Operations Associate

DEARBORN PARTNERS Job Description: Operations AssociateWe have an immediate opening for an Operations Associate. Candidate must be bright, articulate, professional, extremely detail oriented, work well as part of a team, and strive to deliver an exceptional client experience.  This is an exciting and challenging opportunity to partner with Portfolio Managers and Financial Advisors to support all aspects of client servicing and account maintenance for high-net-worth clients. An Operations Associate will perform the following duties:Private Wealth Trading and OperationsGenerate funds for cash withdrawal requests and invest cash depositsOrchestrate block trading requestsExecute and allocate bond trades Execute tax-loss harvesting requestsReconcile client accounts to custodian statementsRebalance new accounts to proper model portfolioProvide support during the account opening and funding process from beginning to successful completion Set-up and manage client data and accounts in firm databasesFollow-up on all ACAT and non-ACAT requests to ensure proper receipt of assets Review all client withdrawals, contributions, transfers, and account updates Asset Management Trading and OperationsReview pendingactive client accounts for all custodian brokersCommunicate daily to several custodians regarding intra-day activitiesOpen new accounts and deposit cashsecurities into accountsHandle individual account requests: deposits, withdrawals, terminations & liquidationsEnsure all accounts are invested in each respective Model Portfolio at proper allocationsOrchestrate block trading for 10+ strategies Communicate with trade desks to ensure proper execution and allocation of block tradingWeekly review of all cash balances and security drifts in all managed accountsManage our UMA models and their security drifts on a monthly basisTrade tax sensitive accounts against our strategies over a 2-3 year periodExecute tax-loss harvesting requestsReconcile client accounts to custodian statements and collect custodian statementsJob Qualifications The ideal candidate should have a bachelor's degree with a business background (i.e. finance, economics etc.) and excellence in academics. Candidates should have previous experience in brokerage, banking or investment management services. We are looking for an accomplished team player who is detail-oriented with a strong ability to multi-task and work under pressure in a fast-paced environment. They should also possess strong analytical and communication skills (both written and verbal) and an ability to build internal and external relationships. Proficiency in Word and Excel are required. Experience with Advent, Moxy, APL and other trading software is preferred.  The CompanyDearborn Partners provides a wide array of investment management services to high-net-worth families to help them reach specific financial objectives. Dearborn is an independent, privately held investment management firm with 25 employees based in downtown Chicago. 

Created: 2025-02-09