About Working at CommerceÂ
Building a career here is more than just steps on a ladder. Itâs about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesnât stop there. Our culture is about our people, the ones in our communities and the ones that work with us. Â
Here, youâll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. Youâll have the space and resources to grow into the best version of yourself. Because our number one investment is you.
Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and letâs talk.Â
Compensation Range
Hourly: $21.40 - $24.50 (Amount based on relevant experience, skills, and competencies.)About This Job
The main purpose of this job is to monitor and process industry Mandatory and Voluntary Corporate Action events as well as, calculating and processing Amortization and Accretion and monitoring Proxy activity, while ensuring timely and accurate posting for events within the Commerce Trust Company client accounts.
Work Schedule
Monday - Friday: 7:30 AM - 4:30 PM
Essential Functions
Perform complex taxation calculations on Corporate Action events to ensure cost basis and transactional accuracy
Monitor Proxy notices and assist internal partners on client account voting discrepancies as needed
Track and process Voluntary and Mandatory Corporate Action related activities. This includes considerable oversight on pending events to ensure client proceeds and records are updated timely and accurately.
Process Calls and Distributions related to Alternative Asset positions
Monitor, research, and resolve out of balances appearing on related reconciliation reports
Identify and mitigate liability risks associated with corporate actions and alternative asset activities, ensuring accurate balancing and posting across all event types Identify opportunities for process improvement and process efficiencies
Perform other duties as assigned
Knowledge, Skills & Abilities
Intermediate knowledge of Traded Security Types and the impact various event types have on other aspects of security processing
Strong analytical skills with ability to solve issues.
Strong customer service skills
Ability to think with a growth mindset and recommend ways to streamline processes for efficiency.
Motivated and organized initiative-taker with strong attention to detail and the ability to manage multiple priorities.
Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that aligns with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook
Education & Experience
Associateâs degree or equivalent combination of education and experience required
2+ years of Financial Services Industry related experience with securities knowledge required
Knowledge of Alternative Assets preferred
***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Corporate Actions Specialist - Wealth Operations job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $21.40 to $24.50 per hour.
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The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.
Location: 922 Walnut St, Kansas City, Missouri 64106Time Type:
Full timecommercebank