Intermediary Compensation Specialist

FEDERATED HERMES, INC. Intermediary Compensation Specialist

Warrendale, Pennsylvania

Hybrid Location (office/remote)

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

• Establish and maintain fee arrangements, reporting structures and distribution instructions on the various internal/external support applications in accordance with the applicable contractual document.
• Calculate manual payments in accordance with the applicable contractual document utilizing the appropriate applications and data sources.
• Reconcile invoices to the terms reflected in the applicable contractual document utilizing the appropriate applications and data sources and ensure that variances fall within approved thresholds and that those that do not are appropriately adjusted.
• Collaborate with departmental personnel, internal business areas, vendors, and clients, as applicable, to answer questions and to research and resolve issues.
• Prepare and disseminate reporting, scheduled and ad-hoc, to the appropriate internal/external parties.
• Assess client and/or fund events, such as mergers, acquisitions, etc. to ensure applications and/or processes are adjusted as required.
• Develop, test and maintain ad-hoc support applications (such as Access databases and/or Excel spreadsheets) designed specifically to support a client’s individual fee arrangement and reporting needs.
• Collaborate with department personnel and management to propose and implement creative solutions to address operational challenges, on the development and on-going maintenance of policies, procedures and workflows and on the testing of enhancements to the support applications.

The position requires an employee to gain an in-depth knowledge of the Federated funds’ standard and supplemental compensation structures and the respective funding agents, its agreements with the intermediaries and the applications utilized to calculate, reconcile, and distribute the payments and reporting.

• Bachelor’s degree required; concentration in Accounting, Finance, Mathematics or a related business field preferred
• 3 years of business experience providing operational support including accounts payable functions preferred
• Mutual fund/financial service experience and/or knowledge preferred
• Proficiency with the Microsoft Office applications; advanced Excel skills preferred

• 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.

We are interested in every qualified candidate who is 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 take affirmative action to ensure that minorities, females, veterans, and qualified people with disabilities are considered for employment and promotional opportunities.