Fund Administrator II

About the role

This role will plan, organize and oversee the preparation of financial statements, board of directors/trustees meeting materials, expense payments and accruals, compliance testing and performance data, for full service clients as assigned. Review the work of and provide feedback/training for Fund Administrator I. Serves as a primary contact for clients and present to client boards for personal clients as well as those of Fund Administrator I.

Responsibilities

• Determine applicable fees based on final contractual terms and establish accruals
• Analyze and review expense payments before transmission to client for approval
• Determine appropriate allocation method for invoices
• Review expense analysis and recommend accrual changes to clients and fund accountants
• Prepare or direct the preparation of shareholder financial statements to meet GAAP and regulatory requirements
• Review for accuracy the 4017G (fidelity bond), N PX (proxy) and 24f2 (sales) filings
• Prepare notes to the financial statements based on requirements of the fund and GAAP
• Prepare or direct the preparation of fund distributions
• Analyze for accuracy the distribution calculation including multi class allocations
• Prepare draft agendas and materials for board meetings
• Represent UMB at client board meetings
• Prepare and present appropriate material at meetings
• Identify and prepare required monthly/quarterly SEC, Fund, and IRS compliance tests
• Review compliance testing results for any breaches that fall outside of acceptable tolerance ranges before presenting to clients
• Review fund performance data and benchmark comparisons
• Respond to internal and external ad hoc requests
• Update Client Managers and others as necessary regarding client activities

Requirements

• Bachelor's Degree in accounting, finance or related field
• One year of fund administration experience or related industry experience
• Fundamental understanding of applying GAAP
• Demonstrated career progression
• Understanding of expense budgeting and accruals
• Ability to facilitate group meetings and/or presentations
• Performance and results oriented
• Proficient Microsoft Excel knowledge
• Demonstrated initiative in a highly regulated, deadline driven environment
• Strong analytical and critical thinking skills
• Ability to maintain a strong client servicing relationship

Qualifications

• None specified

Skills

• Financial statement preparation
• Expense management
• Board reporting
• Compliance testing
• Performance monitoring
• Client servicing

Benefits

• Competitive and varied benefits package
• Health insurance
• Dental insurance
• Vision insurance
• 401(k) matching program
• Annual incentive pay
• Paid time off
• Flexible spending accounts
• Dependent care accounts
• Adoption assistance
• Employee assistance program
• Fitness reimbursement
• Tuition reimbursement
• Associate wellbeing program
• Associate emergency fund
• Various associate banking benefits

Pay

$59,085 - $86,922

Schedule

N/A