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Position Title: Managed Accounts School Year Intern  

Department:  Managed Account Business Management and Operations

Federated Hermes Internship Program provides students the opportunity to gain “hands on” experience and develop professional skills as well as the ability to network with talented professionals and gain insight into career possibilities within the asset management industry. The program includes a variety of events designed to enhance the internship experience, provide participants with information about Federated Hermes and foster collaboration among their cohort.   

Purpose of the Internship:

The purpose of this position is to provide operational support to trading and portfolio management for all accounts over which the Separately Managed Accounts (“SMA”) group has discretion.  The school year intern will have knowledge of all basic functions performed in SMA Operations including new account initialization, trade support, and reconciliation. 

Major Duties:

• Review and process new account documents for completeness and accuracy
• Set up new accounts on both the Invest Cloud APL and the Vestmark portfolio accounting systems
• Process withdrawal, deposit, and termination requests from sponsors.
• Accurately file paperwork related to account maintenance into the Docstar system.
• Assist staff with random maintenance items such as researching individual account reconciliation issues and updating various fields on portfolio accounting

Hours/location:

• 15 hours a week during the school year in the Fall 2022 and Spring of 2023, and full-time hours the summer of 2023 (7:30 a.m. – 4:00 p.m. during the summer)
• Preferred start time between 6:30a.m. – 8:30 a.m. to 3:00 p.m. – 5:00 p.m.
• Federated Hermes Tower – Pittsburgh, PA 15222 (HYBRID)

Explanatory Comments:

• Demonstrate strong verbal and written communication skills and presentation skills
• Demonstrated ability to multi-task
• Cooperative attitude and effective interpersonal skills
• Demonstrated ability to work successfully as a member of a team or independently 
• Proven ability to be self-motivated, punctual and possess a strong work ethic
• Demonstrate decision making, problem solving, and analytical skills with particular attention given to detail and accuracy

Position Specifications:

• Pursuing a degree with a concentration in Business, Finance, Accounting, Economics, or equivalent required
• Proficiency with Microsoft Office products including Word and Excel required
• Knowledge of investment industry and mutual funds preferred

Why work at Federated Hermes?

For more than 60 years, Federated Hermes has provided world-class investment solutions to financial professionals in the United States and around the world. Federated Hermes' employees have defined the qualities of the company’s success over the decades: a reputation for integrity and excellence, a commitment to customers and employees and a history of longstanding client relationships. While each market cycle brings new opportunities and challenges to the company, Federated Hermes continues to foster employee commitment to excellence in the investment management industry.

https://careers.federatedinvestors.com/psp/EXT/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_APP_SCHJOB.GBL?Page=HRS_APP_JBPST&Action=U&FOCUS=Applicant&SiteId=11&JobOpeningId=8568&PostingSeq=1

Only those candidates in whom we have an interest will be contacted.

EOE