Mutual Fund Billing and Relationship Associate



Customer Service
Dallas, TX, USA
Posted on Tuesday, April 9, 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

Altruist is entering an exciting phase, and we're looking for a Mutual Fund Billing & Relationship Associate to join our clearing operations team.

What you’ll do

  • Serve as the primary point of contact for all mutual fund complexes as relates to the Altruist platform.
  • Request and negotiate dealer, servicing, and fee agreements with various mutual fund complexes.
  • Manage the execution process for all negotiated mutual fund agreements.
  • Catalog all agreement terms and conditions.
  • Maintain a repository of all current agreements as well as previous iterations.
  • Maintain a centralized mutual fund product database, including various identifiers and multiple fund attributes.
  • Ensure data accuracy, consistency, and completeness across various systems and databases.
  • Monitor and announce corporate actions (e.g., name changes, fund liquidations, mergers).
  • Ensure the mutual fund product database accurately reflects corporate actions and correct data.
  • Perform regular audits and validations to ensure the mutual fund product database aligns with the latest industry data.
  • Work closely with other departments, such as trading, compliance, and risk management, to integrate security master data into their respective systems.

What you’ll bring

  • Bachelor's degree in Finance, Business, or a related field.
  • 5 years of experience in a similar role within the financial services industry.
  • Solid understanding of mutual fund distribution models including the clearing broker-dealer and RIAs.
  • Proficiency in using security master systems and related technologies.
  • Strong analytical and problem-solving skills.
  • Excellent attention to detail and organizational abilities.
  • Effective communication and collaboration skills.
  • FINRA Series 7, or 99
Dallas, TX salary range
$79,000$107,000 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.