Associate Financial Administrator I, Retail Alternatives

Ultimus Fund Solutions; Oregon; Hybrid; USD 60,000 - 75,000; Full time

Job summary

Ultimus Fund Solutions is seeking an Associate Financial Administrator I to support quarterly, semi-annual, and annual fund reporting in compliance with SEC, IRS, and GAAP requirements. You will analyze fund performance, assist with expense budgeting, and prepare reports for the board.

You will interact with internal teams and clients, handle routine and ad hoc reporting, and contribute to accurate financial statements for retail and alternative investment products.

Qualifications

• Bachelor’s degree in accounting, finance, economics, business, or related field.
• Experience in accounting or finance.
• Equivalent education and experience will be considered.

Responsibilities

• Prepares quarterly, semi-annual, and annual financial reports for funds.
• Prepares and maintains expense budgets and accruals, as needed, based upon contractual fee schedules and fiscal year projections.
• Prepares and processes expense payment authorizations, as needed, for fund expenses.
• Calculates standard monthly management fees and advisor waiver or reimbursements for each fund; distributes fee authorization to the appropriate party.
• Utilizes fund performance tracking systems to monitor and review fund performance; distributes information to clients, as needed.
• Compiles quarterly reports utilized by Trust’s Board members.
• Completes off-schedule projects and ad hoc reporting when needed.

Skills

Financial reporting

Budgeting

GAAP knowledge

Regulatory reporting

Analytical thinking

Education

Bachelor's degree in accounting, finance, economics, business, or related field

Tools

Microsoft Office Suite

Adobe Acrobat

Job description

SUMMARY

The Associate Financial Administrator I will play a key role in preparing and filing quarterly, semi annual and annual fund reports in compliance with SEC, IRS, and GAAP reporting regulations, analyzing fund performance, expense budgeting, and board reporting for retail alternative investment products.

KEY ACCOUNTABILITIES

Prepares quarterly, semi-annual, and annual financial reports for assigned funds.Prepares and maintains expense budgets and accruals, as needed, based upon contractual fee schedules and fiscal year projections.Prepares and processes expense payment authorizations, as needed, for fund expenses.Calculates standard monthly management fees and advisor waiver or reimbursements for each fund; distributes fee authorization to the appropriate party.Utilizes fund performance tracking systems to monitor and review fund performance; distributes information to clients, as needed.Compiles quarterly reports utilized by Trust’s Board members.Completes off-schedule projects and ad hoc reporting when needed.

WORKING RELATIONSHIPS

Frequent communication with internal and external business partners.Daily contact with the Financial Administration team regarding fund financial statements, reports, compliance, audits, etc.

KNOWLEDGE, SKILL, AND ABILITIES

Financial services industry.SEC Forms 10-Q, 10-K, N-CSR, N-CEN, N-CSR, and 24f-2.Stocks, bonds, options, and foreign securities and derivatives.Microsoft Office Suite.Adobe Acrobat.

SKILLS AND ABILITIES

Troubleshoots issues utilizing creative and critical thinking skills.Multitasking, analytical, and organizational skills.Initiative-taking, strategic, and meticulous approaches with a strong commitment to quality, efficiency, and effectiveness.Demonstrates personal integrity, responsibility, and accountability.Effectively uses resources such as time and information in conjunction with associates.Participates in solving problems and making decisions.Presents and expresses ideas and information, written and oral, clearly, and concisely.Actively listens to others to achieve understanding and supports an open exchange of ideas and information.Identifies needs, arranges for, and obtains resources to accomplish individual and department goals.Establishes and develops effective working relationships with associates and clientele during both favorable and unfavorable situations.Modifies team and individual priorities and deadlines in response to added information, changing conditions, or unexpected obstacles and ensures completion.

EDUCATION AND EXPERIENCE

Bachelor’s degree in accounting, finance, economics, business, or related field.Experience in accounting or finance.Equivalent education and experience will be considered.

Ultimus is an equal opportunity employer and does not discriminate on the basis of the applicant’s or employee’s race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.