Dividend & Reorganization Associate - Falls

D.A. Davidson Companies is an independent, employee-owned company with a rich history spanning 90 years. We are dedicated to conducting our business in accordance with the highest standards of integrity and ethics, and delivering outstanding service to our clients and each other. We support a friendly, open and supportive culture, and encourage candid communication and productive engagement that make our companies and each of us better.

Just as we work to improve our clients’ financial well-being, we also work to strengthen local communities—and giving back is one of our core values. You can learn more about our company culture and impact in our latest annual report.

The Dividend and Reorganization Associate identifies newly announced mandatory and voluntary corporate events that may influence the position of current client stock records, notifies the appropriate Financial Advisors (FAs), tracks responses and processes the stock and/or funds according to the individual elections received for each reorg event. The associate also ensures accurate payment activity is maintained within each customer account by accurately posting, reviewing and validating entries for multiple payment and security types;

balances various reconciliation reports, responds to branch inquiries and resolves departmental processing issues

• High School diploma or equivalent.
• Ability to effectively operate a computer.
• Strong computer skills related specifically to Microsoft Outlook, Word and Excel.
• Strong organizational skills and attention to detail.
• Familiar with department policies and procedures.
• Strong communications skills, verbal and written.
• Strong customer service skills.
• Ability to troubleshoot and resolve problems independently.
• Strong math and general accounting skills a plus.
• Follow policies and procedures. Maintain client confidentiality.
• Communicate in a clear and service oriented manner. Use appropriate, professional language and grammar to effectively exchange ideas and information.
• Ability to proactively work with both external and internal clients. Relate with others in a professional manner in order to accomplish work responsibilities and objectives.
• Ability to maintain regular, predictable attendance.

• Compute, validate, and post payments to client accounts
• Review stock records and reports to determine customer’s stock ownership on record date
• Validate and process security payments on payable date to holders of record
• Verify total shares owned by customers and compute dividends due
• Review customer accounts to validate security payments are processed according to instructions
• Resolve dividend related problems with customer accounts
• Research and respond to inquiries received from branch personnel
• Process bond calls
• Code accounts related to ACH or dividend check instructions
• Reconcile the daily DTC settlement report
• Verify the accuracy of record date reports
• Reconcile the Bank of New York settlement report
• Adjust record date positions to ensure the holder lists are accurate on payable date
• Review Beta CLED accounts to reconcile daily payments
• Maintain Dividend Reinvestment processes for UITs and equities
• Establish and maintain ACH/DIV Check payment instructions for clients
• Complete any other responsibilities assigned by department supervisor or management
• Identify newly announced mandatory and voluntary corporate events that may have an effect on current client stock records and process according to the individual elections received for each reorg event.
• Process cash and stock entries to client accounts according to the terms of each reorg event.
• Reconcile the daily DTC settlement.
• Create notifications for FAs to access, review and make elections through Beta Link for their clients that have…