This position is responsible for the processing of new account forms into the M&O system and opening of new accounts on the Pershing TIMS and Schwab managed account platforms. Responsible for the daily management of deficient accounts and commission holds.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Stamp, disburse, scan & index all incoming express packages for New Accounts Department.
Data entry new account forms.
Opening of Pershing TIMS accounts.
Opening of Schwab accounts.
Reviewing daily report of holding commissions due to missing new account information.
Reviewing daily report of new clients added into the M&O system.
Ensuring OSJ signature has been obtained on new account forms received.
Run monthly reports for Compliance on deficiency letter and accounts without new account form.
Review accounts for missing paperwork.
Create letters notifying fund and insurance carriers of client address changes.
Create letters notifying fund and insurance carriers of representative changes or branch address changes.
Provide customer service to the representatives.
Promote and review quality standards are being met for the department.
Any other duties or tasks assigned by Management.