What are the responsibilities and job description for the Specialist, Income Processing position at Wedbush?
Job Description
Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.
We are currently seeking to hire an Income Processing Specialist based out of our Jersey City office. This position is responsible for the timely and accurate processing of income (i.e. dividends, interest and principal) received from various sources for our clients and the associated tax reporting functions.
Responsibilities Include, But Are Not Limited To
Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed.
The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $75,000 to $85,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs.
Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here??https://www.e-verify.gov/employees/e-verify-overview
This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.
Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.
We are currently seeking to hire an Income Processing Specialist based out of our Jersey City office. This position is responsible for the timely and accurate processing of income (i.e. dividends, interest and principal) received from various sources for our clients and the associated tax reporting functions.
Responsibilities Include, But Are Not Limited To
- Process dividends, interest, principal, and maturity proceeds
- Process broker claims and charges from different entities
- Perform tax reporting functions, foreign withholding processing, optional dividend processing and related cost basis adjustments
- Submit elections to DTCC
- Respond to customer inquiries
- Publish UIT rollover announcements and processes instructions
- Monitor assigned dividend suspense accounts
- Assist with processing proxy statements
- Perform other duties as required and assigned
- Bachelor's degree from an accredited University, or equivalent experience
- Working knowledge of SunGard Phase 3, BETA, DTC PBS/PTS
- Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint)
- Strong verbal and written communication skills
- Strong analytical, problem-solving, and critical thinking skills
- Organized, detail oriented, and ability to prioritize daily work flow
- Ability to be resourceful and work independently while keeping focus on the group’s strategic initiatives
Wedbush Securities (WS) aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm provided equal opportunities to succeed.
The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $75,000 to $85,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to location; skill sets; experience and training; licensure and certifications; and other business and organizational needs.
Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here??https://www.e-verify.gov/employees/e-verify-overview
This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.
Salary : $75,000 - $85,000