About this role
Job title: Analyst, Fund Accounting
About the Role
Entry-level analyst under direct supervision responsible for evaluating 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 role supports large asset owner plans, primarily Defined Contribution (e.g., 401(k)) and Defined Benefit (ERISA) plans, and assesses the impact of investment manager trading activity on portfolio returns and option market values, while auditing income postings, accruals, and corporate actions within scheduled timeframes.
What You'll Do
- 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.