A leader in the payments industry, Elavon provides end-to-end payment processing solutions and services to more than one million merchants around the world. If you want to make a difference in your life, your community and your world, join us at Elavon. We know our company is only as strong as our people, and we are committed to your professional growth and success. Elavon is part of the U.S. Bank family, a diverse workplace, where we celebrate the individuality of each member of our global team.Job Description
We are a leader in the Investment Services industry with locations including Dublin, New York and Milwaukee and presently service multiple fund domiciles. Our innovative technology, coupled with a talented and motivated workforce allows us to deliver a superior service to our clients. We are committed to our services being of the highest quality and are continuously improving our technologies and processes, offering challenging, dynamic roles with excellent career prospects.
We intend to establish a full service location in Luxembourg with recruitment commencing in 2020. The Luxembourg regulated entities will be licensed to offer fund administration, transfer agency, domiciliary agent, depositary and custody services to Luxembourg domiciled fund structures.
Responsible for analysing and interpreting fee schedules and agreements for the various Wealth Management & Investment Services (WM&IS) business lines. Ensuring the accurate set up and administration of accounts for fee billing and revenue posting purposes while delivering the highest level of customer service. This position requires a significant level of financial acumen consistent with the complexity of governing documents associated with asset backed securities, risk and regulatory guidelines, and policies and procedures.
Interpreting fee schedules and agreements in order to provide accurate billing information and coding for the Advantage Fee billing system.
Accurately updating the Fee Instruction Application and Advantage Fee systems with setup and maintenance information.
Ensuring billing activity within accounts is in accordance with the fee agreements, regulatory, tax and legal requirements, and within U.S. Bank procedural guidelines relative to new, existing and closing accounts.
Liaising with Relationship Managers, Account Administrators, and the Finance Department with a focus on accommodating their current and changing needs.
Managing multiple reporting responsibilities to ensure monthly invoice forecasting and fee accounts are kept up to date.
Ensuring relevant fee agreements are retained in house, working with Relationship Managers to recognize and clear any exceptions, outstanding setup or maintenance issues.
Responding to requests from Business Line Risk Managers, Trust Compliance, and Corporate Audit Services in a timely manner. Compiling historical data for Audit reporting.
Working with the Payments team and business line representatives to clear outstanding fee receivables, communicating efforts and escalating as needed.
Participating in training and coaching events for the internal client base as well as training less experienced team members.
Working alongside the Business Analyst team to identify and execute opportunities to improve processes and create efficiencies through our online fee platforms.
Participating in various Committees and Projects
Composing and updating procedural documentation
Actively ensuring compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participating in any required corporate and business line training in these areas. Adhering to strict business line Service Level Agreements.
It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorp's “Code of Ethics”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position.
This is a general description which covers all levels/grades of the job. Minimum qualifications are outlined below:
Background and knowledge of trust and securities operational functions, systems, procedures, various products and/or services supported by the assigned area(s) and applicable regulations.
Exhibit analytical, problem-solving, decision-making, and organizational skills.
Experience with customer relations skills, as well as verbal and written communication skills.
Ability to adhere to the tenets of U.S. Bank's purpose and core values.
The role generally requires a Bachelor's degree in Accounting or a Finance related discipline. Alternatively, those with three or more years of financial industry related experience will be considered.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
We offer an exciting, fast-paced and diverse working environment with employees of many different nationalities. We provide benefits to help you protect your health and financial security; and give you peace of mind. We also invest in your career growth with development resources that give you the opportunity to stretch and shine.
This is an Elavon posting. Elavon is a part of the U.S. Bank family.
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