Brokerage Operations & Trading Associate-Ameritas Life Insurance

Job Description

Job Title: Brokerage Operations & Trading Associate

Company: Ameritas Life Insurance

Location: Greenhills, OH

Pay: $32.98 per hour

AI Pay Analysis: The hourly rate of $32.98 for a “Brokerage Operations & Trading Associate” in Greenhills, OH, appears to be competitive but slightly below the national average for similar roles. According to various salary data sources, such positions typically command hourly rates ranging from $35 to $45, depending on experience and specific responsibilities. While this figure might be influenced by local cost of living factors and the overall market demand in Ohio, it would be essential for job seekers to consider benefits, career growth potential, and overall compensation packages when evaluating this opportunity. Therefore, potential candidates might find this rate somewhat less attractive when compared to industry standards.

Job description:
Execute trades on behalf of registered representatives while establishing and maintaining accounts and transactions that are directed to our partner clearing firms, specifically National Financial Services and Schwab Advisory Services. In this role, you will be responsible for executing, balancing, and servicing transactions for registered representatives of Ameritas Investment Company, LLC. This position involves handling a diverse array of security transactions and investment vehicles, ensuring their proper execution and settlement within brokerage accounts. It is essential to communicate any deficiencies concerning account payments, securities deliveries, or document requirements to prevent violations of applicable regulations. You will primarily oversee the execution and approval of securities transactions for AIC clients, assist registered representatives in comprehending AIC policies and procedures, and be committed to delivering outstanding customer service.

This is a hybrid role that requires you to work partially in-office (Cincinnati, OH or Lincoln, NE) and partially from home.

Key Responsibilities:
– Perform timely and accurate entry and execution of all transactions processed through the broker/dealer. This includes a range of products such as equities, mutual funds (both open and closed-ended), options, unit investment trusts, and precious metals, along with primary and secondary fixed income securities transactions.
– Facilitate daily processing of money movement transactions in brokerage/investment advisory accounts and manage the review and release of orders placed by registered representatives and clients that may incur various rule violations.
– Ensure compliance with service standards, deadlines, and a broad scope of regulations, including policies, NASD/NYSE, FINRA, SEC, and other legislative mandates.
– Verify client or advisor identities in accordance with regulatory requirements.
– Conduct regular reviews of a representative sampling of filled orders to confirm best execution of prices.
– Communicate with registered representatives regarding any deficiencies in account payments, securities delivery, and paperwork to avert rule violations.
– Operate within the remit of deadlines and regulations established by AIC, the relevant clearing firms, and regulatory bodies.
– Utilize software programs, internet applications, and databases necessary to fulfill work responsibilities.
– Collaborate with Registered Representatives to obtain all required documentation and legal items.
– Serve as a liaison between registered representatives and external firms.
– Follow up with relevant departments or companies to ensure that corrections are made accurately and that AIC instructions are followed.
– Provide courteous customer service and effective communication to registered representatives, clients, clearing firm associates, representatives of mutual fund families and insurance companies, regulatory personnel, and Ameritas associates.

Qualifications:
– Required FINRA series 7 and 63 licenses.
– Preferred two or more years of relevant financial services industry experience.
– Required knowledge of applicable regulatory and legislative requirements.
– Additional desired licenses include 24 and 66.
– Experience with National Financial Services (NFS) or Schwab platforms is preferred.

What We Offer:
We provide a meaningful mission, excellent benefits, and a vibrant culture. Ameritas is a provider of insurance, financial services, and employee benefits, dedicated to fulfilling life’s needs by helping individuals from all walks of life make the most of every stage of life.

At Ameritas, you will encounter stimulating work challenges and the opportunity for flexible hybrid work arrangements. We value time for family and community engagement, and our benefits package encompasses both expected and unexpected offerings:

For financial well-being:
– 401(k) Retirement Plan with company matching and quarterly contributions
– Tuition Reimbursement and Assistance
– Incentive Program Bonuses
– Competitive salary

For time management and quality of life:
– Flexible hybrid work structure
– Thrive Days for personal time off
– Paid time off (PTO)

For health and wellness:
– Comprehensive health benefits including Medical, Dental, and Vision
– Health Savings Account (HSA) with employer contributions
– Well-being programs with financial rewards
– Employee Assistance Program (EAP)

For professional development:
– Professional and leadership development programs
– Employee resource groups
– StrengthsFinder Program

For community engagement:
– Matching donations program
– Paid time for volunteer activities – 8 hours per month

For family support:
– Generous paid maternity and paternity leave
– Assistance with fertility, surrogacy, and adoption
– Backup childcare, eldercare, and pet care support

Ameritas is committed to fostering an inclusive culture and a diverse workplace. We are an Equal Opportunity/Affirmative Action Employer that values qualifications, positive attitudes, and strong work ethics without discrimination based on sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity, or any other legally protected characteristic.

The posted pay range reflects a nationwide minimum to maximum applicable across potential locations for this position. Final pay determinations will consider multiple factors, including job responsibilities, career level, work location, skill set, and candidate experience to ensure equitable compensation practices. This position will also be eligible for our comprehensive benefits package as detailed above, as well as participation in our Short-Term Incentive Plan with targets defined by the plan.

Ameritas is committed to pay transparency as part of our fair and accountable work environment, and sharing pay ranges for all job postings reinforces our dedication to equitable compensation practices.

Job Posting Date: Fri, 20 Dec 2024 08:51:14 GMT

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