Are you passionate about delivering solutions to LPL’s financial advisors?
Are you results-oriented, agile-minded, and can work in a team or independently? Do you like thinking outside the box, learning new skills and problem solving? If so, LPL Financial is the place for you!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
Job Overview:
The Client and Government Reporting team comprises of cost basis and tax reporting functionalities. The tax reporting component ensures that all Internal Revenue Service (IRS) client tax reporting forms are issued and mailed in an accurate and timely manner. The cost basis component is responsible for the receipt, maintenance and delivery of tax lots used to calculate cost basis. The Sr. Operations Specialist essential functions will entail reviewing of Tax lot data received from various sources and updating across various internal systems. The position will require researching skills, data entry skills and quality control.
Responsibilities:
- Reviews, analyzes, maintains and updates cost basis tax lots for changes due to transactional adjustments, corporate action activity, and related systems and processes.
- Audits cost basis functions and performs audits of statements, tax forms, and system elevations to ensure information accuracy, elevating any inconsistencies to management for investigation and resolution in order to achieve flawless execution.
- Perform daily quality control, manage error rates, perform exception review processing and provide daily reporting metrics.
- Effectively communicate with advisors and other operational groups to resolve various account discrepancies. Must be able to relay policy related information consistently in fast paced situations.
- Acts as a resource to the department and be able to apply complex knowledge of the overall Cost Basis and Tax Reporting processes for inquiries received from internal and external customers and vendors.
- Be proactive and remain cognizant of deadlines, regulatory requirements and agreed upon service levels.
- Audits cost basis functions and performs audits of statements, tax forms, and system elevations to ensure information accuracy, elevating any inconsistencies to management for investigation and resolution in order to achieve flawless execution.
- Assists in regression testing to ensure changes to cost basis system do not negatively affect other areas of costs basis or system in general.
What are we looking for?
We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.
Requirements:
- College degree or equivalent work experience preferred
- 2+ years of industry experience (preferably financial services) in Operations, Compliance or Risk Management.
Core Competencies:
- Microsoft Excel – Compiling data, formatting data and spreadsheets, and executing calculations/formulas.
- Microsoft Access – Comfortable with accessing and managing various databases.
- Microsoft Outlook – Sending/receiving emails and setting up/attending outlook meetings
- Microsoft Word
- Must have strong written and verbal communication skills. The ideal candidate MUST be capable of communicating in a clear and professional tone.
- Ability to work independently in a fast paced environment with multiple priorities while ensure deadlines provided by regulators and firm are followed.
- Strong attention to detail with a pro-active approach to solving and preventing problems
- Personable and reliable self-starter who requires minimal management oversight for day-to-day work responsibilities.
Preferences:
- BETA – Books and Records platform where we perform most of our duties
- SQL
Pay Range:
$17.85-$26.77/hour
The salary range is dependent on a number of factors, including the applicant’s skill, experience, and work location.
Why LPL?
At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.
We are one team on one mission. We take care of our advisors, so they can take care of their clients.
Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.
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Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (800) 877-7210.
