San Diego, CA, USA
The Analyst will be a part of the Advisor Capital team within LPL’s Finance Division. Advisor Capital is tasked with all aspects of providing capital and pricing to LPL’s advisors for assistance with recruiting, acquisitions, retention and growth initiatives.
This includes financial analysis, underwriting, monitoring, collections and reporting. Strong communication, analytical, strategic thinking and problem-solving skills are needed. The candidate should be able to effectively prioritize while being efficient and accurate. The ability to work within a team, take initiative, show strong attention to detail and be flexible are also requirements.
Roles & Responsibilities:
Financial Analysis – Advisor Asset and Profit Analysis, Transition Assistance Underwriting (30%):
Review, interpret and verify prospective advisor prior firm financial statements.
Work closely with internal LPL departments and prospective advisors to determine and document the advisor’s assets under management.
Conduct financial analysis to determine capital outlay offered to an advisor based on the return and profitability of the assets.
Contract Accommodations & Pricing Financial Analysis (30%):
Develop knowledge of LPL’s various pricing models, advisor economics and drivers of firm profitability.
Act as a liaison between multiple LPL departments to ensure all contract accommodations are accurately documented and tracked appropriately.
Conduct financial analysis to determine economic viability of all pricing requests based on the advisor’s current and projected profitability.
Advisor Receivables and Bad Debt. Analysis and Collection. (30%):
Track and monitor all current and terminated advisor’s receivable balance to prevent and collect bad debt.
Analyze types of products most commonly associated with bad debt for reporting and risk prevention.
Establish payment plans with advisors that have receivables or bad debt balance when needed.
Develop communication and awareness plan of receivable balances to advisor population.
Ad-hoc analysis, reporting and process improvement (10%):
Various reporting and analysis.
Collaborate with management to ensure proper perspective is brought to decision-making.
Provide feedback on processes, present and implement enhancements as needed.
Perform other related projects as assigned.
Bachelor's degree in business, finance or related-field
High level of corporate financial analysis knowledge and problem solving skills
Strong PC skills (emphasis on Excel and PowerPoint. Salesforce reporting a plus)
Analyzing, interpreting and presenting financial and operational results through the preparation of various reports
Ability to perform in a fast paced, high volume, dynamic environment
Basic knowledge of product, the industry and end investor
Demonstrated knowledge of LPL platform, products and services a plus
Experience interacting with advisors and management a plus
San Diego, CA, USA
LPL Financial is seeking a strong applicant to join our team as a member of our Corporate Development department managing our Advisor Capital team. As a Senior Analyst of Advisor Capital, you will lead deep and thoughtful analysis to help our executive management team make informed decisions as well as drive and maintain efficient day to day operations. The ideal candidate for this role has a combination of strong business acumen, technical knowledge to develop and deliver tools enabling informed decision making to drive continuous strategic growth.
The Advisor Capital group plays an instrumental role in the analysis and reporting of LPL’s financial information and collaborating with the company’s business units providing overall financial and capital deployment support. This team is directly involved in strategic and general financial analysis, including, but not limited to, supporting growth initiatives through recruiting and potential M&A transactions as well as providing pricing and capital deployment analysis. This role will have direct exposure to top level management.
Working with AVP to develop capital deployment strategy and maintain efficient processes
Leverage technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure.
Interfacing with business unit counterparts to address specific needs of advisors
Monitoring the team’s timely adherence to service level agreements through dashboards and reports, investigating and addressing instances where commitments are not being met
Producing metrics to illustrate business unit’s accuracy, efficiency, and timeliness
Creating reporting and analysis to drive business decisions on capital deployment opportunities
Handle escalations by both internal business partners and our Advisors
Maintain and enhance internal controls, supporting Internal Audit and Compliance quarterly/annual controls testing
Ad-hoc analysis, financial modeling, and additional responsibilities as required
Effective communication, presentation and writing skills
In depth knowledge of financial reporting processes
MS Excel and PowerPoint expert
Experience with enterprise systems and reporting tools is a plus (OBIEE, OFA, Hyperion or other SaaS reporting tools)
Experience with CRM tools such as Salesforce is a plus
Detail oriented with insight to determine applicability of big picture analysis
Ability to work comfortably with incomplete information and deal with ambiguity in a fast-paced environment
Ability to work within a team, take the initiative and show strong attention to detail is critical
Ability to take initiative and create concise and decision supporting analysis is essential
Proactive problem solver, expected to present problems and recommendations simultaneously
Positive attitude, commitment to excellence and integrity
High level of motivation and initiative
BA/BS degree in Finance, Business, or Economics (or a related discipline) is required.
2 - 5 years corporate finance, investment banking, or corporate development experience preferred
San Diego, CA, USA
The Financial Planning and Analysis group plays an instrumental role in the analysis and reporting of LPL’s financial information and partnering with the company’s business units providing overall financial decision support. This team is integrally involved in strategic and general financial analysis, including supporting growth initiatives, forward trend analysis, infrastructure projects and investment evaluations utilizing cost-benefit and return on investment (ROI) models. Another primary responsibility of the group is to work with business partners across LPL to review financial results on a monthly basis, capture variance explanations and reforecast items, and support the budget planning process. Lastly, this group is tasked with the reporting of financial information in various forms including but not limited to monthly executive packages, board of director presentations, budget summaries, and sales & asset reporting.
This position reports into the Business Analytics and Reporting team supporting key finance systems and will primarily be responsible for maintaining critical budgeting/forecasting and KPI tracking tools, with an emphasis on data load rules, managing dimensions and calculations scripts, as well as troubleshooting and finding creative solutions to issues as needed.
Support and Collaborate with the FP&A team through maintenance of Oracle applications, providing administrative assistance
Setup and maintain system user access, user security and dimensions
Create, test, and modify business rules / calculation scripts
Manage and ensure that financial data loaded to the various finance systems is complete and that validation checks are performed throughout the process
Identify high-level conceptual process improvements within database applications
Recognizing system inefficiencies and implementing effective solutions with an emphasis on automation
BA/BS degree in Finance, Business, or Economics (or a related discipline) is preferred.
2+ year of direct finance work experience is desired and Financial Services industry experience is preferred.
Experience with ETL and Analytics applications is preferred.
Experience working with Oracle or similar technical support highly desired.
Strong computer and Excel skills and familiarity with Access.
Experience with automation tools and database administration
Strong analytical, communication, technical skills, and the ability to multi-task.
Strong quantitative and organizational skills along with a thorough understanding of corporate finance principles and intermediate to advanced financial modeling concepts are required.
Must possess the ability to interact effectively with business partners and all levels of management.
Ability to work within a team, take the initiative and show strong attention to detail is critical.
Ability to take complex factors and create concise and decision supporting analysis is essential