Overlay Services Operations Specialist

Solutions Full-Time Berwyn, Pennsylvania ReqID:5912


Envestnet is seeking a passionate and talented Overlay Services Operations Specialist to join our Wealth Solutions team. This position is expected to report to our Berwyn, PA office.

Envestnet is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone.

Since our founding 20 years ago, we are fully vested in helping people live an intelligent financial life. If you love the idea of working in a Fintech company with the environment and excitement of a start-up where you are making everyday impact - then read on.

Job Summary:

PMC’s Overlay Services Operations Specialists are critical in supporting and growing Overlay Services.  They will interact directly with external advisors, Overlay Services Specialist, as well as our Overlay Services Portfolio Administration Specialists and others within the Envestnet organization.

They will be responsible for the operational support for accounts, which have elected Overlay Services.  This will include new account set up, Not In Good Order resolution and other maintenance requests.  They will be cross-trained with other members of the Overlay team to provide support.

Job Responsibilities:

  • Operational responsibilities for new Overlay Services accounts.
  • Strong verbal and written communication.
  • Communicate the value proposition of Overlay Services.
  • Collaborate within the Envestnet organization for opportunities for Overlay Services. 
  • Support advisors who are bringing in new Overlay Services accounts.  This could include analyzing new accounts that are choosing various Impact screens, or working with advisors to analyze the tax consequences of a client’s existing portfolio under various tax budget scenarios.   Utilizing PMC’s Portfolio Asset Transition
  • Summary(PATS).
  • Work with advisors to resolve issues with accounts that are not yet in good order to invest with an Overlay Services mandate.  Issues may include but are not limited to: unrealistic tax budgets, inadequate funding, inadequate exposure to equity SMA sleeves, unrealistic number of Impact screens, etc.
  • Coordinate account level problem resolution prior to accounts reaching the Overlay Services Portfolio Administration Specialist team.
  • Assist advisors by answering questions and providing updated information regarding existing accounts with Overlay Services.
  • Support the growth efforts of Overlay Services by working with internal partners.
  • Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing as requested. 
  • As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk.

Required Qualifications: 

  • Bachelor’s degree in business, finance, or related field of study.
  • Minimum of 1-3 years of experience in the investment management or investment consulting industry.
  • Knowledge of the Financial Services Industry.
  • Understanding of investment products including Separately Managed Accounts, Mutual Funds and ETFs.
  • Effective and concise communicator, both verbal and written. 
  • Understanding of tax implication of investments.
  • Understanding of Impact Investing.  
  • Thoughtful decision maker with the ability to implement solutions based on a thorough knowledge of the client situation. 
  • Commitment to provide positive client experience and reinforce the firm’s image as a sophisticated investment solutions provider.
  • Highly organized with a strong attention to detail.
  • Possess ability to prioritize and maintain multiple client request.

About Us:

Envestnet is a leading independent provider of technology‐enabled investment and practice management solutions to financial advisors who are independent, as well as those who are associated with small or mid‐sized financial advisory firms and larger financial institutions. Envestnet's technology is focused on addressing financial advisors' front, middle, and back‐office needs while leveraging our platform to grow their businesses and expand client relationships.

We offer a highly competitive compensation and benefits package as well as the excitement, challenges, and rewards of a fast-growing, entrepreneurial company.

Why Choose Envestnet:

  • Be a member of a leading financial services and products innovation company
  • Competitive Compensation/Total Reward Packages that include:
    • Health Benefits (Health/Dental/Vision)
    • Paid Time Off (PTO) & Volunteer Time Off (VTO)
    • 401K – Company Match
    • Annual Bonus Incentives
    • Parental Stipend
    • Tuition Reimbursement
    • Student Debt Program
    • Charitable Match
    • Wellness Program
  • Work on global projects with diverse, energetic, team members who respect each other and celebrate differences.

Envestnet is an Equal Opportunity Employer.

Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV).