What are the responsibilities and job description for the Transaction Management Analyst position at Brown Advisory?
Company Overview
Every firm has a culture – the values, beliefs, methodology, attitudes and standards that reflect an organization’s DNA. But the truly inspiring firms – the game-changers, the industry leaders and the disruptors – have cultures that propel them to innovate and stand out. At Brown Advisory, we aim to be one of those inspired firms. Over the years, we have purposefully built and nurtured our client-first culture.
Brown Advisory is an independent investment management and strategic advisory firm committed to delivering a combination of first-class performance, strategic advice and the highest level of client service. The firm’s clients—including individuals, families, family offices, endowments, foundations, charities, institutions, consultants, and financial intermediaries—are served by over 1,000 colleagues worldwide, all of whom are equity owners of the firm.
Job Description
The Transaction Management Team is primarily responsible for the evaluation, execution and oversight of all aspects of the reconciliation process between Brown Advisory and its custodian banks. The team works closely with other operational groups to ensure the firm’s books and records are accurately reconciled for daily trading and reporting needs. The role also includes handling both voluntary and mandatory corporate actions, including researching event details, interpreting terms, and accurately setting up and processing events within the firm’s platform
A successful candidate will be a proven self-starter with an owner/operator mentality who must bring strong accountability, knowledge and detail-orientation to the organization. Ideal candidates demonstrate the ability to independently identify risk areas and streamline processes through improved controls and innovation.
The primary duties and responsibilities include but are not limited to:
MD Salary: $65 - 70k. Commensurate with experience and location. Does not include bonus or long term incentive eligibility (if applicable).
Benefits
At Brown Advisory we offer a competitive compensation package, including full benefits.
Every firm has a culture – the values, beliefs, methodology, attitudes and standards that reflect an organization’s DNA. But the truly inspiring firms – the game-changers, the industry leaders and the disruptors – have cultures that propel them to innovate and stand out. At Brown Advisory, we aim to be one of those inspired firms. Over the years, we have purposefully built and nurtured our client-first culture.
Brown Advisory is an independent investment management and strategic advisory firm committed to delivering a combination of first-class performance, strategic advice and the highest level of client service. The firm’s clients—including individuals, families, family offices, endowments, foundations, charities, institutions, consultants, and financial intermediaries—are served by over 1,000 colleagues worldwide, all of whom are equity owners of the firm.
Job Description
The Transaction Management Team is primarily responsible for the evaluation, execution and oversight of all aspects of the reconciliation process between Brown Advisory and its custodian banks. The team works closely with other operational groups to ensure the firm’s books and records are accurately reconciled for daily trading and reporting needs. The role also includes handling both voluntary and mandatory corporate actions, including researching event details, interpreting terms, and accurately setting up and processing events within the firm’s platform
A successful candidate will be a proven self-starter with an owner/operator mentality who must bring strong accountability, knowledge and detail-orientation to the organization. Ideal candidates demonstrate the ability to independently identify risk areas and streamline processes through improved controls and innovation.
The primary duties and responsibilities include but are not limited to:
- Research, evaluate, and process mandatory corporate actions daily
- Manage the full lifecycle of voluntary corporate actions, including event research, election review, and post-event validation
- Ensure the firm’s portfolio accounting system is accurately updated daily with trading activity, corporate actions, and cash movements to support portfolio management, trading, and performance reporting
- Oversee reconciliation operations performed by BPO vendor, ensuring accurate and timely resolution of escalations and effective management of downstream impact
- Proactively identify and execute process improvements that drive efficiency and risk reduction that create value for internal and external stakeholders
- Analyze key workflows to identify opportunities to reduce manual effort through automation, AI-driven solutions, and process optimization
- Contribute to firm-wide and departmental initiatives that enhance processes, systems, and overall operational effectiveness
- Understand the impact of income transactions, corporate actions, and other events on investment vehicles, including their downstream effects on trading and performance reporting
- Leverage Excel tools, including lookup functions and pivot tables, to compare large datasets, identify reconciliation breaks, and drive timely resolution
- Bachelor’s Degree or 6 years equivalent work experience
- 2 years of demonstrated success in financial or business operations field
- Demonstrate general market knowledge about stocks, bonds, options, derivatives, etc.
- Strong decision making, problem solving, and communication skills, both written and oral
- Self-motivated and proactive team player with the ability to work well under pressure
- Highly organized and detail oriented
- Ability to work independently and on several assignments simultaneously
- Proficiency with MS Office applications – Word, Excel, and Outlook
- Bachelor’s degree preferably in Finance, Accounting or Economics
- General market knowledge on impact of corporate actions, dividend payments, interest payments and adjustments to cost basis
- General knowledge on security characteristics and market dynamics, and how these factors impact reconciliation
- Experience leveraging AI tools to enhance workflows, including automation, data analysis, and improving efficiency in operational processes
- Experience with SS&C Advent’s APX accounting platform
- Experience with FIS XSPrisa for corporate actions
- Experience with Bloomberg Terminal
- Familiarity with IRS cost basis requirements
MD Salary: $65 - 70k. Commensurate with experience and location. Does not include bonus or long term incentive eligibility (if applicable).
Benefits
At Brown Advisory we offer a competitive compensation package, including full benefits.
- Medical
- Dental
- Vision
- Wellness program participation incentive
- Financial wellness program
- Fitness event fee reimbursement
- Gym membership discounts
- Colleague Assistance Program
- Telemedicine Program (for those enrolled in Medical)
- Adoption Benefits
- Daycare late pick-up fee reimbursement
- Basic Life & Accidental Death & Dismemberment Insurance
- Voluntary Life & Accidental Death & Dismemberment Insurance
- Short Term Disability
- Paid parental leave
- Group Long Term Disability
- Pet Insurance
- 401(k) (50% employer match up to IRS limit, 4 year vesting)
Salary : $65,000 - $70,000