Management Fee Specialist

Job Description Summary

Job Description

This position will follow our hybrid work model; we expect the selected candidate to work 2-3 days a week at our Saint Petersburg FL corporate office.

Job Summary:

You will utilize the skills youve gained through experience and training to perform specialized billing and fee-related activities within your assigned functional this role youll be responsible for researching and resolving transaction discrepancies fee adjustments and inquiries from Financial Advisors and clients. Youll handle a variety of non-routine tasks using established procedures and broad guidelines requiring you to exercise sound judgment to adapt processes prioritize tasks and address unique issues. Most questions and problems will be resolved independently without needing to escalate to higher-level resources. Youll maintain frequent contact with internal and external customers ensuring accurate information is provided and fee-related processes are efficiently executed.

Essential Duties and Responsibilities:

• Applies specialized knowledge of fee management to address complex issues independently.

• Resolves inquiries from Financial Advisors and clients regarding management fees billing discrepancies and account adjustments.

• Calculates Financial Advisor compensation at the gross and net levels ensuring accuracy and compliance with firm policies.

• Processes account payables receivables and/or fixed asset transactions including fee debits and credits.

• Researches and resolves fee disputes ensuring accurate client billing and satisfaction.

• Compiles reviews and interprets statistical data and reports related to management fees and billing processes.

• Maintains product knowledge to assist with issues concerning various broker-dealer trades and investment products.

• Collaborates with cross-functional teams including portfolio managers operations and compliance to execute fee-related tasks and projects.

• Ensures adherence to both business continuity and quality assurance standards in all fee-related processes.

• Review customer account data for accuracy ensuring transactions align with company policies and client agreements.

• Maintains a high level of customer service by effectively communicating with both internal and external stakeholders.

• Performs other duties and responsibilities as assigned contributing to the overall efficiency of the fee management team

Knowledge of:

• General office practices procedures and methods relevant to fee management in a wealth management context.

• Basic accounting concepts practices and procedures particularly those related to fee calculations and adjustments.

• Advanced mathematical procedures to verify and reconcile complex billing transactions.

• General ledger accounting software packages or ability to learn specific systems used in fee management.

Skill in:

• Entering fee-related transactions into automated systems with high accuracy.

• Resolving fee disputes for both internal and external clients ensuring satisfactory outcomes.

• Data collection analysis and reporting particularly in the context of fee management and revenue tracking.

• Researching and addressing transaction discrepancies including those involving complex investment products.

• Gathering analyzing and compiling fee-related information for internal reviews and external audits.

• Utilizing standard office equipment and relevant software applications to create and update financial documents reports spreadsheets and email communications.

Ability to:

• Identify and resolve complex transaction and billing issues efficiently.

• Communicate effectively both orally and in writing with all levels of the organization as well as with external clients.

• Read interpret and analyze fee-related transaction information ensuring compliance with company policies and regulations.

• Analyze and solve problems with a focus on fee management within an investment or wealth management firm.

• Demonstrate efficiency and flexibility in performing detailed transactional tasks in a fast-paced environment with frequent interruptions and shifting priorities.

• Provide a high level of customer service by responding promptly to a high volume of inquiries related to fee management.

• Work independently as well as collaboratively using initiative to solve problems and contribute to team efforts.

• Maintain composure and effectively accomplish tasks in challenging or high-stress situations.

Education

Work Experience

Certifications

Travel

Workstyle

The total compensation for this position includes base salary or wages and may include components such as additional compensation (cash or equity) discretionary bonuses or commissions. This position is eligible for a benefits package that may include medical dental and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation holidays and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered visit .

At Raymond James our associates use five guiding behaviors (Develop Collaborate Decide Deliver Improve) to deliver on the firms core values of client-first integrity independence and a conservative long-term view.

We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm

At Raymond James as part of our people-first culture we honor value and respect the uniqueness experiences and backgrounds of all of our Associates. When associates bring their best authentic selves our organization clients and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.