Operations Associate

About Wealth Enhancement Group

Wealth Enhancement is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 61,000 households from our over 100 offices - and growing - nationwide.

Since 1997, Wealth Enhancement has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit www.wealthenhancement.com.

We are looking for an Operations Associate to contribute to the daily administration of the portfolio accounting and management database. The position plays a key role in highly visible processes including quarterly asset management reporting and fee collection. Reports include internal assets under management, external quarterly client statements, and performance reporting. The Operations Associate will also support general trust operations, including reconciliation and asset recording. The Operations Associate will report to the Operations Manager.

This position is a fully remote opportunity. We also have a dedicated office in Plymouth, MN if you prefer to spend time on-site.

The salary target for this role is $55,000-$65,000, depending on experience.

We select our initial compensation target using national compensation survey data. When we make an offer, we then factor in things like tenure, performance, and geographic location to come up with the most accurate numbers. We encourage you to apply and provide us with your compensation expectations when you do. We’re big on open conversations, so, let’s have one.

Primary Job Functions

Trust Reconciliation and Asset Recordkeeping

• Perform various daily, weekly, monthly, quarterly, and annual duties related to accounting for trust activities making sure compliant documentation is stored appropriately.

• Coordinate with third-party vendor to ensure daily balancing and money movements are accurately reconciled and occur ahead of deadlines.

• Coordinate with third parties on trade issues, timely and accurately.

• Document, review, and calculate refunds for trade errors.

• Process incoming and outgoing transfers of assets.

• Book unique assets and ensure updates are recorded in Wealth Enhancement Group’s portfolio accounting system.

General Trust Operations

• Review and release fees in coordination with senior operations staff.

• Prepare client-facing and Internal reports.

• Perform various duties related to proxy voting.

• Provide feedback to senior operations staff to identify problem areas within processes.

• Crosstrain co-workers on job responsibilities.

• Participate in staff and committee meetings as assigned.

Portfolio Accounting

• Data entry of account attributes in portfolio accounting system, ensuring data feed connectivity to custodian/data aggregators.

• Resolve outstanding tasks in CRM systems.

• Process requests for system access for internal users of portfolio accounting portal.

• Support quarterly audits and reviews.

• Contribute to quarterly statement generation and fee collection process as needed.

Internal Department and Advisor Team Support

• Provide internal "customer" support, quickly responding to a high volume of time sensitive questions and requests from multiple internal teams.

• Cross-train in support of other areas of Operations as needed.

Education/Qualifications

• High School degree (or equivalent) required; post high school degree preferred.

• 2-3 years’ experience in financial services required, preferably in an RIA, Broker/Dealer, or Trust Company environment.

• Advanced knowledge of Microsoft Excel required.

• Experience working with portfolio or trust accounting and/or CRM systems (e.g. Salesforce) preferred.

• Strong verbal and written communication.

• Solid analytical skills; attention to detail.

• Ability to adapt to frequently-changing processes and procedures while incorporating new processes into the standard workflow.

IND123

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Comprehensive Benefits Offerings

Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development, and work/life harmony. You may participate in the following benefits & development opportunities:

• Training and professional development

• Medical, dental and vision coverage

• 401k – with match and profit sharing

• Health care spending and savings accounts

• Dependent care and transit spending accounts

• Wellness programs and resources

• Life and AD&D insurance – employer paid and voluntary options

• Short-term and long-term disability – employer paid

• Employee assistance plan

• Accident and critical illness

• Pet insurance

• Identity theft

• Paid Time Off

• 12 paid holidays each year

• Paid parental leave and paid caregiver leave

• Tuition reimbursement

Should you need reasonable accommodation when completing the application form or during the selection process, contact the Human Resources Department at 763-417-1700

Information provided on this application will be kept confidential and only be shared with those involved in the selection process.

Equal Opportunity Employer, including disabled and veterans. This organization participates in E-Verify.

Click the following link to view Federal and E-Verify posters: Link

OSHA Requirements: This position requires the ability to stand or sit for long periods of time, file documents in high or low cabinets, to use the telephone and to use the computer systems.