Financial Analyst Intermediary Compensation

Federated Hermes Career Opportunity #9395

Warrendale, Pennsylvania

Hybrid Location (office/remote)

Federated Hermes, Inc., a global leader in active, responsible investing, is seeking a Financial Analyst Intermediary Compensation to join our Intermediary Compensation department based at our Warrendale, Pennsylvania office.

What You’ll Do

As a Financial Analyst Intermediary Compensation, you will be responsible for forecasting trailer expenses and compiling/analyzing trailer payment data for Federated Hermes and the Funds and for compiling/analyzing trailer payment data to be reported to the Funds’ Board of Directors as well as internal and external customers.

Accruals/Projections/Analysis

• Compute trailer expense projections for Federated Hermes and the Funds by integrating actual and anticipated payment data into the calculation.
• Analyze trailer payments to determine the cause of variations from prior distribution cycles and recommend/apply adjustments to future projections.
• Collaborate with internal business areas to ensure that applicable expense accruals are kept current and accurate, to ensure resolution of problems and respond questions/inquires as well as enhance projection/analysis workflows and reporting.
• Assess client and fund events to ensure inclusion in expense projections.
• Anticipate trends that may impact the accuracy of expense projections and adjust as necessary.
• Determine the appropriate attributes and data structures required to support the calculation and analysis of expenses/accruals.
• Document all information sources, assumptions, and analytics utilized in the production of the analysis and assess data accuracy.

Reporting

• Compile, validate, and distribute trailer expense projection and analysis as well as payment reporting.
• Compile and disseminate trailer payment data for inclusion in reporting to the Funds’ and Federated Investors Trust Company’s Board of Directors.
• Compile and disseminate reporting summarizing payments resulting from retroactive agreements and operational errors as applicable.

Support Application & Maintenance

• Develop and maintain support applications to be used in the calculation, analysis and reporting of corporate/fund/trailer expenses.
• Establish and maintain processes, reporting mechanisms and workflows and ensure the integrity of the data produced from the applications.
• Document all information sources, assumptions, and analytics used in the development and maintenance of applications.

Additional Responsibilities

• Serve as a technical experience for the department and assist staff in understanding internal and external development as they may impact workflows.
• Recommend business and systems changes to management that will improve operations, reduce costs, and risk exposure.
• Manager projects that specifically impact financial analysis activities for the department.
• Evaluate the preparation of invoices for reconciliation.

The Expertise We are Looking For

• Associate’s degree required; Bachelor degree in accounting/finance or mathematics preferred.
• 3 years of business experience in back/middle office operational support experience required.
• Financial Analysis and reporting experience preferred.
• Accounts payable experience preferred.
• Advanced working knowledge of the Microsoft Excel (V-Lookups, pivot tables and if statements).
• Knowledge of the mutual fund industry preferred.

Our Investment in You

We believe our employees are our most important asset! Therefore, we offer benefits programs designed to help you and your family thrive, training programs to advance your professional development and opportunities for you to give back to the community. Our offerings include:

• A competitive total compensation package, including bonus programs designed to recognize and incentivize our employees to do their best every day.
• Time off programs including paid vacation, parental leave and a volunteer day to help you stay healthy and connected to the things that are important.
• Opportunities to expand your professional network within the firm and the community through participation in programs such as the Women in Investing Employee Resource Business Group and the University Ambassador Program.

About Federated Hermes

At Federated Hermes, our goals are to help individuals invest and retire better, to help our clients achieve better risk-adjusted returns, and to contribute to the positive outcomes in the wider world. We pledge to always putting our clients first and to acting responsibly and transparently. Our commitment to active, responsible investment has enabled us to become a leading investment manager with $871.2 billion in assets under management; serving investors around the world. 

We provide career opportunities that enable our employees to grow and meet their career aspirations while balancing the needs of their personal lives. We offer a collaborative environment that promotes doing things the right way and always with integrity, sharing ideas to drive positive change, and following through on our commitments. We are motivated by a higher purpose and always consider the impact of our work. We promote teamwork and foster a diverse, inclusive and respectful workplace where unique perspectives, ideas and experiences are recognized and appreciated for the contributions they bring. 

For consideration, please visit our company website and reference job #9395

For additional information, please visit FederatedHermes.com

Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.

Only those candidates in whom we have an interest will be contacted.

We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.

EOE – Including Disability / Vets

Federated Hermes is committed to providing equal employment opportunities in all aspects of employment to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex, pregnancy, sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any local, state or federal law applicable to Federated Hermes. As part of the firm’s equal employment opportunity statement, Federated Hermes will also comply with applicable government contractor obligations, including ensuring veterans and qualified people with disabilities are considered for employment and promotional opportunities consistent with current federal, state and local laws and regulations.

About Federated Hermes

For more than 60 years, Federated Hermes has provided world-class investment solutions to financial professionals in the United States and around the world. Federated Hermes' employees have defined the qualities of the company’s success over the decades: a reputation for integrity and excellence, a commitment to customers and employees and a history of longstanding client relationships. While each market cycle brings new opportunities and challenges to the company, Federated Hermes continues to foster employee commitment to excellence in the investment management industry.

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