Intermediary Compensation Specialist

• JOB OPENING #: 9698

POSITION TITLE: INTERMEDIARY COMPENSATION SPECIALIST

DEPARTMENT: INTERMEDIARY COMPENSATION

• POSITION SPECIFICATIONS:
• 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

MAJOR DUTIES:

• 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.
• On the testing of enhancements to the support applications

HOURS/LOCATION:

• 8:30 a.m. - 5:00 p.m. (overtime as required, flexible start time available)
• Hybrid schedule (in-office / remote)
• Warrendale Location - Warrendale, PA 15086

EXPLANATORY COMMENTS:

• Demonstrates ability to work independently with limited direction and supervision and to work cooperatively as a member of a team.
• Demonstrates sound decision making, problem solving, analytical and organizational skills with particular attention given to detail and accuracy
• Possesses effective interpersonal and communication skills
• Demonstrates ability to manage multiple tasks, in different phases of completion, simultaneously and successfully to adapt to changing priorities
• COMMENCEMENT DATE: 04/30/2026

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.

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