Financial Analyst (LA, New Orleans)

February 14, 2024

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. Financial Analyst will report directly to the Managing Director – Operations. The position will be ideally be in New Orleans, LA.

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 inquries and requests. 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.

 

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 Managing Director of Operations 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, advisory adjustments, custodial reimbursements, accounts receiveable and accounts payable.
Develop, maintain and monitor business performance metrics, KPI dashboards, etc.
Maintain 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.

 

 

 

 

 

 

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