Dividends Analyst



Red Bank, NJ, USA
Posted on Thursday, January 18, 2024

About Altruist

Altruist is a fast growing fintech company that's transforming the financial advice industry. Our mission is to make financial advice better, more affordable, and accessible to everyone. We’re a modern custodian built exclusively for registered investment advisors (RIAs). As we disrupt legacy custodians and revolutionize the $100T RIA market, we're seeking exceptional individuals to join our team. If you embody our core values of kindness, brilliance, and grit, and are passionate about making a meaningful impact, we want to hear from you!

About the position

The Dividend Analyst will play a crucial role in our team by assisting in the processing and reconciling of income events, ensuring timely and accurate handling of cash dividends, dividend reinvestment, foreign tax withholding processing, and other related activities. This position requires a dedication to pushing the boundaries of legacy processes and driving innovation.

What You’ll Do

  • Reconcile all dividend, interest, and principal payments promptly and accurately.
  • Review and process dividend reinvestment trading.
  • Submit elections on ADR/foreign dividends for favorable and tax-exempt rates.
  • Process ad-hold Mutual Fund dividend reconciliation.
  • Assist with processing domestic mandatory and voluntary corporate actions from notification to reconciliation.
  • Provide operational support to the Trading and Stock Lending desk.
  • Align risk and control processes into day-to-day operations to monitor and mitigate risk.
  • Communicate with counterparties to submit and validate claims.
  • Communicate with advisors and clients regarding specific corporate action details while providing exceptional customer service.
  • Identify areas for innovation and process improvements

What You’ll Need

  • 2+ years experience in dividend, principal, and interest processing.
  • Experience processing foreign tax withholding events.
  • Proficiency in DTCC Ca Web, PBS, and Smarttrack.
  • Knowledge of FIS/Phase 3 and XSP systems.
  • Understanding cash and stock reconciliation across various account types (client, clearing, and inventory accounts).
  • Ability to comprehend complex stock record positions.
  • Familiarity with Salesforce, Jira, and Zendesk CRM tools
  • Able to adapt to frequent changes and juggle competing priorities.
  • Excellent multitasking and organizational skills.
  • Strong communication skills with the ability to convey complex issues in an easy-to-understand manner
  • Self-starter with the ability to work independently
  • - Series 7 or 99 preferred or willing to obtain within 6 months of hire.
Red Bank, NJ salary range
$59,000$86,000 USD


  • Competitive salary and stock options
  • Premium Healthcare, Dental, and Vision insurance plans
  • Generous paid parental leave
  • 401(k) savings plan with matching contributions
  • Flexible paid time off

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). A salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.