Description
Description:
- The Expense Representative oversees and administers to all applicable expense accounts for all products within the team's scope. In an oversight role she/he is responsible for the ongoing review and administration of invoices, expense related forecasts and budgets, accrual calculations, periodic reporting, and process maintenance and improvements.
- In addition to the ongoing responsibilities related to expense administration, the Representative may also be required to prepare responses and/or comment on a variety of ad hoc reporting requests and inquires in a professional, timely and accurate manner.
- The Representative will be expected to be highly engaged in their immediate work and the team's overall efforts. She/He should be willing to participate in knowledge sharing with colleagues and clients, and should be actively committed to providing outstanding client service through their efforts.
- NAV Support - Calculates and maintains fee calculations and statistical information assigned to expense accounts (frequency may be daily, monthly, quarterly, annually or ad hoc depending on expense type or client request). Reviews, tracks and forwards on for processing all invoices assigned and/or those specifically related to assigned expense accounts. Maintains and administers to each assigned expense account's budget and forecasting process. Assists with any change to the expense structure for assigned accounts as changes go into effect such as product launches, mergers, liquidations or other client directed changes. Assists where required with periodic wires, journal entries, adjustments, or other manual efforts related to expense administration. Takes ownership of assigned expense accounts and is continually prepared to support all accrual rate changes, periodic adjustments, daily fluctuations, ad hoc inquires from pricing teams, and reporting inquires related to both the balance sheet and the statement of operations related to assigned expense accounts.
- Productivity, Administration and Team Work - Becomes an expert in the fund expense chart(s) of accounts and how they relate to each other (if applicable). Becomes a skilled user of all related systems that support the Team's operations. Continually reassesses, develops, and implements processes that will increase efficiency within the team, while maintaining the highest standards of analysis and levels of output. Becomes proficient in the various fund expense allocation methodologies and supporting statistics used to allocate dollars to multiple funds and/or share classes. Utilizes effective analytical and research techniques to resolve inquiries. Effectively communicates findings to clients and to colleagues either verbally or written as required. Prepares, maintains and evolves periodic reporting (control reports, board reports, etc) as required internally or externally by the client(s). Assists with projects and changes as requested. Assists with process maintenance and updates as needed.
Qualification:
- BA/BS degree in Business/Finance/Accounting or related studies preferred, and/or equivalent work experience
- Experience in financial product accounting, financial product reporting, or basic accounting and analysis preferred
- Aptitude for numbers, accuracy, and analysis. Ability to work quickly and accurately under pressure
- Strong written and oral communication skills. Working knowledge of accrual based and cash based accounting
- Ability to adapt to, and utilize, new systems and tools as they become available. Be highly engaged in the team's collective work so as to foster a highly collaborative and positive team environment
- Working knowledge of mutual fund products, multi class accounting, and the components of an NAV Proactively anticipate client needs and respond effectively to client inquiries...