As a fund administrator, you will be responsible for monitoring fund's compliance with investment restrictions detailed in the Prospectus, Statement of Additional Information. The core responsibilities of this position include: monitoring daily fund's compliance with investment restrictions detailed in the Prospectus, Statement of Additional Information and Investment Company Act of 1940; monitoring monthly fund's compliance with the requirements of the Internal Revenue Code for qualifications as regulated Investment Company; calculating all periodic income distributions and assist the tax department in preparing excise distributions in accordance with the prospectus and distribution requirements of the IRS Code; preparing fund expense projections, establish accruals and review on a monthly basis; preparing monthly billings for advisory and administration fees; preparing instructions for fund cash disbursements for custody, including calculation and documentation of appropriate allocation of disbursements between funds; responding to client inquiries (regarding financial and compliance matters) as requested; preparing periodic financial statements and total return performance reports; providing fund's board of directors and fund management with timely, essential and accurate reporting of fund operations (including financial statements, portfolio characteristics, and compliance information) with monthly management reporting and quarterly board reporting; providing financial data (expense ratios, portfolio turnover, etc.) to financial reporting in the completion of quarterly, semi-annual, and annual reports to shareholders; working with the Fund's legal counsel and outside auditors with regard to filings, examinations, and reporting and performing any other tasks as assigned or directed.
- BA/BS or equivalent experience
- Minimum of one year in the mutual fund industry, with an understanding of tax and legal compliance issues
- Understanding of accounting principles, financial reporting
- Computer literacy
- Analytical skills
- Ability to gain understanding of regulatory requirements
- Attention to details
