Billing Analyst Job Listing at City National Bank in New York, NY (Job ID 104151)

Description

If you are hired to this position, you will be employed by Magnit Global. You will not be employed by City National Bank.

The Opportunity

Serves as a centralized point for the processing of all management fees across all CNR business segments and the bill payment for CNR clients. Provides account balancing, transaction reconciliation and reporting. Provides operational support for Alternative Investments and responds to all client, Financial Advisors, and CNR colleague inquiries and ensures problem resolution. Manages all advisor movements from one BD/RIA, Custodian, or Platform to another.

The Responsibilities

• Process management fees. Review fee schedules, calculate and debit client accounts and process payments to Financial Advisors. Coordinate with custodians to debit client accounts and provide customized files and spreadsheets to expedite the processing.
• Verify receipt of all management fee checks and entered into the billing system. Deposit checks to house accounts and balance and reconcile accounts receivable reports.
• Assist clients, Financial Advisors, and CNR colleague with billing inquiries. Research and resolve any issues.
• Make billing adjustments and process exceptions. Communicate adjustments to appropriate parties and obtain supporting documents that approve requests for processing
• Prepare, send, and track Subscription Documents to clients. Monitor through internal database.
• Perform due diligence to ensure clients are qualified to invest in a particular product. Review paperwork for completeness and appropriate signatures.
• Set up data feeds for Financial Advisors, BD/RIAs, and audit firms.
• Assist clients making Advisor updates and Financial Advisors undergoing BD/RIA, Custodian, or Platform changes.
• Prepare, communicate, and process all documents required for Financial Advisor transitions
• Facilitate all Custodian Changes and Platform Changes to ensure they are completed in a timely manner by all appropriate teams involved.
• Create tracking spreadsheet for each transition.
• Provide PM Teams, SICs, and Client Service Teams with weekly updates for Custodian/Platform Changes in process.
• Maintain record of all transitions to include up-to-date Metrics data for use by Client Services Directors.
• Create and communicate access credentials to CNR's website and Pershing's Netx360 platform for new Financial Advisors.
• Assist with establishing agreements with new BD/RIAs.
• Create and communicate access credentials to CNR's website for new BD/RIAs.
• Maintain current list of BD/RIAs with active agreements on CNR's website to support SIC teams.
• Assist with fee projects in analysis of custom management fee schedules and adjustments

The Qualifications

• Minimum 2 years of experience in a financial related industry
• Minimum 2 years of experience in using Microsoft Office applications
• 2 to 4 years of experience in financial services or a financial related industry
• Must possess good math skills
• Working knowledge of Microsoft suite of applications, APX and internal proprietary systems
• Excellent verbal and written communication skills
• Skill to manage multi priorities simultaneously
• Organizational skills are required
• Ability to handle problem situations with clients and colleagues effectively
• Series 7 preferred
• H.S. Diploma
• Bachelor's Degree preferred

This is the pay range that Magnit reasonably expects to pay for this position: $47.77/hour - $51.21/hour

Benefits: Medical, Dental, Vision, 401K