Asset Onboarding Specialist

$40,102 - $60,154/Yr

Pacific Premier Bank - Denver, CO

Full-time - Entry Level

Denver, CO

Credit Intermediation and Related Activities

About the position

The Asset Onboarding Specialist at Pacific Premier Bank is primarily responsible for analyzing and processing onboarding activities related to private equity and real estate. This role focuses on a specific security type, either Private Equity or Real Estate, with the aim of developing expertise across all security types to better support the team. The team is dedicated to providing risk analysis to determine the acceptability of assets for custody by PP Trust, ensuring compliance with IRS guidelines, regulations, and internal policies and procedures. The overarching goal is to facilitate compliant, accurate, and timely investment transactions for clients. In this position, effective communication with clients, authorized third parties, and asset sponsors is crucial for resolving discrepancies and following up on requests. The specialist must adhere strictly to trust regulations and security standards, including the customer identification program, the Gramm-Leach-Bliley Act, the Bank Secrecy Act, the Internal Revenue Code, and other applicable banking and trust regulations set forth by the IRS and various regulatory agencies. The role involves handling routine work and requires a keen attention to detail to ensure all processes are followed accurately.

Responsibilities

• Process cash and securities transactions in the trust accounting system related to private equity and real estate position onboarding.
• Ensure all transactions are processed accurately and according to the relevant documentation.
• Ensure all documentation related to the transaction is appropriately archived and noted in Salesforce.
• Review relevant documentation for private equity, real estate, and private debt investments.
• Complete risk analysis to determine if the assets are acceptable for PP Trust to custody (inclusive of IRS guidelines, regulations, and internal policies/procedures).
• Proactively communicate with clients via phone to advise them of the status of their request.
• Quickly remediate any issues or concerns arising from the client contact.
• Ensure all procedures related to client contact are adhered to.
• Under the guidance of senior team members, assist in processing activities related to institutional client conversions and deconversions.
• Under the guidance of senior team members, develop an understanding of processing activities across multiple security types (private equity and real estate).
• Other duties as assigned.

Requirements

• Demonstrated data entry skills required.
• 0-1 year Financial Services experience required.

Benefits

• Health insurance
• Discretionary bonus and/or business line incentive may be provided, in addition to medical and other benefits.