What are the responsibilities and job description for the Billing/Trading Specialist position at Magellan Financial & Insurance Services, Inc.?
Join Us at Cloud Investments as a Billing/Trading Specialist!
About Us
At Cloud Investments (cloudfinancial.com), we’re redefining financial advisory services by delivering personalized wealth management solutions that help clients achieve their financial goals. Based in Huntsville, Alabama, we pride ourselves on leveraging advanced tools and strategies to deliver unparalleled service.
Compensation: $55,000 - $75,000 Bonus Opportunities
What You’ll Do
As a Billing and Trading Specialist, you’ll manage critical billing and trading functions while supporting operational workflows for client accounts. Your responsibilities will include:
Billing Responsibilities
- Oversee monthly advisory fee billing using Black Diamond, ensuring accuracy and reconciliation with Fidelity Wealthscape and Redtail.
- Prepare and upload precise billing reports while addressing discrepancies and processing fee adjustments.
- Maintain compliance documentation and provide detailed fee information to internal teams.
Trading Responsibilities
- Execute daily trades, including portfolio rebalancing, cash generation, and proportional buys using Fidelity Wealthscape.
- Respond to trade requests and deliver detailed confirmations to advisors and clients.
- Perform block trading operations, ensuring validation, review, and accurate allocation.
- Facilitate alternative investment transactions and reinvest proceeds into portfolio models.
Operational Support
- Set up new client accounts, including model assignments and fee schedules.
- Manage cash restrictions, systematic withdrawal plans, and other account-specific needs.
- Archive account documents in compliance with firm policies using tools like Egnyte and Redtail.
What We’re Looking For
Qualifications
- Education: Bachelor’s degree in Finance, Business, or related field (preferred).
- Experience: At least 2 years in billing, trading, or operational roles within an RIA or financial services firm.
- Proficiency with Fidelity Wealthscape, Black Diamond, Redtail, Emoney, and Riskalyze.
- Advanced Excel skills with experience managing complex datasets.
Skills
- Impeccable attention to detail and strong organizational abilities.
- Excellent verbal and written communication skills.
- Ability to manage competing priorities and thrive in a fast-paced environment.
Join us and be part of a team where your expertise drives success.
Cloud Investments is an equal opportunity employer. We celebrate diversity and are committed to fostering an inclusive environment for all employees.
