The Asset Maintenance Supervisor – PP Trust is responsible for managing all aspects of the firm’s Private Security and Real Estate asset maintenance activities. In partnership with the team manager, responsible for maintaining efficient operations, quality of service, and compliance standards across multiple asset and client types.
Oversee the daily operations of asset maintenance related to private equity, real estate, and private debt investments. Processing activities include valuation updates, asset sales, liquidations, and asset related expense payments. The team must review and interpret investment related documents in order to successfully accomplish their processing activities. The primary goal of the team is to ensure compliant, accurate, and timely asset characteristic maintenance for our clients.
In partnership with the team manager, responsible for the day-to-day leadership of the team, including mentoring and coaching in an ever-changing work environment. Ensure all team related goals related to operational excellence and client service are met or exceeded. Work collaboratively with multiple internal and external partners and proactively pursue alternative ways to expand the business. Acts in a lead capacity to other department staff. Handles work of complex nature.
RESPONSIBILITIES
- Review team processing activities and approve cash and securities transactions in the trust accounting system related to the maintenance of private equity and real estate positions.
- Ensure all transactions are processed accurately and according to the relevant documentation.
- Ensure all documentation related to the transaction is appropriately archived and noted in Salesforce.
- Transactions may be complex in nature.
- Oversee and monitor daily asset maintenance activity to ensure all deadlines are met and all processing is completed in an accurate manner.
- Oversight activities include quality assurance review of cash and securities transactions, workflow review to ensure adequate and timely client contact, and team e-mail review to ensure proper handling of client escalations.
- Provides mentoring, coaching and training to support and develop leaders and staff.
- Responsible for supervisory duties including performance evaluation, coaching, handling grievances, scheduling, approving timesheets, etc.
- Assist in training and development of junior staff members.
- Train new hires.
- Train existing employees on complex activities.
- Assist Manager in executing on team projects and initiatives.
- Other duties as assigned
QUALIFICATIONS
- Minimum 5 years of experience in a securities operations or securities processing environment required.
- Minimum 1-2 years of direct leadership experience including leading a team of employees in a financial services environment required.
- Comprehensive knowledge of best practices related to client service, and prior experience coaching employees to those standards required.
- Comprehensive knowledge of financial services industry products and compliance requirements required.
- Experience in Alternative Investments preferred.
- Certified IRA Services Professional (CISP) and/or Retirement Industry Trust Association (RITA) certified Self Directed IRA industry Professional (SDIP) preferred.
A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $58,847 to $88,271. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)