Business Spec Non Act 40 Funds

JOB OPENING #:     9752

POSITION TITLE:     Business Specialist Non ACT 40 Funds

DEPARTMENT:         Client Services - Relationship Management

POSITION SPECIFICATIONS:

• Bachelor degree or comparable experience required; Degree in Business, Accounting or a related field preferred.
• Minimum 1 year of business experience required; 3+ years of business experience preferred.
• General knowledge of the mutual fund industry preferred.
• Proficiency in Microsoft Excel required; Advanced proficiency preferred.
• Familiarity with databases for reporting, analysis, and data management preferred.
• Familiarity with data reconciliation and data analysis required.
• Experience identifying process improvements, workflow efficiencies, and automation opportunities preferred.

MAJOR DUTIES:

• Perform ongoing monitoring, reconciliation, and reporting for Non-40 Act Funds, including account activity, operational processes, and service components.
• Respond to inquiries from intermediaries, transfer agents, clients, and internal business partners, and resolve account-related issues and exceptions.
• Track and process 12-Month Notices and waiver requests for Capital Preservation Fund accounts.
• Import, reconcile, validate, and maintain data from internal and external sources.
• Analyze client and operational data to identify missing information, ineligible investors, discrepancies, and potential compliance or operational risks.
• Prepare standard and ad hoc reports, statistical analyses, presentations, and other reporting for management, boards, regulatory stakeholders, and key business partners.
• Interpret fund disclosure documents, contracts, and operational requirements to support daily business activities.
• Support system upgrades, enhancements, testing activities, and issue resolution efforts.
• Identify opportunities for automation, process improvements, workflow efficiencies, and risk mitigation.
• Perform additional duties and special projects as assigned.

HOURS/LOCATION:  

• 8:30 a.m. - 5:00 p.m. (overtime as required)
• Warrendale Location – Warrendale, PA 15086
• Hybrid work arrangement

EXPLANATORY COMMENTS:

• Strong written and verbal communication skills, with the ability to collaborate effectively across teams.
• Ability to work independently, manage multiple priorities, and meet deadlines.
• Strong analytical, problem-solving, decision-making, and organizational skills.
• Strong attention to detail with a focus on accuracy and risk awareness.
• Demonstrated professionalism, adaptability, and flexibility in a changing business environment.

COMMENCEMENT DATE:  08/10/2026

We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor 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.