Mutual Fund Operations Analyst



IT, Operations
Dallas, TX, USA
Posted on Thursday, June 20, 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 Operations Analyst to join our Mutual Funds team. In this role, you will play a pivotal role in ensuring the smooth functioning of our mutual fund operations. You will be responsible for performing and optimizing the operational processes related to mutual fund transactions, including but not limited to trade processing, reconciliation, dividends, trade corrections, reporting, and transfers. The successful candidate will process various mutual fund transactions, coordinate action with multiple stakeholders, and research and resolve any imbalances. Additionally, the Mutual Fund Operations role contributes to best-in-class customer servicing and the frictionless functioning of the larger mutual fund process.

What you’ll do

  • Reconciliation: Perform reconciliation of all mutual fund settlement functions. Research and work to resolve all mutual fund breaks identified by Reconciliations timely and accurately.
  • Transaction Processing: Process mutual fund transactions timely and accurately, ensuring compliance with regulatory requirements and internal policies. Identify, research, resolve, and communicate issues related to order status and trade rejects.
  • Support: Respond to advisor inquiries on various mutual fund transactions with best-in-class customer service.
  • Process Optimization: Continuously review and enhance operational processes related to mutual fund operations, identifying opportunities for automation, efficiency realization, and risk mitigation.
  • Risk Management: Ensure data accuracy, consistency, and completeness across various systems and databases.
  • Collaboration: Collaborate and work closely with cross-functional teams, including trading, compliance, product, and technology, as well as coordinate with fund companies and external vendors.
  • Additional Responsibilities:
    • Report on all reconciliation status and volumes periodically to leadership.
    • Triage and participate in larger-scale issues related to mutual fund processing.
    • Participate in audits and other related project work as applicable.

What you’ll bring

  • Bachelor's degree in Finance, Business, or a related field.
  • 1-3 years of experience in a similar role within the financial services industry.
  • Experience with mutual fund distribution models including the clearing broker-dealer and RIAs.
  • Proficiency in using brokerage systems and related technologies.
  • Experience with spreadsheet Lookup and Pivot Table functionality.
  • Strong analytical and problem-solving skills.
  • Excellent attention to detail and organizational abilities.
  • Effective communication and collaboration skills.
  • FINRA Series 7, or 99, or willingness to obtain within 6 months of start.
  • Experience with data analysis and reporting including writing basic SQL queries and familiarity with BI tools such as Tableau and Power BI preferred.
Dallas, TX 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.