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Associate Financial Rep Jobs in New York (NOW HIRING)

As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and ...

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Associate Financial Rep information

What is an associate financial rep?

Associate Financial Representatives are entry-level professionals who support financial advisors and clients in a variety of administrative and customer service tasks. Their duties often include preparing financial documents, managing client records, scheduling appointments, and responding to client inquiries. They help ensure that the office runs smoothly and assist in the delivery of financial services. This role is typically a stepping stone to becoming a full-fledged financial advisor, offering exposure to the financial planning industry and valuable on-the-job training.

What are some common challenges faced by an associate financial rep during their first year on the job?

New Associate Financial Representatives often encounter challenges such as building a client base from the ground up, mastering complex financial products, and balancing administrative duties with client-facing activities. Learning to manage time effectively while prospecting, conducting meetings, and staying current with industry regulations can feel overwhelming at first. However, most firms provide mentorship, training, and support from more experienced team members to help new associates overcome these hurdles and develop strong professional skills.

What are the key skills and qualifications needed to thrive as an associate financial rep, and why are they important?

To thrive as an Associate Financial Representative, you need a solid grasp of financial concepts, attention to detail, and a bachelor's degree in finance, business, or a related field. Familiarity with financial planning software, CRM systems, and relevant certifications such as FINRA Series 6 or 7 is often required. Strong interpersonal skills, active listening, and professionalism help build trust and rapport with clients. These skills are crucial for delivering accurate financial advice, maintaining regulatory compliance, and fostering long-term client relationships.

What is the difference between Associate Financial Rep vs Financial Advisor?

AspectAssociate Financial RepFinancial Advisor
CredentialsSeries 6 or 7, possibly some state licensesSeries 7, 66, or 65, CFP certification often preferred
Work EnvironmentSupport role in financial firms, assisting senior repsClient-facing, providing personalized financial planning
Employer & Industry UsageUsed in brokerage firms, banks, and financial institutionsUsed across independent firms, banks, and advisory practices

The Associate Financial Rep typically supports senior financial professionals, focusing on client service and administrative tasks, while a Financial Advisor directly manages client portfolios and offers comprehensive financial planning. The roles differ mainly in responsibility level and client interaction, but they share similar licensing requirements and industry environments.

How much does an associate financial representative make?

An associate financial representative typically earns between $40,000 and $60,000 annually, with additional compensation from commissions and bonuses based on performance. Entry-level positions may start lower, while experienced reps with certifications can earn more. The role often requires strong communication skills and knowledge of financial products.

What cities in New York are hiring for Associate Financial Rep jobs?

Cities in New York with the most Associate Financial Rep job openings:

Senior Associate, Financial Instruments & Technology

Kroll

New York, NY • Hybrid

$100K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 10 days ago


Kroll rating

7.4

Company rating: 7.4 out of 10

Based on 7 frontline employees who took The Breakroom Quiz


Job description

Kroll's Financial Instruments and Technology practice is a leading valuation and advisory solutions provider for range of clientele, which includes asset managers, hedge funds, fund administrators, banks, insurers, private equity firms, and investment firms. Our professionals have the opportunity to work on a wide range of valuation and advisory projects, covering a spectrum of financial instruments, which include structured products, portfolios of whole loans, alternative investments, private equity, esoteric assets and more. 

Day-to-day responsibilities: 

  • Performing valuation analysis on a wide range of investments broadly distributed across industries and geographies while using accepted and relevant approaches and theory

  • Developing deep technical strength in the valuation of a wide variety of asset classes, valuation theory, methodologies, applications, and fundamentals of constructing and reviewing valuation models and other financial models, and the financial theory underlying the models, including using DCF & market approaches, Monte-Carlo, and other bespoke approaches

  • Reviewing investment memoranda, governing documents of structured investments, management presentations, data tapes and client models

  • Assisting team with interviewing clients, including preparing information request lists, participating in face-to-face meetings, gathering data and information pertinent to the engagement

  • Working with management with building and maintaining client relationships

  • Reporting and presenting analyses and conclusions including written reports, including assisting in the presentation of work products and conclusions internally to clients

  • Attending relevant industry events to broaden your knowledge and experience within the alternative asset industry 

Essential traits: 

  • Experience with credit analysis, structured securities, and whole loan valuations: RMBS, CMBS, ABS, etc., Intex, Bloomberg, Andrew Davidson & Co., other tools

  • Bachelor's or master's degree in finance, Accounting, mathematics, statistics or Economics or MBA

  • Minimum 2 years of constructing and reviewing valuation models and other financial models including: DCF, market approaches, whole loan models and other structured investments

  • Strong analytical and problem-solving skills

  • A fundamental understanding of financial valuation theory, methodologies, and market applications (Intex and Bloomberg, etc.) 

  • Excellent understanding of financial documents analysis with the ability to work through key assumptions, implicit caveats, and limitations

  • Effective interpersonal, comprehension and communication skills, both verbal and written

  • Ability to master new tasks quickly and efficiently 

  • Excellent attention to detail, managing tasks and deadlines in an organized manner, strong work ethic, and ability to manage multiple ongoing assignments

  • Creative thinker with strong intellectual curiosity 

  • Familiarity with relevant accounting standards and policies produced and amended from time to time by the AICPA and other oversight bodies 

  • Knowledge of software packages including Excel and PowerPoint 

  • Excellent written and verbal communication skills that help represent diverse communities

  • CPA/CFA desirable

  • Experience working with diverse teams

Your recruiter will be happy to walk you through your U.S.-specific benefits, which include:

  • Healthcare Coverage: Comprehensive medical, dental, and vision plans.

  • Time Off and Leave Policies: Generous paid time off (PTO), paid company holidays, generous parental and family leave.

  • Protective Insurances: Life insurance, short- and long-term disability coverage, and accident protection.

  • Compensation and Rewards: Competitive salary structures, performance-based incentives, and merit-based compensation reviews.

  • Retirement Plans: 401(k) plans with company matching.

Please note that benefits may vary by region, department and role. We encourage you to speak with your recruiter to learn more about the specific benefits available for your position.

About Kroll 

 

Join the global leader in risk and financial advisory solutions-Kroll. With a nearly century-long legacy, we blend trusted expertise with cutting-edge technology to navigate and redefine industry complexities. As a part of One Team, One Kroll, you'll contribute to a collaborative and empowering environment, propelling your career to new heights. Ready to build, protect, restore and maximize our clients' value? Your journey begins with Kroll. 

In order to be considered for a position, you must formally apply via careers.kroll.com.

We are proud to be an equal opportunity employer and will consider all qualified applicants regardless of gender, gender identity, race, religion, color, nationality, ethnic origin, sexual orientation, marital status, veteran status, age or disability.

The current salary range for this position is $100,000 to $150,000

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