As a Commissions Data Sr. Specialist, you will:
- Provide high value day-to-day support to our Financial Advisors and other internal and external clients regarding complex compensation matters while promoting Baird’s culture and the Operations missing and values statement.
- Support team as a brokerage commissions and advisory billing subject matter expert on regulations, industry, and internal policies, and understand end-to-end processes of PWM commissions-based and advisory-based business.
- Manage commissions data and payments from various sources and support the related reporting processes.
- Engage with various applications to analyze commission related data, identify, and implement process efficiencies.
- Maintain and monitor databases to ensure correct allocation of annuity, insurance, retirement plan, mutual fund and alternative investment commissions, direct payments, and 12b-1 payments to Financial Advisors.
- Maintain client fee schedules in accordance with Baird’s policy and processes.
- Ensure accuracy in billing our clients and paying third party managers appropriately.
- Reconcile statements and payments from various outside vendors to ensure timely and accurate payment to Financial Advisors.
- Ensure adherence to regulations, Baird policies, and department procedures and policies. Monitor exception reports pertinent to the status of ongoing activities; initiate corrective action as necessary.
- Independently complete assigned tasks and integrate individual priorities with team priorities, while balancing competing priorities.
- Demonstrate understanding and knowledge of markets, products, processes, regulations, and systems required to deliver on business objectives.
- Contribute to productivity, efficiency, and effectiveness improvements to drive exceptional client service and risk mitigation.
- Participate on project teams creating requirements and testing through workflow analysis and use cases.
- Provide support to other Operations departments with projects and initiatives.
- Perform other duties as required.
What makes this opportunity great:
- Fast paced environment that will enable you to grow as a professional.
- Team of associates passionate about achieving great results for clients and give back to the communities where we live and work.
- Unique culture that values diverse backgrounds and perspectives while emphasizing teamwork and a strong sense of partnership.
What we look for:
- Bachelor’s degree and 3+ years related of experience in a financial services operations role is a plus.
- Holding a Series 99 is a plus.
- General knowledge of brokerage accounts and advisory accounts, with a basic understanding of investment products and services.
- Proficiency and experience with Microsoft Office and willingness to learn SQL, Power Query, Excel
- Strong analytical skills with the ability to perform advanced problem solving.
- Ability to tolerate multiple assignments, work under pressure and within deadlines and produce accurate results.
- Detail-oriented with focus on accuracy.
- Superior organizational skills with the ability to prioritize, monitor, and complete multiple tasks or projects, either independently or collaboratively within a team. Excellent written and verbal communication skills are a must with the ability to effectively relate to work in a team-oriented setting.
- Passion for providing high-value client service.
- Ability to stay focused under pressure and to prioritize work to effectively manage time.
- Proven reliability in attendance and performance.
