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Federated Hermes · 3 days ago

Financial Analyst Intermediary Compensation

Warrendale, PA

Full-time

Hybrid

Mid Level

3+ years exp

Federated Hermes is a global leader in active, responsible investing, seeking a Financial Analyst Intermediary Compensation to join their team. The role involves forecasting trailer expenses, compiling and analyzing payment data, and supporting reporting mechanisms for the Funds and internal stakeholders.

Financial Services

No H1B

Responsibilities

Compute trailer expense projections for Federated Hermes and the Funds by integrating actual and anticipated payment data into the calculation

Analyze trailer payments to determine the cause of variations from prior distribution cycles and recommend/apply adjustments to future projections

Collaborate with internal business areas to ensure that applicable expense accruals are kept current and accurate, to ensure resolution of problems and respond to questions/inquires as well as enhance projection/analysis workflows and reporting

Assess client and fund events to ensure inclusion in expense projections

Anticipate trends that may impact the accuracy of expense projections and adjust as necessary

Determine the appropriate attributes and data structures required to support the calculation and analysis of expenses/accruals

Document all information sources, assumptions, and analytics utilized in the production of the analysis and assess data accuracy

Compile, validate, and distribute trailer expense projection and analysis as well as payment reporting

Compile and disseminate trailer payment data for inclusion in reporting to the Funds’ and Federated Investors Trust Company’s Board of Directors

Compile and disseminate reporting summarizing payments resulting from retroactive agreements and operational errors as applicable

Develop and maintain support applications to be used in the calculation, analysis and reporting of corporate/fund/trailer expenses

Establish and maintain processes, reporting mechanisms and workflows and ensure the integrity of the data produced from the applications

Document all information sources, assumptions, and analytics used in the development and maintenance of applications

Serve as a technical experience for the department and assist staff in understanding internal and external development as they may impact workflows

Recommend business and systems changes to management that will improve operations, reduce costs, and risk exposure

Manage projects that specifically impact financial analysis activities for the department

Evaluate the preparation of invoices for reconciliation

Qualification

Financial AnalysisMicrosoft ExcelAccounts PayableMutual Fund KnowledgeBusiness Experience

Required

Associate's degree required

3 years of business experience in back/middle office, operational support experience required

Advanced working knowledge of the Microsoft Excel (V-Lookups, pivot tables and if statements)

Preferred

Bachelor degree in accounting/finance or mathematics preferred

Financial Analysis and reporting experience preferred

Accounts payable experience preferred

Knowledge of the mutual fund industry preferred

Benefits

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.