Income Specialist - Wealth Operations at Commerce Bank in Kansas City, Missouri

Job Title

The main purpose of this job is to monitor and post all domestic and foreign securities related dividends, interest, and principal pay-down payments to the Commerce Trust Company client accounts. This includes ensuring funds owed to clients are posted timely and accurately to their accounts.

Work Schedule

• Monday - Friday: 8:00 AM - 5:00 PM

Essential Functions

• Monitor and pre-balance all Income event notice reports to ensure timely and accurate posting to client accounts. This may include income received from various custodians and investment vehicles.
• Post income to the client accounts on payable date and/or upon receipt from custodian and escalate missing income to the custodian and/or management team as appropriate
• Monitor and research out of balances appearing on Income related reconciliation reports
• Resolve out of balance conditions in support of having client accounts properly updated on a timely fashion
• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Basic knowledge of Traded Security Types and how various event types impact downstream security processing, including pending cash trades and free activity
• Ability to recognize the critical impact of accurate processing and how it affects downstream processes
• Good analytical and critical thinking skills with ability to solve challenging issues and make decisions
• Ability to communicate with various levels of business partner leadership
• Ability to work independently, prioritize and perform varied assignments with frequent distractions
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile, and good collaborator with good written, verbal, and interpersonal communication skills
• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that aligns with our culture and Core Values
• Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook

Education & Experience

• Associate's degree or equivalent combination of education and experience required
• 2+ years of Financial Services Industry related experience with securities knowledge preferred

Location: 922 Walnut St, Kansas City, Missouri 64106 Time Type: Full time