Rebalancing Specialist



Dallas, TX, USA
Posted on Thursday, May 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 Rebalancing Specialist to join our Rebalancer team within our Investment Product Group!

What you’ll do

  • Validate daily delivery, processing, and loading of data required for rebalancing
  • Coordinate with Operations team to document and perform daily preflight checks, ensure accuracy and timeliness of automated rebalancing
  • Monitor progress of automated rebalancing from ingestion of trade proposals to allocation of executed orders
  • Analyze and monitor performance of the rebalancer on an ongoing basis, identifies and characterizes trends that impact client outcomes for better or worse
  • Provide feedback and input to Product, Design, and Engineering teams during the product development process
  • Provide one-off / custom reports and analyses for financial advisors
  • Work with the Investment Solutions team to implement managed transitions for high-touch advisors
  • Implement pilot programs and special accommodations within the rebalancer
  • Liaise with the Customer Success, Market Data, and Compliance teams to investigate issues and work closely with engineering to find solutions.

What you’ll bring

  • 3+ years experience working in the finance industry, preferably in an operational capacity
  • Background in optimization and core portfolio rebalancing concepts (tax management, dispersion management, rebalancing methodologies)
  • Experience working with one or more commercial optimization-based trading solutions
  • Experience with financial data – positions, prices, cost basis
  • Familiarity with data pipeline workflows
  • Familiarity with securities trading and corporate actions
  • Proficiency with data analysis and SQL
  • Affinity for a fast-paced, early-stage environment
Dallas, TX salary range
$147,000$192,000 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.