Analyst, Institutional Fund Accounting

About the Role

Entry level analyst position under direct supervision responsible for evaluating, analyzing and reconciling mutual funds and separately managed funds to determine the Net Asset Value (NAV) on a daily basis and for the production of client month-end reports. The analyst works on large asset owner plans, primarily large Defined Contribution (i.e. 401k) and Defined Benefit (Pension) ERISA plans. The analyst will assess the impact of investment manager trading activity on the investment portfolio returns and option market values and will also audit income postings, accruals, and corporate actions all within scheduled time frames. The analyst will be responsible for performing exception resolutions of cash, holdings reports and price variances, expenses and expense accruals, and also any activity in the investment accounts.

Key Responsibilities

• Determine Net Asset Value (NAV) for defined contribution and defined benefit plans on a daily basis.
• Evaluate and reconcile funds including mutual, separately managed, commingled, and collective funds, often compared against a benchmark, for daily valuation.
• Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
• Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
• Assist in the timely preparation of monthly and annual reports and financial statements in accordance with generally accepted accounting principles and performance standards.
• Record and respond to partner and client inquiries resolving exceptions related to accounts.
• Value funds on a daily basis.
• Provide client portfolio and 5500 reporting on an annual basis.
• Expected to use some initiative but refer more complex problems to supervisors/experts.

Requirements & Tech Stack

• Basic knowledge of accounting, finance, and securities.
• Analytical skills.
• Organizational skills.
• Attention to detail.
• Multi-tasking skills.
• Ability to absorb information quickly.
• Ability to work in a fast-paced environment.
• Ability to meet deadlines while maintaining accuracy.
• Strong Excel skills.
• Usage of Microsoft Power suites is a plus.

Qualifications

• Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.