Operations Specialist Cost Basis

Job Description

HilltopSecurities is currently looking to hire an Operations Specialist to support Cost Basis. The Cost Basis Specialist is responsible for maintaining the accuracy and completion of cost basis and tax lot reporting for all accounts maintained by HilltopSecurities. The Operations group is a collection of sub-departments which is responsible for everything after an account is opened or a trade occurs. The Operations group's responsibilities include opening customer accounts, account maintenance, receiving and delivering money and securities to customers, and many more.

Responsibilities

Under moderate to close supervision, performs routine or basic functions according to department guidelines.

• Review and reconcile cost basis reports through BetaNTX Maxit, FIS, Wall Street
• Assist with gifted/inherited updates, adding missing cost or custom pairing adjustments
• Update Cost Basis due to Corporate Actions and Options
• Perform Internal Cost Movements
• Review and explain fixed income cost basis adjustments
• Assist with General Inquiries/Salesforce Cases
• Reviews and maintains quality data in cost basis system to facilitate complete and accurate information reporting.

Qualifications

• 1-2 years of Cost Basis experience preferred, within the financial services industry.
• Knowledge of FIS and Wall Street a plus, but not required
• Knowledge of basic security industry terminology and financial markets a plus.
• Customer focused with effective interpersonal and communication skills
• Working knowledge of Microsoft Excel, Word and Outlook
• Detail oriented with the ability to prioritize workload to meet daily deadlines
• Able to work additional hours and/or flexible shift assignments when needed

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required and may be changed at the discretion of the Company.

About Us

At HilltopSecurities, we believe in building noble and collaborative relationships that enrich the financial future of individuals, businesses and communities. With an extensive portfolio of products, we deliver a broad range of investment banking and related financial services that help our clients achieve their definition of success. As a subsidiary of HilltopHoldings, which also encompasses PlainsCapital Bank, and PrimeLending, we have the financial strength and stability that has withstood the test of time. Our nationwide presence in 400 locations across 44 states provides our associates with extensive opportunities to grow their careers in a diverse organization that truly values relationship capital above all else.

About the Team

The Operations department's work is vital to the functionality and success of HilltopSecurities. The department provides back-office support and service for the entire firm. With well over 100 employees ranging from specialists to senior managers, each individual plays a specific role in the overarching operation of the company. Operations' areas of focus include clearance, settlement, unit investment trusts, government and mortgage-backed securities, money market instruments, and OTC derivates. Our Operations professionals also manage transactions between mutual funds and insurance carriers and their respective investors. As a part of Operations, you are expected to provide high quality customer service, doing your best to make sure our clients succeed, and keeping their best interests as your highest priority. We value all of our team members, and your commitment to our firm will have a significant impact on the way we operate. We encourage all Operations employees to obtain FINRA licenses and support them in this endeavor. We also provide additional professional development resources to help advance our team members' careers. In the Operations department, you will be surrounded by people who are passionate about HilltopSecurities and upholding our reputation as a leading municipal investment bank.