The Senior Expense Representative is a seasoned member of the team and has proven to be well versed and consistent contributor in all facets of the Expense Administration function. The Senior oversees and administers to fund expense accounts while also providing review oversight and guidance to the Expense Administrators. The Senior also provides leadership, mentoring and training to the Administrators related to the ongoing review and administration of invoices, forecasts, accrual calculations, reporting and daily operations.
In addition to the ongoing responsibilities related to expense administration and project participation, the Senior may also be required to prepare proposals, responses, and/or comment on a variety of ad hoc reporting inquires from business partners and clients in a professional, timely and accurate manner.
Responsibilities:
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 wires, checks, journal entries, adjustments, or other manual efforts related to expense administration
Takes ownership of assigned expense accounts and is prepared to support all accrual rate changes, periodic adjustments, daily fluctuations, ad hoc inquires from pricing and other internal teams, and reporting inquires related to both the balance sheet and the statement of operations related to assigned expense accounts
Assess ongoing processes and controls that are in place to mitigate any potential NAV errors caused by billing related journal entries, accrual entries or fund set ups
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 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
Provides consistent, positive mentoring and development of Administrator skills and levels of productivity
Ensures consistent, positive development of Senior level technical and leadership skills
Qualifications:
BA/BS degree in Business/Finance/Accounting or related studies preferred, and/or equivalent work experience
1 to 2 years 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
Above average time management skills in order to meet the daily demands of assigned responsibilities while also attending to the requests and needs of the Expense Administration Reps and Expense Administration Supervisors
Highly developed interpersonal and relationship skills in order to present themselves as a mentor and resource to internal colleagues and client contacts
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
Consistently meet the demands of daily responsibilities, assigned work, and the mentoring, training and guidance needs of the analysts
What We Offer:
Direct access to clients, information and experts across all business areas around the world
Opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm
A culture of inclusion that values each employee’s unique perspective
High-quality benefits program emphasizing good health, financial security, and peace of mind
Rewarding work with the flexibility to enjoy personal and family experiences at every career stage
Volunteer opportunities to give back to your community and help transform the lives of others
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.
Full time
Boston
