Fund Accounting Intmd. Assoc. Analyst (Hybrid)

Overview:

The Fund Accounting Intermediate Associate Analyst is an entry level position responsible for assisting in a variety of fund valuation activities in coordination with the Operations - Transaction Services team.

The overall objective of this role is to assist in the calculation of daily and periodic Net Asset Valuations (NAVs) for funds and the distribution of associated unit prices.

Responsibilities:

• Support the distribution fund data to internal and external business partners as well as coordinate and review offshore production activities.
• Ensure accurate fund records through review of reconciliation reports.
• Assist in completing all monthly, quarterly, and annual reporting requirements as well as assist with the preparation of financial statements, regulatory filings, and board materials.
• Communicate cash position to the investment advisor as well as research cash and funding holdings differences with custodian.
• Assist with processing, balancing, and reconciling shareholder activity with transfer agent.
• Calculate daily net asset value and market value of portfolio holdings.
• Provide assistance on audits and review work for adherence to procedures and compliance requirements.
• Analyze and monitor client budgets and ensure fund expenses are paid in a timely manner.
• Assist in preparing and calculating tax information and reporting requirements.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup , its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 2-5 years of relevant experience.
• Experience with accounting, finance, or business-related area.
• Working knowledge of industry practices and standards.
• Proficient computer skills with a focus on Microsoft Office applications.
• Consistently demonstrates clear and concise written and verbal communication.

Education:

• Bachelor's degree/University degree or equivalent experience.

Job Background/context:

The Fund Accounting Intmd. Assoc. Analyst will be involved in the on-boarding of the new client's Funds as part of the Fund Accounting Migration workstream. The Global FA Migrations project team is focused on on-boarding new funds to the Citi Fund Accounting platform, FIS-InvestOne, to create and reconcile the opening NAV position.


The role holder should have strong Third-Party Administration Fund Accounting knowledge and be familiar with the reconciliations. Previous on-boarding / migrations experience is preferred.

Job Purpose:

The individual will be working with the Global FA Migration team to define and build a specific Migration processes, workflows, and controls framework in line with the migration approach being implemented for the on-boarding of TPA funds. The role holder will work with the Migration PM to ensure all plans, documentation, artifacts, evidencing, and controls are managed to ensure they meet client expectations.


The individual will be required to lead the data analysis, process design, testing of process, controls & procedures associated with the migration of target funds from the legacy fund accounting system to Citi fund accounting systems.

Key Responsibilities:

• Assist with the Design, build & Implementation of Processes & Control functions for the FA Migration workstream.
• Analysis and mapping of FA Migration Data through the Migration ETL.
• Performing the FA Migration Data Load through the Migration ETL and reconciling the NAV.
• Collation, monitoring and delivery of all evidencing required by the Client within the Migration framework.
• Requirements collation for migration approach & execution.
• Responsible for ensuring Migration "best Practices" are followed during the migration Design, Build, Test & Implementation phases.
• Communicating risks and issues to the Migration PM and Managers in a timely manner.
• Participation in meetings as defined by Migration PM.
• Raise all issues/concerns identified risks promptly to Migration PM.
• Assist with the Design and Implementation of Migration procedures, checklists & rulebooks as directed by the Migration PM.
• Close collaboration with Fund Accounting Ops teams during the Migration events to investigate & resolve defects/breaks.

Job Family Group:
Operations - Transaction Services

Job Family:
Fund Accounting

Time Type:
Full time

Primary Location:
Tampa Florida United States

Primary Location Full Time Salary Range:
$62,620.00 - $87,380.00

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date:
Jul 04, 2024

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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