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Fund Accounting Oversight Senior Associate / Assistant Manager
Fidelity International
Los Angeles, CA, United States
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About the opportunity
Key Responsibilities
Oversight of the TPAs to ensure:
• Timely & accurate production of daily NAVs
• Application of local Regulatory & Financial Accounting Standards in respect of the Fund Accounting and preparation of Financial Statements for FIL’s Taiwan Funds, including, but not limited to, the accurate & timely:
• Capture & processing of Corporate Actions [incl. PM decisions on Voluntary Events]
• Recording of stock & cash transactions, resulting positions for valuations, and reconciliation of positions between Fund Accounting books & records and Bank Accounts at the Custodian
• Reporting & resolution of breaks in stock, cash, income & WHT records
• Reporting & resolution of any regulatory breaches, and/or NAV Errors
• Calculation, accrual & payment of Fund expenses & fees, and calculation/reporting of TERs/FERs, and recording of “On-going Charges” in Key Fact Statements
• Calculation and recording of Fund Distributions, and the reporting of Income Forecasts, Yield Calculations & Stable Distribution Rates
• Timely and accurate provisioning of Fund Accounting Data for Investment Management and Business Stakeholders
• Support for Fund, Share Class & Insurance Linked Product launches/mergers/terminations
• Support for the timely & accurate preparation of Funds Financial Statements, including Board Approvals & Filing with the Regulators
• Prepare other related regulatory reporting, ensuring timely & accurate submission to the Regulator(s)
• Support for ensuring that TPA delivers consistently high levels of service, through maintenance of, and assessments against, SLAs, which are reviewed with the TPA in Monthly Operational Review Meetings
Other key responsibilities include:
• Support for the continuous assessment of operations & practices, to identify inefficiencies, and deliver improvements to address these
• Support the continuous assessment of actual, and potential, risk within the function, assessing the impacts and addressing risks identified in a timely & effective manner
• Drafting of processes, procedures, controls and other documentation, in a clear & concise manner
• Provide prompt and accurate responses to Fund Accounting related queries & requests from internal & external Stakeholders and represent the function in Stakeholder meetings
• Support product development & change initiatives
• Support System Enhancement / Regression Testing for the function
• Draft/maintain BCP plans for the function
• Prepare Management Information & KPI reporting for Senior Management
About you
Key Responsibilities
Oversight of the TPAs to ensure:
• Timely & accurate production of daily NAVs
• Application of local Regulatory & Financial Accounting Standards in respect of the Fund Accounting and preparation of Financial Statements for FIL’s Taiwan Funds, including, but not limited to, the accurate & timely:
• Capture & processing of Corporate Actions [incl. PM decisions on Voluntary Events]
• Recording of stock & cash transactions, resulting positions for valuations, and reconciliation of positions between Fund Accounting books & records and Bank Accounts at the Custodian
• Reporting & resolution of breaks in stock, cash, income & WHT records
• Reporting & resolution of any regulatory breaches, and/or NAV Errors
• Calculation, accrual & payment of Fund expenses & fees, and calculation/reporting of TERs/FERs, and recording of “On-going Charges” in Key Fact Statements
• Calculation and recording of Fund Distributions, and the reporting of Income Forecasts, Yield Calculations & Stable Distribution Rates
• Timely and accurate provisioning of Fund Accounting Data for Investment Management and Business Stakeholders
• Support for Fund, Share Class & Insurance Linked Product launches/mergers/terminations
• Support for the timely & accurate preparation of Funds Financial Statements, including Board Approvals & Filing with the Regulators
• Prepare other related regulatory reporting, ensuring timely & accurate submission to the Regulator(s)
• Support for ensuring that TPA delivers consistently high levels of service, through maintenance of, and assessments against, SLAs, which are reviewed with the TPA in Monthly Operational Review Meetings
Other key responsibilities include:
• Support for the continuous assessment of operations & practices, to identify inefficiencies, and deliver improvements to address these
• Support the continuous assessment of actual, and potential, risk within the function, assessing the impacts and addressing risks identified in a timely & effective manner
• Drafting of processes, procedures, controls and other documentation, in a clear & concise manner
• Provide prompt and accurate responses to Fund Accounting related queries & requests from internal & external Stakeholders and represent the function in Stakeholder meetings
• Support product development & change initiatives
• Support System Enhancement / Regression Testing for the function
• Draft/maintain BCP plans for the function
• Prepare Management Information & KPI reporting for Senior Management
About Fidelity International
Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future.
Our people are passionate, engaged, smart and curious, and we give them the independence and the confidence to make a difference. While we take pride in the excellence of our investment solutions and client service, we know we can always do better. We are honest, respectful and make tough calls, challenging the status quo to achieve better outcomes through innovation. Above all else, we always put our clients first.
Find out more about what we do, our history, and how you could be part of our future at:
www.fidelityrecruitment.com/about-us
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