Fund Administration Analyst - Proprietary Funds

About the role

Edward D. Jones & Co, L.P. (“Edward Jones”) is seeking a Fund Administration Analyst for their Proprietary Funds Accounting Oversight (“PFAO”) team. The primary goal of this team is to provide oversight of the Bridge Builder Trust mutual funds and Edward Jones Money Market Fund.

Responsibilities

• Perform daily oversight of the net asset value (“NAVs”) of the funds.
• Collaborate with internal departments and external service providers to gather necessary information to validate the funds' performance, books and records.
• Investigate and resolve variances in fund accounting records and respond to financial reporting inquiries.
• Stay updated on industry trends, accounting standards and regulatory changes that may impact fund accounting and registered investment company's practices.
• Contribute to process improvement initiatives to enhance efficiency and accuracy within the fund accounting function.
• Assist in risk identification and mitigation, researching complex mutual fund matters and contributing to project success.
• Support key service provider oversight and management – including operational, transfer agent, custody partners and investment sub-advisers.
• Manage and communicate investment guideline breaches and/or changes to the sub-advisers and service providers.
• Maintain and communicate investment guideline communications from model providers, sub-advisers, internal stakeholders and service providers.
• Oversight of the power of attorney process.
• Complete and/or update power of attorney documents for markets, as required.
• Coordination between sub-adviser's and service providers.
• Oversight of the market opening process.
• Complete and/or update market opening paperwork for new markets, as required.
• Coordination between sub-adviser's and service providers.
• Apply valuation methodologies daily for various investments within the funds in line with Olive Street Investment Adviser’s (the “Adviser”) valuation policy and procedures.
• Ad hoc reporting and projects to support Adviser responsibilities as adviser to the funds.
• Assists senior level team members with additional routine and more senior tasks and assignments (i.e., data management, new sub-adviser onboarding, building workflows, new product launches, and regulatory initiatives, etc.).

Requirements

• 7+ years of related experience in asset management industry focusing on fund accounting oversight and valuation for mutual funds.
• Bachelor’s degree in business, accounting, finance, or equivalent education and experience, MBA, CFA and/or CPA designation preferred.
• Fundamental knowledge and understanding of mutual fund processes – Generally Accepted Accounting Principles in the United States of America (“GAAP”), trading, fund accounting, administration, security valuation, audits, compliance, etc.
• Strong written and verbal communication skills and ability to create presentations and reports.
• Organization and time management skills to meet deadlines.
• Detailed oriented with the ability to work in a group or independently, as needed.

Qualifications

• Experience working in the investment management industry, understanding of investment concepts, practices, and processes used in the investment industry, specifically mutual funds.
• Series 7 & 66 licenses.
• Working knowledge, understanding and experience with the Investment Company Act of 1940, as amended, Securities and Exchange Act of 1933, Securities Exchange Act of 1934 and GAAP guidance for investment companies.
• Drive continuous improvement initiatives to enhance the efficiency, scale, and resilience of our operating model.
• Comfortable working across multiple functions, geographies and partners with maturity and judgement.
• Work in ambiguous and overly complex situations, create clarity, demonstrate sound judgement, and drive towards effective outcomes.
• Work well under pressure and meet critical deadlines in a very time sensitive environment.
• Develop new ways to enhance our operating model and work directly with tech teams to implement risk reducing processes.
• Comfortable engaging various technologies and software packages like Diligent and Smartsheet.
• Superb critical thinking and problem-solving abilities.

Benefits

Compensation and benefits package includes medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness), short- and long-term disability, basic life, and basic AD&D coverage. Short- and long-term disability, basic life, and basic AD&D coverage are provided at no cost to associates. Edward Jones offers a 401k retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account. Edward Jones observes ten paid holidays and provides 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism. Associates may be eligible for bonuses and profit sharing. All associates are eligible for the firm's Employee Assistance Program.