Fund Accounting Senior Manager

Fund Accounting Senior Manager

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Job Overview

Financial Administration Senior Manager, Vice-President

Job Summary The Financial Administration Senior Manager, Vice-President ("VP") oversees the analysis, monitoring, and implementation of expense budgets as well as ensures the timely payment of fund expenses occurs per SLAs and coordinates and reviews the monthly and annual excise distribution processes, along with other reporting such as Total Returns, Board reporting and year-end tax reporting (1099) requirements. The VPs are responsible for managing a team of financial administration professionals, working with internal and external clients to design and maintain efficient, effective fund financial reporting and client reporting processes. A comprehensive understanding of fund expense and budgeting oversight, as well as of the interrelationship of financial statement schedules is essential. The VPs must maintain a thorough understanding of U.S. Generally Accepted Accounting Principles ("GAAP") and SEC rules and regulations relating to Registered Investment Companies. In addition to managing a team of financial administration professionals, the VPs proactively manage client relationships.

Ensure teams provide quality service to clients and respond proactively to internal and external client inquiries

Perform all aspects of people management, including annual performance management cycle, hiring, feedback, mentoring and training

Oversees timely and accurate budgeting and expense payments

Coordinates and reviews the monthly and annual excise distribution process

Oversee monthly and quarterly client reporting (e.g. Total return and preparation of Board reports)

Manages fund year-end reporting (e.g. 1099-NEC and ICI Reporting)

Oversee the preparation and perform risk-based reviews of financial statements in accordance with GAAP and SEC rules and regulations

Manage the annual audit process

Ensure quarterly Board reports are prepared accurately and delivered timely

Demonstrate an advanced understanding of investment types, mutual funds, ETFs, and financial markets and serve as a subject-matter expert resource for their team and department

Review the information disclosed and understand the requirements of SEC filings (e.g. N-PORT, N-MFP, N-CSR, N-CEN and 24F-2, etc.) including filing deadlines, information sources, and the electronic filing process

Understand the applicable sections of Sub Chapter M of the IRC and tax-related financial statement disclosures

Understand the applicable sections of mutual fund Registration Statements (SEC Form N-1A) relating to financial statement presentation, total return and fee table disclosures, and management's discussion of fund performance

Provide thought leadership on fund events (e.g., conversions, launches, liquidations, mergers)

Partner with Technology on business requirements documentation, testing and roll-out of new automation solutions

Encourage continuous improvement to reduce risk and improve efficiency

Manage projects, lead department initiatives, and participate in committees

Qualifications Job Specifications :

Bachelor's Degree in Accounting, Finance, or business-related area or equivalent work experience, MBA is a plus

10+ years mutual fund (or equivalent) financial reporting experience and fund administration experience

Prior people management experience required

Comprehensive understanding of investment company financial reporting requirements & disclosures and expense management

Licenses or Certifications : Certified Public Accountant ("CPA") is a plus

Experience with FIS InvestOne fund accounting platform, including MBOR and OLE functionality, is a plus

Experience with Confluence Unity financial reporting platform, including Publishing and Workbook functionality, is a plus

Advanced experience working with Microsoft Office applications required, specifically Excel

Ability to demonstrate the following attributes consistently :

Superior leadership and people management skills

Superior attention to detail, a sense of urgency for deadlines, and solid organizational skills

Superior written and verbal communication skills and interpersonal skills to foster client and internal relationships

Proactively balance team resources and workflow requirements

Willingness to work outside of normal work hours when necessarily, particularly during peak financial reporting cycles

Conduct monthly coaching / feedback sessions with direct reports and regular team meetings

Ability to review and understand contracts and agreements

Handle escalated issues timely and appropriately

Oversee projects effectively

Ability to promote a positive working environment and influence others to embody the Citi Culture