Job Description

Job Summary:

NewEdge Advisors (NEA) is looking for a highly skilled service-minded associate with a positive attitude who enjoys problem-solving and meeting the needs of our advisor base & home office staff. The Financial Analyst will report directly to the M&A and Financial Reporting Manager.

The primary responsibilities of the Financial Analyst include organizing, analyzing, and disaggregating data to ensure accuracy of the RIA’s financial health. This person will also analyze billing and compensation data to ensure accurate reporting of revenue and expenses for monthly financial documents. The Financial Analyst will be the primary point of contact for the RIA for all financial aspects and liaise with the corporate finance team on inquiries and requests. This person will also interact heavily with all NewEdge Advisors pillar and franchise teams on financial inquiries. The ideal candidate will have demonstrated ability to compare multiple sets of data, document procedures for complex processes and implement multiple quality control checks across the firm to ensure accuracy in data.

The position will ideally be in New Orleans, LA, or Baton Rouge, LA. Remote candidates are encouraged to apply.

Responsibilities:

• Develop thorough understanding of data sources used in calculation of revenues, internal & external expenses, client billing schedules, and advisor pricing and servicing agreements.
• Reconcile transactions & fees by collecting and comparing data from multiple sources including custodial platforms, Orion, AdvisorBOB, and other systems.
• Support and manage the month-end close process to ensure accurate RIA data provided to Chief Operating Officer and the corporate finance team for monthly financials.
• Support with budget development, reforecasting and ongoing financial projections for NEA.
• Analyze financial statements and other financial analyses to identify trends or errors.
• Create and manage repeatable, standard monthly and quarterly reports for NEA leadership and advisor teams including, but not limited to AUM, brokerage and advisory production, profitability by team and advisor, account-level summaries, etc. in Tableau and Salesforce.
• Manage, submit and approve invoices and expenses for the RIA.
• Work with external vendors, custodians and advisor offices on invoice submission, reimbursements, accounts receivable and accounts payable.
• Maintain and monitor business performance metrics, KPI dashboards, etc.
• Support operations and finance leadership with accurate RIA and custodial reporting and documentation for audit requests. Primary contact to facilitate internal and external audit requests.
• Assembling and summarizing data across multiple business functions including, Financial Operations, Human Resources and Operations, as needed.
• Prepare analyses and presentations for C-suite and Executive Board.
• Detailed analysis of Income Statement, Balance Sheet, and Cash Flow financial models from an operating perspective collectively using key performance indicators (KPIs) and other variables as drivers to revenue and expenses over a multi-year period.
• Ad hoc requests and reports as needed

Skills & Qualifications:

• 3-6 years of securities industry experience within organizations providing investment advisory services.
• Experience with Fidelity, Raymond James, Schwab, Goldman Sachs and/or LPL Clearing preferred.
• Bachelor’s or master’s degree in Finance, Economics or other business-related field or equivalent professional experience.
• Skill in operating various database and software programs (i.e., Microsoft Office, Orion, Salesforce, Power BI, Tableau, etc). Expertise in Microsoft Excel.
• Ability to communicate professionally in writing or verbally with co-workers, advisors, and other business units as required.
• Ability to organize, prioritize, and handle multiple tasks within established timeframes.
• Ability to investigate, research, and resolve problems.
• Ability to clearly and concisely explain complex information.
• Ability to pay close attention to detail, meet or exceed deadlines and implement quality control processes to check for accuracy.
• Ability to collaborate and provide recommendations.
• Ability to communicate and project a positive, professional attitude with co-workers, customers, and various business contacts in person and over the telephone.
• Ability to develop professional relationships and maintain confidentiality.
• Ability to continually stay updated with new information.
• Ability to be at work on a regular and predictable basis.
• FINRA SIE, Series 7 and/or 65/66 are a plus.

Who We Are:

EdgeCo Holdings' is made up of several affiliated companies including AmericanTCS and NewEdge Capital Group that have been providing a suite of technology and support services to financial intermediaries and their clients, including full-service retirement plan administration, wealth management, brokerage, advisory, and trust and custody solutions for over four decades.

NewEdge Capital Group provides best-in-class technology-enabled solutions and support services to financial advisors and their clients. Comprised of NewEdge Wealth, NewEdge Advisors, and NewEdge Securities, they have over $30 billion in client assets and support over 300 financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts.

What We Offer:

Compensation will be comprised of a base salary and an opportunity to qualify for bonus(es) or commissions. EdgeCo Holdings benefit package includes health, dental, vision, short-term disability, long-term disability, life insurance, PTO and 401(k) match (after applicable waiting periods).

Applications will be accepted on an ongoing basis.

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