Are you looking for an opportunity to transform your operating environment and elevate your career? Join our team! This role offers exposure to a wide range of services and products across the firm, providing you with the chance to identify problems, enhance scalability through automation tools, and improve the client experience. Don’t miss out on the opportunity to empower yourself and make a meaningful impact.
As a Cost Basis Manager - Vice President within the Cost Basis Team, you will play a pivotal role in supporting brokerage accounts by leveraging your advanced data analytic skills, operational efficiency, and excellence. You will be responsible for ensuring accurate cost basis reporting, driving automation initiatives, and fostering a high-performing team. Your attention to detail and in-depth knowledge of cost basis, including the impact of corporate action events, will be critical in maintaining compliance and delivering exceptional service to our clients.
Job responsibilities
- Utilize advanced data analytic skills to analyze and interpret complex financial data related to cost basis
- Develop and maintain comprehensive reports to ensure accurate and timely cost basis reporting for brokerage accounts
- Streamline and optimize cost basis processes to enhance operational efficiency and reduce errors
- Implement best practices and standard operating procedures to ensure consistent and high-quality output
- Monitor and evaluate the effectiveness of operational processes, making adjustments as necessary to achieve excellence
- Lead, mentor, and develop a team of cost basis professionals, fostering a collaborative and high-performing work environment
- Identify problems, leverage automation tools to improve scale, and enhance the client experience
- Conduct thorough reviews and audits to verify the accuracy and completeness of cost basis data
- Communicate the implications of corporate actions to relevant stakeholders and ensure proper documentation
- Lead automation initiatives to enhance the efficiency and accuracy of cost basis processes
- Seek innovative approaches to improve cost basis operations and deliver value to the organization
Required qualifications, capabilities, and skills
- Bachelor's degree in Finance, Accounting, Business, or a related field
- 6+ years of experience in cost basis management, brokerage operations, or a related field
- Demonstrated expertise in data analytics, with proficiency in tools such as Excel, Alteryx, SQL, and data visualization software
- Proven track record of leading and developing high-performing teams
- High-level knowledge of cost basis regulations, tax laws, and industry standards
- Excellent attention to detail, problem-solving skills, and the ability to work under pressure
- Proven experience in leading automation and process improvement initiatives
- Thorough understanding of corporate action events and their impact on cost basis
Preferred qualifications, capabilities, and skills
- An advanced degree or professional certification (e.g., CPA, CFA) is highly desirable
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