Fund Administration Specialist

Company Profile Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer investment strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, public equity, public credit, and liquid alternative offerings. We manage approximately $68bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate. GMO is privately owned and employs over 430 people worldwide. We are headquartered in Boston, with additional offices in Europe, Asia and Australia. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results. Please follow the prompts included in this job posting to apply. The application window for this role is anticipated to remain open until the job is filled, or as otherwise determined by GMO. Position Overview We are seeking an individual to join the Fund Administration team at GMO. The candidate should have at least 5 years of relevant fund administration experience, whether achieved through previous experience at an investment management company or fund administration service provider. The individual will work closely with others in the team and with service providers on our mutual funds and ETFs. The candidate will gain knowledge on our complex product types. Primary Responsibilities Responsible for expense accruals and budgeting. Work with internal groups for expense budgeting and expense forecasting. Responsible for expense processing, allocations and tracking for mutual funds and ETFs. Perform management fee calculations which include complexities such as reimbursements, waivers and recoupments. Work closely with service providers to ensure accurate and timely processing. Understand accounting entries as they relate to treasury functions. Review financial statements for expense-related disclosures. Prepare and review prospectus and SAI expense disclosures. Respond to auditor’s treasury related questions during annual audits. Responsible for 15(c) board report (in particular fee comparison and fund profitability sections). Support board reporting including preparation of board materials as needed. Participate in fund launches and liquidations as needed. In addition to the above responsibilities this position will also be involved in the review of annual and semiannual financial statements, and monthly/quarterly schedule of portfolio holdings for SEC registered funds (mutual funds and ETFs), hedge funds (onshore and offshore), Australian domiciled funds and Irish domiciled funds. Required Skill Set College degree with at least 5 years direct experience Strong understanding of various mutual fund and ETF structures Excellent attention to detail and analytical skills Team player Ability to identify and implement process improvements Use of professional skepticism when appropriate Very strong organizational skills Proven ability to prioritize and manage multiple projects simultaneously while working under time constraints Proactive and motivated, able to spot needs and willing to step in and help Proficient in Excel Excellent communication skills $85,000 - $100,000 a year This is a reasonable, good faith estimate of the current salary range for this role. GMO’s salary range accounts for a wide array of factors that are considered in making compensation decisions including but not limited to skill sets and market demand for skills; level of experience and training; specific qualifications, performance, time in role/company, geographic location, and other business and organizational needs. In addition, this position is eligible for a discretionary annual bonus award, which award may be determined by individual, team, department and firm performance, and is subject to the terms of GMO’s compensation plan. This position is also benefits eligible. GMO’s comprehensive benefits program includes medical insurance, dental insurance, life insurance, long-term disability coverage, a 401(k)/profit-sharing retirement plan, open paid time off, leaves of absences, dependent care resources, tuition reimbursement, charitable gifts matching, flexible spending accounts, and commuter benefits. GMO is currently operating in a hybrid work model with the current expectation that the Fund Administration Specialist will be in the office a minimum of 2 days per week (with those days being Tuesdays and Thursdays) and the balance of the week working either in the office or remotely (to be discussed with the candidate). GMO is committed to the recruitment, employment, and promotion of all candidates equally, regardless of an individual's gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law. GMO will not offer visa sponsorship for this opportunity. #J-18808-Ljbffr