Federated Hermes, Inc., a leading global investment manager, is seeking an Intermediary Compensation Operations Administrator at our Warrendale, PA location. In this role, you will coordinate the systematically calculated payments for Federated Hermes’ domestic funds, review intermediary contracts and fee arrangements and coordinate projects. You will also function as a primary liaison with internal business areas for the department’s administrative duties including audits, business continuity and policy/procedure management.
What you can expect:
As an Intermediary Compensation Operations Administrator, you will:
Coordinate the monthly systematic trailer fee calculation and distribution process for the Federated Hermes’ domestic funds
Establish and maintain trailer fee arrangements in accordance with the terms of the intermediary’s contract
Evaluate language in Federated Hermes’ intermediary contracts as they are negotiated to ensure their trailer fee terms are supportable by the department
Analyze proposed trailer fee arrangements to determine the anticipated method of support, resource requirements and potential risk exposure
Collaborate with vendors as well as applicable internal departments to support trailer fee activities, answer questions and resolve problems
Assess Federated Hermes’ business initiatives that affect trailer fees, evaluate their system impact and make recommendations concerning their operational support model and risk exposure
Coordinate projects for the department as well as activities related to internal/external audits, business continuity and tax reporting
Serve as a technical expert for the department by acquiring and maintaining the requisite knowledge of relevant Federated Hermes’ and vendor systems
Recommend business and system changes to management which solve operational issues, enhance service quality and/or reduce costs and risk exposure
What we are looking for:
Bachelor’s degree in business related field (ideally accounting/finance) or mathematics OR Bachelor’s degree with 3 years financial services experience
3 years of business experience providing operational/back office support
Knowledge of the mutual fund/financial services industry including its standard processes and systems
Experience coordinating projects and a familiarity with leading or participation in a project team
Proficiency in personal computing with a working knowledge of the Microsoft Office applications required
Strong analytical, administrative and personal leadership skills
Effective and persuasive communication skills
Our investment in you:
We believe our employees are our most important asset! Therefore, we offer benefits programs designed to help you and your family thrive, training programs to advance your professional development and opportunities for you to give back to the community. Our offerings include:
A competitive total compensation package, including bonus programs designed to recognize and incentivize our employees to do their best every day.
Time off programs including paid vacation, parental leave and a volunteer day to help you stay healthy and connected to the things that are important.
Opportunities to expand your professional network within the firm and the community through participation in programs such as the Women in Investing Employee Resource Business Group and the University Ambassador Program.
About Federated Hermes:
For more than 60 years, Federated Hermes (FHI) 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.
Federated Hermes is committed to providing equal employment opportunities to qualified individuals without regard to the following criteria: race (including physical characteristics such as hairstyles ), color, national origin, religion, sex (including pregnancy), sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any applicable local, state or federal law applicable to Federated Hermes.
Only those candidates in whom we have an interest will be contacted.
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.