POSITION TITLE: Intermediary Compensation Operations Administrator
DEPARTMENT: Intermediary Compensation
- POSITION SPECIFICATIONS:
- Bachelors degree required; degree in Business, Accounting, Finance, or a related field preferred.
- Minimum 5 years of business operations experience required.
- Proficiency in Microsoft Office applications required.
- Knowledge of intermediary operations and financial services systems, such as TA 2000 (DST), MARS, Salesforce, or similar applications, preferred.
- Experience analyzing and interpreting information from multiple sources, such as systems, contracts, policies, procedures, and business requirements, to support operational decision-making and issue resolution.
- Strong track record of maintaining accuracy and quality in operational processes while adhering to established controls and mitigating operational risk.
- Proven ability to independently manage multiple priorities while meeting deadlines in a fast-paced environment.
- Experience coordinating projects preferred.
MAJOR DUTIES:
- Review and interpret agreements with financial intermediaries, including broker-dealers, banks, retirement platforms, and other distribution partners, to ensure compensation terms can be accurately administered and supported operationally.
- Analyze proposed compensation arrangements to determine support methodology, resource requirements, and risk exposure; prepare related reports to assist with decision making.
- Establish and maintain intermediary compensation arrangements within company systems in accordance with their contract terms.
- Execute and coordinate the monthly automated process for calculating and distributing compensation Federated Hermes domestic funds.
- Collaborate with internal teams including client services, finance and accounting, and legal operations, as well as vendors, to support payment activities, resolve issues, and respond to inquiries.
- Assess business initiatives and product changes affecting compensation, determining system and operational impacts and recommending appropriate risk mitigation strategies.
- Coordinate departmental projects and activities related to internal and external audits, business continuity, procedure reviews, and tax reporting.
- Serve as a technical expert by maintaining knowledge of Federated Hermes and vendor systems, as well as departmental procedures.
- Identify opportunities to enhance processes, improve service quality, strengthen controls, and reduce operational risk through business and system improvements.
HOURS/LOCATION:
- 8:30 a.m. - 5:00 p.m. (overtime as required)
- Warrendale Location - Warrendale, PA 15086
- Hybrid work arrangement (office/remote)
EXPLANATORY COMMENTS:
- Demonstrates initiative, accountability, and ownership of assigned responsibilities and processes.
- Exercises sound judgment and professionalism when addressing complex operational issues and stakeholder concerns.
- Builds productive working relationships through collaboration, diplomacy, and effective communication.
- Adapts effectively to changing business needs and priorities while maintaining a high standard of quality.
- Approaches challenges with a continuous improvement mindset and identifies opportunities to enhance processes and controls.
- COMMENCEMENT DATE: 10/14/2026
The firm does not sponsor employment visas
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. Federated Hermes will also make reasonable accommodations for the religious practices or beliefs of applicants and employees, as well as for mental health or physical disability needs.
To review Federated Hermes' California Privacy Notice go to https://www.federatedinvestors.com/corporate/careers.do and select CA Applicant Notice.