Fund Accountant / Administrator

Lenmar Consulting Inc; Boston (MA); On-site; USD 70,000 - 90,000; Full time

Job summary

A financial consulting company is seeking a professional for a hybrid role in Boston, requiring in-office attendance three days a week. The individual will support fund administration and treasury services, overseeing day-to-day operations for mutual funds. Candidates must possess a Bachelor's Degree in Business, Accounting, or Finance and have at least 5 years of mutual fund accounting experience. The role includes monitoring budgets, validating fund payments, and supervising third-party activities, among other responsibilities.

Qualifications

• 5 years of mutual fund accounting/administration experience.
• Familiarity with advanced Excel formulas.

Responsibilities

• Monitor and review the creation and analysis of expense budgets.
• Prepare, review, and validate fund accruals and payments.
• Facilitate the preparation of Board materials.
• Oversee third-party fund accounting and custodian activities.
• Review fund cash and asset reconciliations.
• Research and document errors for preventive actions.
• Assist in the review of new complex investments.
• Perform benchmark analysis of Fund NAVs and yields.
• Assist in the review of regulatory filings.
• Supervise staff and ensure reporting accuracy.
• Act as a liaison with other departments.
• Maintain familiarity with applicable laws and regulations.

Skills

Mutual fund accounting

Attention to detail

Team collaboration

Advanced Excel

Education

Bachelor’s Degree in Business, Accounting or Finance

Job description

Overview

Boston, MA - Role is Hybrid and will require in office attendance 3 days/week.

Must be able to work full time (40 hours per week)

Interviews will be in-person

As a member of Fund Administration’s Oversight group, this individual will support a broad spectrum of fund administration and treasury services. The Fund Administration will assist in the preparation and review of a variety of reports, analysis, and administrative tasks related to overseeing the day-to-day operations for Client Vance and Calvert mutual funds.

The group’s responsibilities include the oversight of third-party fund accounting and custody service providers for approximately 180 registered investment companies as well as a number of offshore funds and private investment vehicles. Tasks overseen include the preparation and review of in-house fund budget and expense administration process, regulatory reporting and the valuation of Fund securities. This position requires the candidate to have a strong mutual fund accounting and operational background, a strong aptitude for detail and enjoy working in a team environment.

Primary Responsibilities:

• Monitor and review the creation and analysis of expense budgets.
• Prepare, review, and validate fund accruals and payments.
• Facilitate the preparation Board materials.
• Oversee the activities of third-party fund accounting and custodian providers to ensure proper adherence to service levels.
• Review fund cash, currency and asset reconciliations and aging of receivables.
• Research and document errors and remedial actions to prevent future errors.
• Assist in the review of new investments, including complex securities and derivatives to ensure proper classification and accounting treatment.
• Perform and/or review benchmark analysis of Fund NAVs, yields, distribution rates versus internal and external benchmarks.
• Assist in the monthly reviews of regulatory filings, including N-PORT and N-CEN.
• Supervise staff and coordinate the detailed review of reporting for consistency, accuracy and compliance with policies and procedures.
• Act as a liaison with other departments including Legal, Investment Operations, Performance & Analytics and Portfolio Management.
• Maintain a working familiarity with applicable laws, regulations and interpretation of governing financial statements and disclosure, including the Investment Company Act of 1940, the Internal Revenue Code, GAAP, Regulation S-X and other applicable requirements.

Job Requirements

• Bachelor’s Degree in Business, Accounting or Finance.
• 5 years of mutual fund accounting/administration experience.
• Familiarity with advanced Excel formulas.