Analyst, Fund Administration

Overview

Analyst role in Fund Administration responsible for timely delivery of financial statements under US GAAP, AICPA and SEC standards, including regulatory reporting such as N-Port, and audit support.

What you'll do

• Ensure preparation of Annual, Semi-Annual and Quarterly financial reports for '40 Act funds (Russell Investment Company and Russell Investment Funds) in a timely manner with good quality.
• Ensure annual reporting for institutional funds (Russell Trust Company and Russell Institutional Funds LLC).
• Oversee, coordinate and execute the planning, organizing, training and leadership necessary to achieve stated goals, acting as a link between staff and management.
• Work with other teams within and outside Fund Administration to complete routine, project-based and ad-hoc deliverables for Russell's fund products.
• Post periodic journal entries, partnership accounting/allocations and prepare various disclosures for alternative investment funds.
• Engage with the Funds' custodians, internal groups, external auditors and other key stakeholders to coordinate reporting cycles.
• Participate in projects which promote and lead to a streamlined financial operating environment.
• Evaluate and document policies, procedures and internal controls related to the financial reporting process.
• Work directly with external service and data providers, external auditors and multiple groups within Russell to support financial projects for the funds.
• Prepare and review internal reports, sub-schedules and calculations that support the overall financial statement process for traditional funds.

What you'll need

• 1 to 2 years of relevant work experience.
• CA, CPA or similar qualification.
• Bachelor's degree, only if the candidate has vast experience in Financial Reporting as per US GAAP.
• Good knowledge of US GAAP, the Investment Company Act of 1940, U.S. Internal Revenue Code, CFTC Rules and ERISA.
• Understanding of fund accounting for mutual funds, commingled funds, LLC funds and private equity funds, and working knowledge of ERISA regulations, Investment Company Act of 1940, and Exchange Acts of 1933 and 1934.
• Ability to interpret accounting/financial information and understand how it may impact the Funds' financial statements, notes and other disclosures.
• Extensive knowledge of investment products and securities, including complex derivative instruments such as swaps, futures and options.
• Working knowledge of the relationships and interactions between investment managers and administrators/custodians/transfer agents.
• Excellent written and verbal communication skills, including communicating on behalf of Fund Administration Management with vendors, auditors, business units and other key stakeholders.
• Proven ability to work both independently and as part of a highly functioning team, open to new ideas and disciplines.
• Ability to work efficiently under pressure with minimal supervision to meet cyclical regulatory and internal deadlines, and to organize and prioritize multiple assignments.
• Ability to analyze complex issues, research solutions, prioritize workload and bring regulatory testing issues to resolution.
• Very strong tools-based knowledge including Excel, Access and other applicable applications in a LAN based environment.
• Ability to communicate complex technical details to all levels of management.
• Proficiency in MS Office and ability to manage large volumes of email correspondence.
• Ability to act with discretion and maintain complete confidentiality.

Nice to have

• CA, CPA or similar qualification (listed as preferred).
• Knowledge of UCITS and a plus: familiarity with UCITS.
• Knowledge and understanding of SQL and VBA.
• Knowledge or experience with Confluence ASP Reporting System.
• Ability to create, refine and maintain policies and desk procedures related to the Funds' processes.
• Experience with 38a-1 requirements and Sarbanes-Oxley testing.
• Ability to improve processes with data and workflow automation.

Details

• Location: Mumbai office, based in Goregaon (East).
• Shift: EMEA shift, 1:30 pm - 10:30 pm IST.
• Reports to: Associate Manager, Fund Administration.