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Investment Operations Specialist

Company: Northwestern Mutual
Location: Salem
Posted on: May 21, 2023

Job Description:

Northwestern Mutual is an industry-leading financial services company that helps individuals and families achieve a lifetime of financial security. Northwestern Mutual of Oregon and SW Washington is currently seeking an Investment Operations Specialist to join our team in Salem. The Investment Operations Analyst helps financial representatives grow their business by training on and providing supporting for the investment processing tasks.Proposal and Case PreparationGathering information for financial advisor's meeting with client/prospectPreparing advisory annual review informationPreparing and modifying PX and investment/advisory proposalsPreparing letter of instruction for client signaturePreparing investment policy statement, needs-based analysis, or financial planRecommending fund portfolio optionsNew Accounts and Asset MovementPreparing and processing all paperwork needed for investment/advisory accountsProcess, submit, and track transfers and rollovers of incoming client accountsCreate investment proposals based on advisor's instructions (ENV2, Proposal Generator, PCS)Input data into CRM, Netx360, Envestnet, and data reports with new cases and new AUMReceive, track, and/or forward checks and related paperwork to investment operations areaProcessing proposal amendments in EnvestnetProcessing and monitoring of funding of advisory accounts and asset transfers to ensure selected asset allocation is implementedWebsite walk-throughs and/or tutorials with new and existing clientsRetirement PlanningAssist in obtaining all necessary information along with specific instructions from the financial advisor for PX inputProvide required input for all sections and modulesInput each security's value and cost basis information in the corresponding accountInput risk tolerance questionnaire and select customization levelVerify information and data input is completed correctly and relay information that is still needed to advisorClient ServiceWork with clients to process deposits and withdrawals, distributions, RMDs, buying and selling, and raising cash, gifting and donation transfers, periodic orders, standing instructions, etc.Remind clients when action is needed based on client needs: RMDs, contributions, raising cash for income distributions, etc.Monitoring Envestnet and Netx360 for alerts and upcoming annual reviewsAssist with account beneficiaries, risk tolerance updates, compliance flags, house holding, tax withholdings, account bio information updates, and other client service needs.Settle and assist with compliance-related situations and flagsEstablishing check-writing, cash management, cross-billing, and assisting with insurance paymentsAssist with 401k and Solo 401k accounts: new accounts and servicing existing accounts, work with the TPA (paperwork, setting up automatic statements to TPA, liaison between TPA and clients)Accepting redemptions/withdrawals from clients and communicating instructions to home officeDiscussing tax consequences, costs, and advisory fees with clientMaintaining daily tickler system for account follow-ups and service requirementsPerforming cashiering functionsRunning performance reports in Envestnet, Morningstar and NMCIRQualificationsFinancial Service or Insurance industry experience preferredAssociate Financial Representative contract requiredHealth and Life licensed or gain licensing within 6 months of employmentSeries 6 required, and Series 63 required (or gain within negotiated time period)Series 65 or 66 required (or gain within negotiated time period)Demonstrated ability to maintain effective working relationships with clientsExcellent oral and written communication skillsAble to practice active listening and communicate in a direct mannerStrong attention to detail with the ability to work with a high degree of accuracyAbility to manage multiple diverse projects and assignments in a timely and quality mannerWillingness to learnAbility to embrace change and work in a fast-paced environmentAble to work both independently and on a teamAbility to maintain confidentialityCompensation & BenefitsOur total rewards include competitive pay and excellent benefits.Equal Opportunity EmployerNorthwestern Mutual believes that every individual makes a significant contribution to our success. Northwestern Mutual recognizes the diversity and worth of all individuals and groups. It is the policy of Northwestern Mutual that there will be no discrimination or harassment of individuals or groups based on race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, marital status, age, veteran status, genetic information or disability in any activities, or employment.

Keywords: Northwestern Mutual, Salem , Investment Operations Specialist, Other , Salem, Oregon

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