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Private Client Administrator Location : LocationUS-TX-San Antonio ID 2019-6516 Category Operations & Technology Position Type Full-Time
We are seeking a San Antonio-based Private Client Administrator (PCA), to join our Private Client Administration team within Private Client Operations.
AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB's research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
OPS Group Description: The Private Client Administration team acts as Operational generalists and as a liaison between Sales, Portfolio Management and Operations. The PCA plays a key role in nearly all aspects of the AllianceBernstein Private Client Business and will be responsible for servicing a designated client base. The candidate will play an integral role in the day-to-day servicing of Private Client accounts.
Describe the role: The candidate will report to a PCA Team Manager and provide support to the AB Private Client Sales force. The Private Client Administration team acts as Operational generalists and as a liaison between Sales, Portfolio Management and Operations. The PCA plays a key role in nearly all aspects of the AllianceBernstein Private Client Business and will be responsible for servicing a designated client base. The candidate will play an integral role in the day-to-day servicing of Private Client accounts.
Describe the applications and business or enterprise functions the role supports: The PCA provides complete support for the PC channel across the life-cycle of Private Client accounts/relationships and has a heavy daily interaction with Sales, PC Portfolio Management and other Operations teams to support day-to-day servicing.
Quality review and open domestic and foreign client accounts on various systems including custody and accounting systems.
Provide day-to-day reconciliation of custody and accounting systems for all private client accounts.
Collaborate with brokerage firms, banks and transfer agents to transfer client assets into and out of the firm as quickly and efficiently as possible.
Initiate performance measurement process for all new accounts to accurately track and report account performance to clients.
Review account activity and update client cost basis which is integral to timely and efficient trade execution and portfolio management.
Assist in the quality control of account attributes and data for various tax reports provided to clients and to the IRS.
Provide oversight for asset transfers between retirement accounts to effect accurate government reporting.
Field questions from Sales and various other departments supporting firm's mission to provide excellence in client service.
Participate in client related research projects, product launches and other firm wide initiatives.
Support offshore team at AXA Business Services.
Assist in review of communications with end client to validate outgoing cash movement to 3rd party recipients.
What makes this role unique or interesting? This role will expose the candidate to many different areas within Private Client Operations at AllianceBernstein and provide the individual with an opportunity to learn and grow with the department.
What is the professional development value of this role? Due to the multi-faceted nature of the role and the diverse group that the PCA will liaise with daily, there are strong opportunities to develop skills across a broad spectrum of Operation functions such a broker-dealer (i.e. asset transfer, dividend collection), portfolio management, tax reporting (i.e. client consolidated 1099 production), among others.
Detail oriented and efficient
Strong interpersonal skills
Clear communication skills, both written and oral, are a must.
The candidate should also have strong problem solving and analytical skills and the ability to work in a fast-paced, dead-line oriented environment.
A strong ability to multi-task, prioritize and manage various projects or tasks at once is also required.
The ideal candidate should also be able to independently research and resolve issues.
Bachelor's degree, preferably in Accounting, Business or Finance. College graduates who have had internships in the finance industry will also be considered.
Skills: The candidate should have a working knowledge of the Microsoft Office suite of products (particularly Excel, Word and Power Point).
Location: San Antonio TX, US
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