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Job Title: Fund Reporting
What impact will you make?
Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you’ll find unrivaled opportunities to succeed and realize your full potential.
Deloitte is where you’ll find unrivaled opportunities to succeed and realize your full potential.
Accounting Advisory (Assurance) is about much more than just the numbers. It’s about attesting to accomplishments and challenges and helping to assure strong foundations for future aspirations. Deloitte illuminates the what, how, and why of change so you’re always ready to act ahead. Learn more about Assurance Practice
Work you’ll do
As an Delivery Manager in our Assurance team you’ll build and nurture positive working relationships with teams and clients with the intention to exceed client expectations.
Technical Capability and Mandatory Requirements:
- Sound experience and understanding in the Alterative fund industry (AIF) i.e. Hedge funds, Private equities and other investment funds.
- Strong experience in financial reporting domain of this industry including but not limited to preparation and review of fund financial statements.
- Should be well versed with various components of the financial statement such as Statement of Assets and Liabilities, Schedule of Investments (SOI), Statement of Changes in Partner’s Capital or Net Assets, Statement of Operations and Statement of Cashflows, Financial Highlights, Financial Instruments Disclosures and other notes in accordance with applicable GAAP i.e. US GAAP, IFRS etc.
- Practical knowledge of various accounting policies & disclosures requirements applicable under US GAAP and IFRS in relation to Fair value measurement principles, Financial assets, Financial liabilities, Derivates and other risk related disclosures etc.
- Manage workflow between external parties such as auditors, fund administrators, fund owners, fund controllers and the client back office to generate quality deliverables within required timelines.
- Ensuring overall client satisfaction by facilitating efforts of the assigned servicing team, coordinating resources to ensure timely delivery and issue resolution, and effectively communicating client concerns and requirements to appropriate managers and teams within Deloitte.
- Cultivating strong working relationships with client contacts. Demonstrated ability to add value with a consultative approach, by anticipating client needs and possible solutions, and partnering with the client for implementation steps.
- Familiarity with fund financial statement preparation tools will be an added advantage.
Qualifications and minimum experience requirements:
- 5+ years of working desired experience
- Any commerce graduate, MBA, CA, CMA or any other equivalent qualification.
- Should be a team player with a proactive and result oriented approach.
- Ability to prioritize, work on multiple assignments, and manage ambiguity. Should have Good presentation & communication skills.
- Should be well versed with MS office tools.
- Should be open and honest in communication with clients and colleagues
- Fluency in written & verbal English.
Your role as a leader
At Deloitte India, we believe in the importance of leadership at all levels. We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters.
In addition to living our purpose, employees across our organization:
- Understands disruptive trends and promotes potential innovative approaches.
- Builds relationships and communicates effectively in order to positively influence peers and other stakeholders.
- Seeks opportunities to challenge self. Teams with others across businesses and borders to deliver and takes accountability for own and team results.
- Understands objectives for stakeholders and Deloitte, aligns own work to objectives and sets personal priorities.
- Develops self by actively seeking opportunities for growth, shares knowledge and experiences with others, and acts as a strong brand ambassador.
- Projects confidence and motivates others through team collaboration and recognition of strengths, differences, and contributions.
- Identifies and embraces our purpose and values and puts these into practice in their professional life.
How you’ll grow
At Deloitte, our professional development plan focuses on helping people at every level of their career to identify and use their strengths to do their best work every day. From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to help build world-class skills in addition to hands-on experience in the global, fast-changing business world. From on-the-job learning experiences to formal development programs at Deloitte University, our professionals have a variety of opportunities to continue to grow throughout their career. Explore Deloitte University, The Leadership Center.
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.
Deloitte is led by a purpose: To make an impact that matters .
Every day, Deloitte people are making a real impact in the places they live and work. We pride ourselves on doing not only what is good for clients, but also what is good for our people and the communities in which we live and work—always striving to be an organization that is held up as a role model of quality, integrity, and positive change. Learn more about Deloitte's impact on the world
We want job seekers exploring opportunities at Deloitte to feel prepared and confident. To help you with your interview, we suggest that you do your research: know some background about the organization and the business area you’re applying to. Check out recruiting tips from Deloitte professionals.
To take the next step and join our progressive and motivated team, please contact Gunika Arora: [email protected]
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© 2023. For information, contact Deloitte Touche Tohmatsu Limited
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Fund Reporting Resume Samples
The guide to resume tailoring.
Guide the recruiter to the conclusion that you are the best candidate for the fund reporting job. It’s actually very simple. Tailor your resume by picking relevant responsibilities from the examples below and then add your accomplishments. This way, you can position yourself in the best way to get hired.
Craft your perfect resume by picking job responsibilities written by professional recruiters
Pick from the thousands of curated job responsibilities used by the leading companies, tailor your resume & cover letter with wording that best fits for each job you apply.
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- Provide input and ideas for the continuous improvement of the reporting process; assist with development and implementation of reporting efficiencies
- Audit support for the Investment Fund Financial Statements and Management Report of Fund Performance
- Complete daily, weekly, monthly and quarterly net asset value and sales reports for internal reporting and senior management
- Assist in administration and review of Fund Facts documents and ETF Summary Documents for regulatory filings
- Prepare and analyze reports with respect to performance returns, fund security holdings and classifications, assets levels and other data for both internal and external groups
- Work closely with WFG, Fund Marketing, and the broader CSG team on streamlining and transforming
- Support the annual and semi-annual Investment Fund Financial Statement production and review. Including analysis and disclosure of items such as Financial Risk, Fair Value, and Fund Fees & Expenses
- Engage with team members for performance & career management, including setting goals & providing timely feedback
- Manager performance for team members with goal setting and regular feedback, performance evaluation, coaching and mentoring
- Assisting the team in maintaining existing reporting procedures, tools and workflows necessary to facilitate the process
- Manage and lead the team; guide and encourage team members to do their work effectively
- Perform UAT testing for any of the new enchantments and work on the project cycle
- Support all aspects improvement of the Reporting processes, including opportunities to build efficiency and enhanced control measures
- Prepare and deliver all assigned manual and automated client reports and other assigned tasks with highest accuracy and in timely manner through the use of reporting tools and procedures
- Develop project plans with guidance of manager
- Preparation of financial data for internal management reporting, DC&P/Certification meetings, proxies and other ad-hoc financial and analytical requests
- Assist in Financial Highlights reviews for N-1A updates
- Work with various internal and external groups to design, implement and monitor project plans
- Responsible for special projects assigned by management in relation to the Fund Administration function or specific reporting cycles
- Interact with the audit firms to ensure timely delivery of financial statements and related support and resolution of audit issues/requests
- Outline and document key processes through conducting walkthroughs, meetings and other procedures
- Strong attention to detail with the ability to work in a fast paced, time sensitive environment
- Strong research and interpretation skills of accounting related matters
- Knowledge of NI 81-102, 81-106 and Canadian Mutual Fund Regulatory framework
- Knowledge of International Financial Reporting standards (IFRS) and financial statement preparation principles and relevant controls
- Working knowledge of mutual fund industry including the accounting for mutual funds
- Understanding of SEC rules governing mutual funds and financial reporting including Regulation S-X, Regulation N-1a and N-2 and the Investment Company Act of 1940
- Working knowledge of Microsoft Office Suite - Excel, Word and Access
- Strong team based work skills
- Strong organizational skills
- Strong written and oral communication skills
8 Fund Reporting resume templates
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- Fact sheet production across wide range of asset classes and vehicles
- Full involvement in setting up factsheet templates/business requirements
- On-going maintenance of Key Investor Information Documents (KIIDs)
- Monitor regulatory, technical and marketplace developments, analyse potential impact and recommend actions
Fund Reporting Clerk Resume Examples & Samples
- Gather faxed and emailed fund price & value data from outside offices for sub-advised funds
- Update sub-advised fund Excel data files and export them to the FundStation database. Complete self-review and peer review of input for accuracy and reasonableness
- Check Fund Station reports for status of internally processed funds to ensure that information has been received within expected time frames. Manipulate specific reports in FundStation to allow early release of data as necessary
- Verify that all outgoing data via fax, email, and system files have been sent. Verify that company websites have been updated with daily NAV data. Investigate and follow-up lack of updates as necessary
- Confirm the receipt of transmissions to transfer agent, gathers, reviews and verifies output reports
- Make outbound and receive inbound calls to/from broker/dealers, vendors, supervisors, peers, and internal customers in communicating the status of processed data
- Set report parameters and generate the daily NAV Sheet and Fund Net Asset reports
- Write simple reports according to defined parameters to pull fund information for monthly summary reports. Complete self-review and peer review of input against source documents. Distribute as appropriate
- Update and distribute monthly dividend announcements to outside parties via fax and email. Complete self-review and peer review of input against source documents
- Update and maintain distribution lists and business recovery documents
- Assist with the input and transmission of data required by the Investment Company Institute (ICI) on a monthly basis
- Assist supervisor with special projects by manipulating reports, writing simple reports, and verifying information against source documents as assigned
- Assist with other projects or tasks as needed
- Candidates with customer service and PC applications skills are preferred
- Proficiency in Microsoft Word and an intermediate proficiency in Excel, strong accuracy and attention to detail, good communication skills, 10-key touch, typing
- Basic accounting knowledge a plus
Business Analyst, Fund Reporting Resume Examples & Samples
- Understand complex accounting issues, develop comprehensive financial modeling programs and perform quality control checks on the output of other analysts
- Provide support to Continuous Improvement workstream teams in conducting analysis of current operations and best practice reviews
- Report progress against commitments and highlight issues
- Prepare periodic reports for internal reporting to CFO, Funds, management and the funds’ Audit Committee
- Expected to gain a strong understanding of the Fund Accounting and Fund Reporting systems (PAS, FundStation, LiveDoc, FundSuite) and assist in daily operations, as required
- Assist in updating policies and procedures in the Fund Administration departments
- Assist in conducting cost-benefit analyses and providing analytical support, as required
- Support Fund Administration teams on corporate initiatives and projects, as required
- Provide business analysis support to the Fund Reporting department
- Apply solid accounting knowledge in preparing the funds’ regulatory reporting requirements, and strong analytical skills in preparing periodic internal and external reports on the funds
- Provide support to existing databases and facilitate process improvements through use of Access databases, PAS and FundSuite reporting
- Support product shelf changes by evaluating accounting and operational impact
- Support production of financial statements for exchange traded funds (ETFs)
- Support production of Fund Fact Documents
- Assist in gathering database system requirements; assist in developing system specifications; planning, coordinating and testing system changes
- Responsible for delivering on tasks that may be part of larger initiative projects
- Minimum of three years of practical experience in a financial services environment required
- A minimum of two years fund accounting/fund reporting experience in mutual fund industry preferred
- Knowledge of IFRS, NI 81-102, NI 81-106 and Canadian Mutual Fund Regulatory framework
- Strong MS Office skills – in particular Access, Excel, PowerPoint and Visual Basic
- Demonstrated comprehensive understanding of NI-81-102 and NI 81-106
- Highly developed oral and written communication skills
- Previous business analysis experience an asset
- Experience in database management and Crystal reporting an asset
- Awareness of emerging accounting issues and industry trends an asset
- Knowledge of fund administration systems (e.g., FundSuite, FundStation, PAS) an asset
- Some project management skills an asset
Fund Reporting Analyst Resume Examples & Samples
- Responsible for accurate, timely and efficient completion of semi-annual and annual fund financial reports
- Prepare and analyze reports for both internal and external users e.g. Globe & Mail, Fundata, Statistics Canada, etc
- Compile fund related data for marketing, reporting and compliance users
- Prepare financial data for Simplified Prospectus (SP) and Annual Information Fund (AIF) filings and renewals
- 2-4 years’ experience in the mutual fund industry required, preferably in a Fund Accounting or Fund Reporting role
- Advanced knowledge of Excel including ability to write macros, knowledge of Microsoft Office and Microsoft Access required
- Awareness of emerging industry trends
Factsheets / Fund Reporting Sales Support Resume Examples & Samples
- Preparation of monthly and quarterly fund fact sheets and reporting materials for a range of products and client types
- Enhance the reputation of the business by distributing fund data to group companies
- Sourcing and formatting data for outsourced production and internal department use
- Maintenance of all sales support materials including maintenance of Key Investor Information Documents (KIIDs)
- Creation and ownership of wider marketing literature such as bid/offer spreads and fund charge sheets
- Assist the team in developing the business model to optimise delivery and identify new channels for future growth
- Communicate and negotiate with senior portfolio managers and key stakeholders on a regular basis
- Assist the team on any ad hoc tasks
- Experience in an asset management firm in a similar role, or wider investment management experience either in-house or at a Data Publication organisation
- Data management experience. Needing to be hands on day to day with experience of Fund Databases and use of Morningstar and Lipper
- Ability to analyse and review fund data, and deliver clear and concise reports for internal and external review
- Mastery of Microsoft Office, particularly MS Word and Excel
- Attentive to detail, organised and client-focused individual who takes pride in their work and can work well both individually and as part of a larger team
Global Fund Reporting Solutions Analyst Resume Examples & Samples
- Takes responsibility for maintaining and continuously improving reporting materials and other distribution modules (i.e., Web, Morningstar) that are both channel and product-specific
- Ability to multi-task and work independently
- Builds awareness for the Global Reporting Team through the execution of our business plans as well as assisting with strategic marketing initiatives to develop new marketing plans
- Actively seeks to drive business results by identifying opportunities to strengthen our internal and external reporting of products and sales tools
- Liaises with sales and product teams to communicate product data and content in reports
- Liaises with different internal groups, of all levels, including sales/marketing, Fund Services, client relationship management, Digital Strategy and compliance
- Executes independent projects to enhance team efficiency
- Strong technical skills to understand all data/statistics pertaining to GSAM’s and Mutual Funds
- Deep understanding of GSAM and Federation infrastructure
- Strong project management skills and ability to communicate with impact
- Highly skilled analytically
- Ability to multi-task and meet multiple deadlines
Global Fund Reporting Solutions, Analyst Resume Examples & Samples
- Highly skilled analytically with attention to detail
- Powerpoint, Excel & Word proficiency
- Knowledge of Asset Management business and products
Associate Analyst, Fund Reporting Resume Examples & Samples
- Utilizes various Fidelity applications, the Analyst prepares annual and semi-annual shareholder reports analyzing information received from a variety of sources including the Fund Accounting audit package. The Analyst is expected to demonstrate a thorough understanding of how information flows from the accounting applications into financial statement presentation
- Performs qualitative reviews of shareholder reports to determine appropriate presentation and adherence to SEC, CFTC, OSC and U.S and Canadian GAAP requirements to ensure published shareholder reports are free of material misstatement
- Identify, analyze, coordinate and participate in the research of issues across funds and fund groups to determine impact on shareholder and other regulatory reports
- Prepare quarterly portfolio listings for "40 Act" and/or FIC funds to ensure accuracy of reporting and presentation in accordance with regulatory guidance and Fidelity standards
- Prepare monthly and quarterly holdings reports for institutional products to ensure accuracy of reporting and presentation in accordance with industry guidance and Fidelity standards. Validate schedules and reconciliations received to support the holdings information and disclosures
- Prepare regulatory reports such as 24f-2 and Form N-1A and Form N-SAR to ensure compliance with regulations and consistency among filings to ensure filings are free of material misstatements. Demonstrate a strong understanding of the inter-relationship of the annual reports and the regulatory report requirements
- Ability to work within centralized teams in support of the financial statement production process. Scope of work is defined within a specific function or process and can involve more complex processes or assignments. Effectively integrates this work into the overall production process in an efficient manner
- Identify and assess risk and prescribe actions to minimize risk regarding financial statement disclosure, the reporting process and the business. Recommend controls for specific problems to ensure risk and exposure are properly mitigated. Follow up as assigned to ensure recommended actions are taken
- Develop and maintain good working relationships with internal and external customers and business partners through effective written and verbal communication skills to obtain necessary information in order to resolve/escalate issues and ensure a smooth production process. Actively participate in department initiatives and seek opportunities to facilitate client requests
- Focus on process to improve efficiency, present innovative recommendations and implement resolutions across the department
- Bachelor's Degree in accounting, finance, business or the equivalent plus 2-4 years prior experience in the mutual fund industry
- Computer skills (spreadsheet software)
- Knowledge of financial statements
- Ability to work under pressure to meet deadlines (ability to prioritize, organization skills and time management skills)
- Ability to embrace and adapt to an ever-changing regulatory environment
Fund Reporting Support Spv Resume Examples & Samples
- Minimum Bachelor Degree
- Minimum 3 years work experience, including a minimum of one year working in the investment management company or other financial industries
- Have integrity and dedication
- Have ability to analyze with a good degree of accuracy
- Have ability of time management with a good level of punctuality
- Able to speak English both oral and written
- Mastering computer applications (MS Office, etc.)
- Ability to work alone or in teams
- Support the annual and semi-annual Investment Fund Financial Statement production and review. Including analysis and disclosure of items such as Financial Risk, Fair Value, and Fund Fees & Expenses
- Support the annual and semi-annual Management Report of Fund Performance production and review. Including the analysis and disclosure of items such as Financial Highlights, Ratios and Supplemental Data
- Monthly and Quarterly Investment Fund Reporting
- Analysis and implementation of relevant IFRS accounting standards and regulatory updates
- Manage external deliverables and relationships with auditors, fund accounting, French translator, print designer, and printer
- Strong analytical & financial reporting skills
- Accounting designation or significant process towards
- Knowledge and experience with report writing tools
- Computer skills, Microsoft Office products, (Accounting and spreadsheet software)
- Able to prioritize and work under pressure to meet deadlines
- Embrace and adapt to an ever-changing regulatory environment
Director, Fund Reporting Resume Examples & Samples
- Your effective leader as demonstrated through partnering, vision setting, goal setting, prioritizing and providing strategic momentum
- Your strong analytical skills, excellent interpersonal and communication skills, very strong organizational and facilitation skills, Advanced technical knowledge of investments, accounting (GAAP) and SEC regulations governing the mutual fund industry
- Your strong computer skills, including Microsoft Office applications
- Your ability to work with all levels of management and make high impact decisions quickly and accurately
- Your strong knowledge of mutual fund accounting
- Your ability to manage and prioritize multiple projects
Mutual Fund Reporting & Administration Professionals Resume Examples & Samples
- 8-12 years experience at a broker/dealer, hedge fund, or other investment management firm
- CPA and/or MBA is desirable;4-year bachelor degree required
- Ability to multi-task and demonstrate a sense of urgency required
- Strong Excel skills and aptitude to learn new systems is a must
- Prepare annual and semiannual shareholders reports for John Hancock mutual funds of low to medium complexity including financial statements, financial highlights, expense examples and notes to financials
- Reconcile custodian bank reports and related audit packages and Fund Treasury reports to the shareholder reports produced
- Review fund trial balances and custody reconciliations for reasonability, participate in the expense reconciliation process to verify that fund accounting is accruing and booking expenses correctly on a monthly basis, and maintaining an accounts payable reconciliation
- Communication and resolution of accounting and reporting items with Custodian Banks, as necessary
- Coordinate and review the flow of information necessary to complete shareholder reports, including Managers Discussion of Fund Performance, Performance Pages, Portfolio of Investments, tax disclosures and Legal items (Directors and Officers tables, 15(c) inserts, etc.). Requires interaction with internal John Hancock Groups (Fund Administration, Legal, Investment Operations, etc.) to ensure the accuracy, integrity and timeliness of information included
- Prepare/review of audit confirmations. Including the reconciliation and follow-up with third parties
- Prepare reporting and/or supporting schedules for certain SEC filings, including Forms N-SAR, N-CSR, NQ, N-MFP, N-1a and N-2
- Participate in departmental initiatives, including the annual review and maintenance of policies and procedures, reporting checklists and other projects
- Additional preparation of support for the funds
- Bachelors’ Degree in Accounting or Finance
- Advanced degree (MBA, MSF or MST) or certification (CPA or CFA) helpful, but not necessary
- 2+ years’ experience in mutual fund industry or in an accounting/reporting role
- Knowledge of FundSuite system preferred
- Understanding of U.S. Generally Accepted Accounting Principles (US GAAP) surrounding the accounting and reporting of mutual funds/investment companies
Manager, Fund Reporting Resume Examples & Samples
- Your in-depth technical knowledge of investments, accounting (GAAP) and broad business knowledge of mutual fund industry and regulations
- Your strong organizational and time management skills and ability to prioritize
- Your ability to work as a team player
- Your ability to embrace and adapt to an ever-changing regulatory environment
Fund Reporting & Controls Analyst Resume Examples & Samples
- Ownership and management of deduction processing and data integrity sweeps for assigned funds, including resolution of any resulting issues
- Ownership and management of all reconciliations, including resolution of exceptions and variances
- Preparation of client reports, which includes data requests as set out in the Service Level Agreement and/or agreed ad-hoc requests, ensuring accuracy and timeliness
- Your experience with Customer Service Management
- Your experience with Transaction Processing Operations
- Your experience with Customer Support Policies, Standards and Procedures
- Your Problem Resolution Process experience
- Your experience with Standard Operating Procedures (SOP)
- Your knowledge of Operational Systems
- Your knowledge of internal controls
- Your ability to be flexible and adaptable
Associate Analyst, Fund Reporting RDP Resume Examples & Samples
- Your knowledge of Fund Accounting, Pricing, and Securities Excellence
- Your experience with Operational Metrics
- Your knowledge of risk management
- Your knowledge of regulatory compliance
- Your attention to detail
- Your analytical thinking
- Your ability to influence
Analyst Client & Fund Reporting Resume Examples & Samples
- Prepare Fund Factsheets
- Liaise with various groups like client portfolio managers, client account managers, sales teams and technology partners to gather required information for production and/or enhancements
- Outstanding accuracy and attention to detail
- Maintaining a high level of competency when reviewing data and reports, and quickly identifying both data and format issues
- Need to be creative, flexible
- Graduate with 4-5 year of experience / Post graduate with 2-3 year of experience
- Any investment accounting knowledge and/or regulatory experience would be extremely advantageous
- Financial market awareness and understanding of basic financial concepts
- Outstanding numeracy/quantitative skills
Senior Analyst Client & Fund Reporting Resume Examples & Samples
- Clear focus on managing client assets and delivering strong risk-adjusted returns
- Investment professionals providing strategies spanning the full spectrum of asset classes, including equity, fixed income, cash liquidity, currency, real estate, hedge funds and private equity
- Respond to client queries
- Assisting other team members with various tasks, including reviews of the tasks completed
- Ability to communicate in a clear, concise and efficient manner with multiple teams
- Organization, prioritization and multi-tasking skills
- Self-starter and motivated, able to prioritize key tasks effectively
- Graduate with 5+ year of experience / Post graduate with 3+ year of experience
- CFA level 1 could be a distinct advantage
- Understanding of the asset management business, various asset classes and investment products is desirable
- Ability to quickly gain broad knowledge of the range of assigned JPMAM investment products, in order to succeed in the role
- Microsoft Excel, PowerPoint, Word, Adobe Acrobat and Outlook skills (intermediate/advanced)
- Excellent communication skills, both verbal and written; excellent writing skills in English
Associate Client & Fund Reporting Resume Examples & Samples
- Oversight of the process, making sure requests are completed & delivered with highest accuracy & timeliness
- Engage with team members for performance & career management, including setting goals & providing timely feedback
- Managing stakeholder expectations with regular updates and strong governance model
- Respond to client queries, complete various ad-hocs, custom reports & other tasks as assigned
- Escalate issues / concerns to management as necessary
- Maintain group mailbox, trackers and assist with MIS reporting
- Assist training to junior colleagues where relevant
- Able to manage a team, encourage, guide and assist the team members to do their assigned tasks effectively
- Ability to manage stakeholder expectations and build strong governance model
- Control orientated and Risk awareness is essential. Understand Operational Risks to reduce Risk Profile
- Ability to work collaboratively with local and global teams, as well as on own initiative; sensitivity to different cultures and working styles
- Graduate with 8+ year of experience / Post graduate with 6+ year of experience
- Client / Fund Reporting, investment accounting knowledge and/or regulatory experience would be extremely advantageous
- Produce all distinct fund materials, which are either unique to the funds or in support of funds that are not a 1-to-1 with an underlying strategy
- Work closely with the Investment Reporting teams on coordination and content of materials for funds where there is a clear 1-to-1 with an underlying strategy already covered by the Investment Reporting Analysts
- Assist, as needed, with letters and commentaries across all funds
- Act as front-line for intake and response on all fund reporting requests from GRG, liaising with WFG as needed
- Partner with WFG, Fund Marketing, and Legal & Compliance to understand the fundamentals of our funds, the general reporting needs of our fund clients, and the guidelines which govern our activities related to marketing and client reporting
- Serve as an internal subject matter expert on fund content to the other roles within CRS
- Assist in defining the team’s processes, policies, and workflows required to achieve team goals and ensure strong partnership and ongoing engagement with WFG and Fund Marketing
Fund Reporting Senior Accountant Resume Examples & Samples
- Work to continuously improve the quality of internal controls in Fund Reporting to minimize the business exposure to all forms of operational, financial and compliance risks
- Prepare annual and semiannual shareholders reports for John Hancock mutual funds of varying complexity including financial statements, financial highlights, expense examples and notes to financials
- Communication and resolution of accounting and reporting items with internal and external groups, as necessary
- Assist with the implementation of new regulatory pronouncements related to the required disclosures in the mutual funds’ financial statements
- Coordinate and review the flow of information necessary to complete shareholder reports, including Managers Discussion of Fund Performance, Performance Pages, Portfolio of Investments, tax disclosures and legal items (Directors and Officers tables, 15(c) inserts, etc.). Requires interaction with internal John Hancock Groups (Fund Administration, Legal, Investment Operations, etc.) to ensure the accuracy, integrity and timeliness of information included
- Interact with Print Production team to coordinate the timeliness of the completion of shareholder reports in order to hit publishing/regulatory deadlines
- Prepare reporting and/or supporting schedules for certain SEC filings, including Forms N-SAR, N-CSR, NQ, N-1a and N-2
- Coordinate with Print Production team and/or external vendors to ensure completeness and accuracy of items included in regulatory filings
- Prepare or review supporting schedules needed for each cycle
- Advanced degree (MSA, MBA, MSF or MST) or certification (CPA or CFA) helpful, but not necessary
- 3+ years’ experience in mutual fund industry or in an accounting/reporting role
- Advanced knowledge of mutual fund industry including the accounting for mutual funds
- Strong understanding of SEC rules governing mutual funds and financial reporting including Regulation S-X, Regulation N-1a and N-2 and the Investment Company Act of 1940
- Strong understanding of U.S. Generally Accepted Accounting Principles (US GAAP) surrounding the accounting and reporting of mutual funds/investment companies
- Strong team oriented skills, and ability to show leadership
- Advanced usage of Microsoft Office Suite - Excel, Word, PowerPoint and Visio
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Sharing the wealth: arp allocations have benefited many in the area.
Staff file photo / Ed Runyan Coitsville Township fire Chief J.R. Warren is seen near the original restroom area in the Coitsville Township Fire Department that is being replaced with new decontamination / restroom facilities with $144,000 in American Rescue Plan funds allocated to the department by the Mahoning County commissioners last March. The new restrooms will enable first responders to decontaminate the gear they wear during fire and ambulance calls.
YOUNGSTOWN — Starting with the announcement in March 2021 that the Mahoning County commissioners were receiving $44 million in American Rescue Plan funds to offset the economic harm brought on by COVID-19, there has been excitement that the funds would make communities better, possibly even “transformational.”
The commissioners from Mahoning and Trumbull counties met in late June 2021 to talk about a collaboration. A week later, Mahoning commissioners were announcing their first allocation — $300,000 to Second Harvest Food Bank of the Mahoning Valley to provide more food to people in need.
The funds came from the $1.9 trillion federal American Rescue Plan Act of 2021, which was approved in March 2021 to accelerate the nation’s recovery.
Several days later, major local economic development groups made presentations to the Mahoning County commissioners on projects that would help the community, such as funds for the county’s new Campus of Care on East Countyline Road in Austintown.
Valley Partners of Liberty suggested allocating funds to its organization to create a revolving loan fund to continue offering small business grants the way it had done earlier in the pandemic with CARES Act stimulus funds.
By September 2021, officials were lamenting the restrictions that had been placed on how the $250 million in ARP funds coming into the Mahoning Valley could be used.
“A lot of the CARES Act money came to communities without a lot of strings attached. This is a lot different. Every string is attached,” said Terrence Slaybaugh, vice president of infrastructure and sites with JobsOhio, during a Lunch & Learn panel presented by the Youngstown / Warren Regional Chamber.
Slaybaugh called the ARP funds a “generational opportunity” to make the state of Ohio stand out among other Midwestern states. He added that guidelines for the funds — which still were being finalized — say they must be used specifically to help people, businesses and areas impacted by COVID-19. He said the guidelines prevented using the money for “traditional” economic development.
By Oct. 7, 2021, with help from the county prosecutor’s office in interpreting the ARP rules, the commissioners allocated $2 million to Valley Partners for the revolving loan fund and $453,000 to Meridian HealthCare to enable it to improve its facility on West Chalmers Avenue on the South Side. The commissioners later added another $1 million to the revolving loan fund.
Teresa Miller, Valley Partners executive director, said the $3 million was so Valley Partners could make small-business loans of up to $100,000 at low interest rates for a short term.
When asked last week how it turned out, Miller said, “We have exceeded our expectations. As of Sept. 30, 2023, we have lent the funds to 37 companies for a total of $3,257,325. As a result of these projects, 168.5 new jobs are expected to be created in the next two years for Valley residents.”
She said the goals for the money were to “get the funds into the hands of Mahoning County businesses affected by the pandemic that needed access to capital to start or grow their business.”
Miller said it was a great decision for economic development because it’s not a quick, one-time fix.
“The fund will revolve in perpetuity and be here 40 years from now for other entrepreneurs to start or expand their business,” she said. “As the loan funds are paid back, they remain in the account for lending, and that is how it revolves.”
She noted that the $3,257,325 “has already revolved and been lent out.”
The commissioners also awarded Valley Partners another $1 million that was used to make small business grants of $10,000 or less based on their revenue loss from 2019 to 2020 because of the pandemic. That money went to 110 small businesses.
When Mahoning County Commissioner Dave Ditzler was asked last week what he thought was the most effective use of the funds, he said his focus always has been about directing the funds toward helping people, businesses and infrastructure.
People needed assistance with food and utilities, businesses needed help to stay afloat during critical times and he said funds for infrastructure were done to improve communities and “create economic development for job opportunities.”
Commissioner Carol Rimedio-Righetti said she is thankful for the ARP funding and specifically mentioned the help given to small businesses through Valley Partners and nonprofit organizations.
Traficanti said the revolving loan fund was a unique opportunity.
“Before, communities like us never had that opportunity to fund a revolving loan fund for businesses, so the ARP money gave the county the ability to allow businesses to apply for funds that they may never have had the ability to do,” he said. “It allowed businesses to make applications to keep their businesses, to expand businesses.”
NONPROFITS AND GOVERNMENT
On Oct. 15, 2021, the commissioners allocated $500,000 to Catholic Charities Regional Agency and $500,000 to the Mahoning Youngstown Community Action Partnership to distribute to people needing mortgage assistance.
A week later, on Oct. 21, 2021, the commissioners revealed a $1 million allocation to Boardman Township to help pay for the $3 million Forest Lawn Sanitary Sewer Park along Market Street. Its goal is to alleviate flooding in the township.
Boardman Township Trustee Tom Costello said recently that construction of the 1 million-gallon park is expected to begin in the spring.
The commissioners also announced they were allocating $750,000 of ARP funds to assist Campbell with its 12th Street Corridor Project, which involves reduction of blight, street-scaling and assistance to small businesses. Sarah Lown of the Western Reserve Port Authority was involved in the project through the Mahoning County Community Improvement Corp., which the port authority manages.
In November 2021, the commissioners allocated $300,000 to the Mahoning County Agricultural Society to add restrooms to the new Event Center at the Canfield Fairgrounds and $368,361 to Mahoning County Public Health to address racial equity and transportation issues.
A lesser-known group receiving funds was the nonprofit Foster’s Farm Therapeutic Center on East South Range Road in Petersburg. It is an equine and recreational facility that offers “a safe and positive experience to help students in need, especially at-risk children,” said Megan Foster, a member of the Foster family that runs it. Her mother, Bonnie Foster, is a board member.
The commissioners allocated $170,000 in November 2021 to assist with the construction of a barn and indoor horse-riding area. The group built the barn and held an open house Oct. 28 to mark the completion of the project, which was partly paid for with the ARP funds.
Megan Foster said last week the facility’s goals are to “help students heal by building a relationship with the horses and other animals. The youth are able to care for and bond with the animals, allowing them the ability to build self-esteem.”
The program also encourages creativity, assertiveness, leadership, teamwork and positive relationships. It helps them learn how to work through frustrations and fears and how to take constructive criticism, she said.
After allocating $4.5 million in late November 2021 to speed up the start of construction on roads, bridges and other projects approved by voters, the commissioners had allocated about $20 million of its $44 million.
The following month, they allocated $1.75 million to the Western Reserve Port Authority to continue upgrades at the Campus of Care. The port authority manages the facility on behalf of the county commissioners. Projects included asphalt resurfacing; upgrades to water, sewer, plumbing and electric; and sound system and lighting upgrades. Other areas are work on residential units.
To start 2022, about $650,000 was allocated to the Mahoning County Domestic Court to hire a full-time magistrate and assistant to eliminate barriers to domestic violence victims getting protection orders where warranted.
In February 2022, they allocated $250,000 to Animal Charity of Ohio, the county’s humane agency, to have a second humane agent for three years. The group operates on donations.
Audrey Tillis, county administrator, said about $24 million had been allocated so far. The county had received about $21 million of that from the federal government at the time with another $21 million coming later in 2022.
In March 2022, the commissioners awarded $185,000 to the county recorder’s office to “backscan” deeds, mortgages and other documents from 1980 to 1985. In May, they announced the allocation of $250,000 to the Campbell Board of Education for the Whole Child Whole Family Service Center, which provides specialized mental health services and pediatric care, Campbell Superintendent Matthew Bowen said.
They allocated $79,000 in August 2022 to the Help Hotline Crisis Center and $250,000 in September to assist with redevelopment of Riverfront Park in Lowellville. Later in September they allocated $2.1 million to the MYORIS project to speed up the county’s internet access and computer system connectivity across the county’s 70 buildings.
In October, they allocated $300,000 to the Mahoning Valley Community School to help it get a South Side building ready to use. MVCS is a nonprofit community drop out and recovery school at 2725 Gibson St. on the South Side, sharing space in the city school district’s Woodrow Wilson Alternative School.
To start 2023, the commissioners allocated $50,000 to the Mahoning County Board of Developmental Disabilities for a playground project behind the Leonard Kirtz School in Austintown. The Coitsville Fire Department was awarded $144,000 in March 2023 to help with the cost of building new restrooms at its fire station on North Hubbard Road for decontamination of their firefighting gear after returning from an ambulance or fire call.
They allocated $400,000 in May 2023 to the Mahoning County Fire Chiefs Association for scholarships to encourage more people to enter the emergency medical services and firefighting fields and brought the total of funds allocated to Valley Partners for its revolving loan fund to $3 million.
In June 2023, they allocated $1.5 million to expand broadband services to underserved rural areas within the county. The areas are in Springfield, Goshen, Milton, Jackson and Smith townships.
At a commissioners meeting in late June, they allocated over $3 million, including $475,000 to the city of Struthers for a Vactor truck that will help with the upkeep of the city’s sewer mains; $348,000 to Austintown for stormwater construction and replacement; and $150,000 to Family and Community Services for a shelter for veterans.
In July 2023, they allocated another $250,000 to Animal Charity of Ohio to help it improve a second building it now owns at 8469 Southern Blvd. in Boardman. They later added $250,000 for the Alliance for Congregational Transformation Influencing Our Neighborhoods, or ACTION, to operate its Mobile Market, which involves use of a van that travels through Youngstown. The program’s goal is to reduce food insecurity and provide healthy food.
In August, the commissioners allocated $100,000 each to the Community Food Center Inc. and its Gleaners Food Bank on Pyatt Street in Youngstown and to New Bethel Baptist Church for its multipurpose community center project on Hillman Avenue on the South Side.
As of September, about $2 million in ARP funds were left after allocating about $12.4 million in 2023, about $8.4 million in 2022 and about $21.4 million in 2021.
Tillis said the commissioners have until the end of 2024 to complete their allocations.
The total allocation from the federal government was $44,418,992, Tillis said. At some point, the county was notified that the total was about $42 million, but that turned out to be erroneous, Tillis said.
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U.S. government once again begins preparing for possible shutdown
With only eight days before federal funding is set to expire, federal agencies and programs readied for major interruptions to their public services.
For the second time this year, the U.S. government on Thursday began making formal preparations for a possible federal shutdown, as hard-line House conservatives once again threatened to leave Congress unable to meet a fast-approaching fiscal deadline.
With only eight days remaining before current funding expires, the White House’s top budget office told federal agencies to ready their plans for a major interruption, which could see millions of civilian workers and military personnel sent home or forced to work without pay after Nov. 17.
U.S. braces for costly government shutdown
The scramble underscored the increasingly dire political situation on Capitol Hill, where lawmakers have made little progress since staving off the last potential shutdown less than two months ago. Even as the House prepared on Thursday to conclude its legislative work for the week, the chamber still did not have a fully developed plan in hand to extend federal funding, days after House Speaker Mike Johnson (R-La.) urged the public to “ trust us .”
Complicating matters, a small but powerful bloc of far-right House Republicans has refused to consider any short-term funding deal unless it includes steep budget cuts — an approach that President Biden and his fellow Democrats see as unpalatable. The bloc has been especially emboldened after ousting Johnson’s predecessor in the aftermath of the last debate over government spending.
With no resolution in sight — and time rapidly dwindling — the impasse raised the odds that a wide array of federal programs could grind to a halt next week . It prompted the Office of Management and Budget to hold initial conversations with agencies about the shutdown process, as it usually does one week before funding expires, according to a person familiar with the matter, who spoke on the condition of anonymity to describe the private communication.
Speaking to reporters before boarding Air Force One earlier Thursday, Biden implored the House to “just get to work,” adding: “The idea we’re playing games with a shutdown at this moment is just bizarre.”
In a shutdown, only the most vital government services would function. Seniors could continue to receive Social Security checks and use Medicare benefits, and the U.S. mail would still be delivered. But most federal health-care, education, science, research and labor programs would sputter or cease, unleashing real hardship on American families — and the broader economy — that intensifies with each passing day.
Without funding, the government would pause some federal inspections meant to ensure food and water safety. It could not continue research into cancer cures and other innovative therapies. Some museums, parks and passport offices could close. Seniors could not obtain new Medicare benefit cards. And a slew of federal programs that aid the poor — including those that provide child care, nutrition assistance, college financial aid and housing support — would start to exhaust their reserves in ways that could leave low-income families facing new financial strains.
What furloughed workers need to say if they can’t pay rent, mortgage
Approximately 2 million federal workers , meanwhile, could see substantial interruptions in their pay, with some forced to report to the job anyway. That includes bag inspection agents at airports, who protested previous shutdowns by refusing to work, at times snarling air travel. The nation’s 1.3 million active-duty troops similarly must continue to helm their stations without pay — though all of these workers would receive back pay once the shutdown ends.
In recent days, House Republicans have wrangled over how, exactly, to avert a crisis, as they race to adopt a short-term funding measure known as a continuing resolution. GOP leaders have not yet decided for how long to extend federal spending or whether to stagger the funding deadlines for each federal agency — a laddered approach, as party lawmakers have described it, that Democrats find unworkable.
“That’s the craziest, stupidest thing I’ve ever heard of,” Sen. Patty Murray (D-Wash.), the chairwoman of the Senate Appropriations Committee, charged on Thursday.
For House Republicans, the task has been especially precarious, as they look to salve their political wounds after a restive far-right minority removed Rep. Kevin McCarthy (R-Calif.) as speaker. It took nearly a month before GOP lawmakers could settle on Johnson as a replacement, while the chamber made no discernible progress on funding the government and averting a shutdown.
“We spent three weeks together trying to figure out who the speaker is, we get behind the speaker, we all came together singing kumbaya, holding hands, everything was great,” said Rep. Troy E. Nehls (R-Tex.), a member of the House Freedom Caucus. “Now we are, what, two weeks later — we can’t get appropriations bills — we’re a week away from shutting down the government potentially.”
“Whatever we do, I don’t think anybody in the Republican Party truly wants to shut down the government,” he added. “I’m hoping we don’t get there.”
The two parties also remain at sharp odds over emergency aid for Ukraine and Israel. GOP lawmakers generally support money only for Israel, and they hope to couple the spending with domestic budget cuts and other, unrelated policies, including border enforcement. Democrats broadly disfavor that approach, yet GOP leaders have committed to voting on a bill next week.
“We’re going to keep the government open,” said Rep. Don Bacon (R-Neb.) during an interview earlier Thursday on C-SPAN.
The Senate, meanwhile, took its first procedural step on Thursday toward considering a bill that could extend government funding. The stopgap would permit Congress more time to work out longer-term appropriations bills that would fund the government through Sept. 30, 2024.
But Republicans have struggled to move those spending bills in the House as well: Earlier Thursday, Johnson had to pull from the floor a bill that would fund agencies and programs including the Treasury Department, after moderates balked over its inclusion of language that would bar the District of Columbia from enforcing a local law protecting people who have abortions from discrimination. The loss of support imperiled the bill in the narrowly divided House, where Republicans possess only a slim majority.
The spat marked the second time this week that Johnson has had to withdraw spending legislation amid battles among his party’s warring factions. Broadly, House Republicans hope to slash federal spending on health care, education, science and nutrition, marking a break with some of the more modest changes proposed in the Senate, where the two parties have tried to craft a bipartisan compromise.
Jacob Bogage and Jeff Stein contributed to this report.
Australia's Magellan Financial shareholders vote against remuneration report
- Magellan Financial Group Ltd Follow
Nov 8 (Reuters) - Magellan Financial Group's (MFG.AX) board received a "first strike" on Wednesday, with shareholders voting against the Australian fund manager's remuneration report on executive pay, following years of share price slide and fund outflows.
More than 58% of its shareholders voted against the adoption of the remuneration report at Magellan's annual general meeting (AGM).
As more than 25% of shareholders rejected the remuneration report, or made a "first strike", the company's board faces the prospect of re-election if there is a similar outcome at next year's AGM.
The company has been grappling with falling shareholder confidence and decline in its share price since its co-founder Hamish Douglass announced a surprise exit in February 2021.
Magellan's total assets under management stood at A$34.3 billion ($22.07 billion) as at Oct. 31, compared with A$114.8 billion as of September 2021.
The company's stock has fallen 20.1% this year so far and is currently trading at A$6.9. It had reached around A$51 in July 2021.
"I acknowledge and appreciate we have tried your patience over the last 2 years," said Executive Chairman and CEO Andrew Formica.
Formica acknowledged the feedback from shareholders and said the firm had a plan in place to return to growth and turn around the company.
Magellan has a strong balance sheet he added, and it was actively exploring acquisition opportunities.
($1 = 1.5540 Australian dollars)
Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
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Motherhood penalty ‘has driven 250,000 women out of jobs’
Cost and difficulties of balancing work and childcare has led one in 10 to quit, says Fawcett Society
About a quarter of a million mothers with young children have left their jobs because of difficulties with balancing work and childcare, according to a report by an equal rights charity that calls for the end of the “motherhood penalty”.
This juggling act, as well as the punitive cost , has led more than 249,124 working mothers of children aged four or under to leave their employer, according to the Fawcett Society.
A lack of flexible working arrangements and affordable childcare combined with “outdated and toxic attitudes around motherhood” were holding women back, said its chief executive, Jemima Olchawski.
Its survey of 3,000 working parents of preschoolers, conducted jointly with the recruitment firm Totaljobs, revealed that one in five working mothers had considered leaving their job because of the difficulties of balancing work and childcare. One in 10 had handed in their notice because of this, rising to 13% of single mothers.
It added that too many women are stuck in roles that were below their capabilities, missing out on opportunities to progress their careers, and essentially consigning them to the “mummy track” for ever, it adds.
Olchawski said it “isn’t good enough to have supportive policies on paper. Businesses need to make those a reality in the workplace and create genuinely family-friendly cultures.”
With two-fifths of working mothers confessing to having turned down a promotion or career development opportunity owing to concerns that it would not fit in with their childcare arrangements, Olchawski said businesses and government needed to prioritise “ending the motherhood penalty by properly supporting women to balance their work and caring responsibilities. The UK simply cannot afford to let these talents go to waste.”
Alongside the mothers exiting the workforce, the poll also revealed that three out of four working parents have had to take unpaid leave becuase of childcare responsibilities, with higher rates for women from non-white backgrounds and single mothers.
Jane Lorigan, the chief executive of Totaljobs, pointed to critical labour shortages in the economy and warned that the pressures of childcare could ultimately have a longer-term impact on an ever-shrinking workforce.
“There are more mothers in the workplace than ever before, and businesses need to create an environment where they can flourish,” said Lorigan. “Not only do working parents need more support, but we need to ensure this support extends to the people who need it the most.”
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A government spokesperson said: “We are delivering the single biggest investment in childcare in England’s history, providing 30 hours a week for working parents from nine months old up to when they start school, all backed by £8bn a year once fully rolled out.
“Our flexible working bill requires employers to consider any requests and provide a reason before rejection, and we have launched a call for evidence to increase understanding of the role of informal flexible working in supporting employees, including parents.”
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