Fund Accounting Senior Manager

Job Description

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

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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