Fund Administrator II

Fund Administrator II

This role will plan, organize and oversee the preparation of financial statements, board of directors / trustees meeting materials, expense payments and accruals, compliance testing and performance data, for full service clients as assigned. Review the work of and provide feedback / training for Fund Administrator I. Serves as a primary contact for clients and present to client boards for personal clients as well as those of Fund Administrator I.

Key Functions :

Expense Management : Determine applicable fees based on final contractual terms and establish accruals. Analyze and review expense payments before transmission to client for approval. Determine appropriate allocation method for invoices. Review expense analysis and recommend accrual changes to clients and fund accountants.

Financial Statements : Prepare or direct the preparation of shareholder financial statements to meet GAAP and regulatory requirements. Review for accuracy the 40 17G (fidelity bond), N PX (proxy) and 24f 2 (sales) filings. Review financial information and other material for prospectus updates. Prepare notes to the financial statements based on requirements of the fund and GAAP.

Fund Distributions : Analyze for accuracy the distribution calculation including multi class allocations.

Board Reporting : Prepare draft agendas and materials for board meetings. Represent UMB at client board meetings. Prepare and present appropriate material at meetings.

Compliance Testing : Identify and prepare required monthly / quarterly SEC, Fund, and IRS compliance tests. Review compliance testing results for any breaches that fall outside of acceptable tolerance ranges before presenting to clients.

Performance Monitoring : Review fund performance data and benchmark comparisons.

Other : Respond to internal and external ad hoc requests. Update Client Managers and others as necessary regarding client activities.

Qualifications : Bachelor's Degree in accounting, finance or related field. One year of fund administration experience or related industry experience. Fundamental understanding of applying GAAP. Demonstrated career progression. Understanding of expense budgeting and accruals. Ability to facilitate group meetings and / or presentations. Performance and results oriented. Proficient Microsoft Excel knowledge. Demonstrated initiative in a highly regulated, deadline driven environment. Strong analytical and critical thinking skills. Ability to maintain a strong client servicing relationship.

Compensation Range : $49,510.00 - $95,170.00

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.

Are you ready to be part of something more? You're more than a means to an enda way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.