Tax Overlay Support Specialist

Description

Job Location

The primary work location for this role is Berwyn, PA with a hybrid work model.

About Envestnet

Envestnet is an adaptive WealthTech company that is redefining the future of wealth management by helping advisors meet the moment with its comprehensive technology, actionable insights, and industry leading support. Backed by over 25 years of experience and approximately $7.0 trillion in platform assets, Envestnet is trusted by over one third of financial advisors across leading banks, wealth managers, brokerages, and RIAs.

For a deeper look at how Envestnet is shaping the future of financial advice, visit

The Team You’ll Join

As a Tax Overlay Support Specialist, you’ll join a highly collaborative, innovative team responsible for the day-to-day monitoring and administration of customized client accounts. Overlay Services delivers flexible solutions—Tax Overlay and Impact Overlay—that help investors manage gains, diversify concentrated portfolios, and apply personalized social responsibility screens within SMA and UMA structures.

What makes this team stand out is the variety: no two accounts are the same, which means the work stays fresh and intellectually engaging. You’ll be encouraged to think creatively, solve complex problems, and take an “out-of-the-box” approach to client needs. You’ll also partner closely with developers, contributing to projects from concept through execution—making it especially rewarding to see your ideas come to life and directly impact client outcomes.

How You ’ll Contribute

A general breakdown of the Tax Overlay Support Specialist responsibilities is as follows:

• Executing the Account Management Process – Daily, Weekly, Monthly, and Quarterly Action Items (75%)
• Working with Envestnet’s proprietary investment management system, the Tax Overlay Support Specialist will identify client accounts for optimization (potential trading), execute trade instructions, review recommended transactions based on established guidelines, and consolidate & execute transactions across accounts for execution and allocation.
• Reviewing Audit Reports and Performing Necessary Follow Up (10%)
• The Tax Overlay Support Specialist must ensure that results are consistent across accounts and ensure that accounts are managed within their specific tax settings as defined by the client and their financial advisor (for Tax Overlay accounts), or are managed within the specific security restriction constraints defined by the client and their financial advisor (for Impact Overlay accounts). The Tax Overlay Support Specialist will run and review various audit reports and will execute additional follow up action as required based on those reports.
• Working with Overlay Services Specialists / Sales Teams (10%)
• The Tax Overlay Support Specialist will work with the Overlay Services Specialists and the Sales team to provide superior service to financial advisors and clients. This typically requires researching and answering account-specific questions that arrive from an advisor or client through the
• Overlay Services Specialist team or the Sales team.
• Participating in Enhancement Discussions and Testing Changes Designed to Improve the Process (5%)
• The Tax Overlay Support Specialist will participate in discussions with business and technical analysts to define and test process and technology improvements expected to improve the effectiveness and efficiency of the investment process.
• Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing as requested.
• As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk.

What You ’ll Need to Bring

• Bachelor’s Degree
• Knowledge of investment management operations and practices with particular emphasis on separately managed accounts including trading and portfolio accounting systems
• Knowledge of financial markets, including equities, fixed income, mutual funds, ETFs, and hedge funds
• Experience working in a fast-paced environment with daily mission-critical deadlines.
• Monitoring output of an automated system and identifying and resolving exceptions

Nice-to-Haves

• Knowledge of Envestnet’s account management processes, procedures, and systems
• Understanding of multi-factor risk models and optimization
• Understanding of Modern Portfolio Theory
• Experience in the Envestnet operations/trading organization
• Experience with MS Excel

Why You’ll Enjoy Working at Envestnet

Help shape the future of WealthTech. At Envestnet you’ll gain hands-on experience and collaborate with some of the industry’s brightest minds to deliver meaningful, innovative solutions that make a real difference.

We value flexibility in how and where work gets done, and we recognize strong performance with meaningful rewards—because your contributions should drive both business success and your own personal growth. If you’re looking for a place where your work has impact, your development is supported, and your contributions are truly valued, Envestnet is where you can build your future.

The opportunity is now!

Sponsorship

This position is not open to candidates requiring visa sponsorship

Our Investment in You

At Envestnet, our total rewards philosophy is designed to attract, motivate, and grow exceptional talent. We offer competitive, market-aligned compensation complemented with performance-linked incentives and rewards programs that recognize and reward impact.

We provide a comprehensive suite of benefits - subject to Envestnet’s plan eligibility rules - that support your overall well-being including, medical insurance, paid time off (PTO), 401k company match, paid parental leave, education reimbursement, disability coverage and mental health & wellness support. Our investment in you means supporting you professionally, financially, and personally at every stage of your journey with us. Please visit our benefits page on our career site to learn more.

Our Commitment to Inclusion & Belonging

Envestnet is an Equal Opportunity Employer and is committed to creating an inclusive environment for all employees and applicants. We welcome and value individuals of all backgrounds and do not discriminate based on race, color, religion, creed, sex (including pregnancy or related medical conditions), gender identity or expression, sexual orientation, national origin, ancestry, age, disability, genetic information, military or veteran status, citizenship status, or any other status protected by applicable law. We encourage individuals from all backgrounds to apply.

We strive to provide an inclusive application and interview process. If you are a candidate with a disability and require reasonable accommodation, please contact us at [email protected]. Please include your full name, the title of the role you are applying for, and the accommodation necessary to assist you with the recruiting process.

Recruitment Fraud

At Envestnet, safeguarding the trust and safety of job seekers is a top priority. We are aware that scammers may impersonate Envestnet recruiters or create fake job opportunities to deceive candidates. Review the information on our recruitment fraud awareness page to help you recognize and avoid recruitment fraud.