Associate Manager, Fund Services
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Job no: 571793
Work type: Full time
Location: San Diego, California, United States
Categories: Funds
Office Location: USA - San Diego
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About TMF Group
TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. We provide legal, financial and employee administration through TMF Group’s teams in 120 offices
Our San Diego Fund Accounting team keeps on growing and we're looking to add an Associate Manager to perform the following activities:
Key responsibilities:
Assist Manager with administrative and operational duties
Ensure client deliverables are prepared accurately and with a high level of quality
Reconcile all portfolio and cash activity to source data
Ensure fund expenses are accrued timely and in accordance with GAAP
Prepare and review investor allocations and ensure fee calculations and allocations are booked accurately
Prepare monthly Net Asset Value reporting while following the established accounting procedures and controls
Performance and review of complex (multi‐step) call and distribution calculations for closed‐end fund structures (subsequent close, penalty interest, equalization)
Supervise and review the end‐to‐end process of fund accounting, including booking all fund transactions, position and cash reconciliations, month end valuations, corporate action processing, and production of monthly financial statements, investor statements and audit drafts
Initial review on Associates' work
Training and oversight of Associates
Draft annual financial statements for audit for new and existing funds
Supervision of the audit and tax relationships; overseeing the year‐end audit and tax return process
Point of contact for client’s service providers (e.g., audit/tax, bank, broker and counsel)
Coordinate deliverables and oversee workload in collaboration with peers from other regions
Key requirements:
Identify and track inefficiencies caused by client issues; suggest resolutions to Manager
Relationship building; both internal and external
Be able to identify client needs and respond quickly
Consistently and proactively build and enhance relationships (internally and externally)
Proactive ownership and accountability for clients and client‐related activities
Post-secondary education/University Degree with a concentration in finance or accounting.
4+ years experience working in the fund administration industry with experience managing Staff. This can include other administrators, investment managers or fund auditors
Must be proficient with Microsoft Excel
In-depth understanding of fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review. Hedge fund/open-ended fund experience would be beneficial
Have a working knowledge of Bloomberg would be beneficial but not necessary
Experience with fund accounting software Archway ATWeb would be an asset
Salary range: 85k - 115k
What's in it for you?
Pathways for career development
Work with colleagues and clients around the world on interesting and challenging work.
We provide internal career opportunities, so you can take your career further within TMF.
Continuous development is supported through global learning opportunities from the TMF Business Academy.
Making an impact
You’ll be helping us to make the world a simpler place to do business for our clients.
Through our corporate social responsibility program, you’ll also be making a difference in the communities where we work.
A supportive environment
Strong feedback culture to help build an engaging workplace.
Our inclusive work environment allows you to work from our offices around the world, as well as from home, helping you find the right work-life balance to perform at your best.
Want to know more about a career with TMF Group? Watch this video:
Advertised: 26 Apr 2024 Mountain Daylight Time
Applications close: 31 May 2024 Mountain Daylight Time
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