Citi
Vice-President, Financial Reporting & Administration
Citi, Boston, Massachusetts, us, 02298
The Financial Administration Senior Manager, Vice-President (“VP”) oversees production of periodic investment company (“fund”) financial and related shareholder and client reports, including semi-annual and annual financial statements, Tailored Shareholder Reports (“TSR”), quarterly administrator reports and periodic filings with the Securities and Exchange Commission (“SEC”), and fund expense management, reporting and payments. The VPs are responsible for managing a team of financial administration professionals, working with internal and external clients to design and maintain efficient, effective fund financial reporting and client reporting processes. A comprehensive understanding of the interrelationship of financial statement schedules is essential, as well as fund expense and budgeting oversight. The VPs must maintain a thorough understanding of U.S. Generally Accepted Accounting Principles (“GAAP”) and SEC rules and regulations relating to Registered Investment Companies. In addition to managing a team of financial administration professionals, the VPs proactively manage client relationships.
Responsibilities:
Ensure teams provide quality service to clients and respond proactively to internal and external client inquiries
Perform all aspects of people management, including annual performance management cycle, hiring, feedback, mentoring and training
Oversee the preparation and perform risk-based reviews of financial statements in accordance with GAAP and SEC rules and regulations
Oversee timely and accurate budgeting and expense payments
Manage the annual audit process
Ensure quarterly Board reports are prepared accurately and delivered timely
Demonstrate an advanced understanding of investment types, mutual funds, ETFs, and financial markets and serve as a subject-matter expert resource for their team and department
Review the information disclosed and understand the requirements of SEC filings (e.g. N-PORT, N-MFP, N-CSR, N-CEN and 24F-2, etc.) including filing deadlines, information sources, and the electronic filing process
Understand the applicable sections of Sub Chapter M of the IRC and tax-related financial statement disclosures
Understand the applicable sections of mutual fund Registration Statements (SEC Form N-1A) relating to financial statement presentation, total return and fee table disclosures, and management’s discussion of fund performance
Provide thought leadership on fund events (e.g., conversions, launches, liquidations, mergers)
Partner with Technology on business requirements documentation, testing and roll-out of new automation solutions
Encourage continuous improvement to reduce risk and improve efficiency
Manage projects, lead department initiatives, and participate in committees
Qualifications:
Bachelor’s Degree in Accounting, Finance, or business-related area or equivalent work experience, MBA is a plus
10+ years mutual fund (or equivalent) financial reporting experience and fund administration experience
Prior people management experience required
Comprehensive understanding of investment company financial reporting requirements & disclosures and expense management
Licenses or Certifications: Certified Public Accountant (“CPA”) is a plus
Experience with FIS InvestOne fund accounting platform, including MBOR and OLE functionality, is a plus
Experience with Confluence Unity financial reporting platform, including Publishing and Workbook functionality, is a plus
Advanced experience working with Microsoft Office applications required, specifically Excel
Attributes:
Superior leadership and people management skills
Superior attention to detail, a sense of urgency for deadlines, and solid organizational skills
Superior written and verbal communication skills and interpersonal skills to foster client and internal relationships
Proactively balance team resources and workflow requirements
Willingness to work outside of normal work hours when necessarily, particularly during peak financial reporting cycles
Conduct monthly coaching/feedback sessions with direct reports and regular team meetings
Ability to review and understand contracts and agreements
Handle escalated issues timely and appropriately
Oversee projects effectively
Ability to promote a positive working environment and influence others to embody the Citi Culture
Job Family Group:
Operations - Transaction Services
Job Family:
Fund Accounting
Time Type:
Full time
Primary Location:
Boston Massachusetts United States
Primary Location Full Time Salary Range:
$123,360.00 - $185,040.00
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:
Sep 13, 2024
Citi is an equal opportunity and affirmative action employer.
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.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review
Accessibility at Citi .
View the " EEO is the Law " poster. View the
EEO is the Law Supplement .
View the
EEO Policy Statement .
View the
Pay Transparency Posting
#J-18808-Ljbffr
Responsibilities:
Ensure teams provide quality service to clients and respond proactively to internal and external client inquiries
Perform all aspects of people management, including annual performance management cycle, hiring, feedback, mentoring and training
Oversee the preparation and perform risk-based reviews of financial statements in accordance with GAAP and SEC rules and regulations
Oversee timely and accurate budgeting and expense payments
Manage the annual audit process
Ensure quarterly Board reports are prepared accurately and delivered timely
Demonstrate an advanced understanding of investment types, mutual funds, ETFs, and financial markets and serve as a subject-matter expert resource for their team and department
Review the information disclosed and understand the requirements of SEC filings (e.g. N-PORT, N-MFP, N-CSR, N-CEN and 24F-2, etc.) including filing deadlines, information sources, and the electronic filing process
Understand the applicable sections of Sub Chapter M of the IRC and tax-related financial statement disclosures
Understand the applicable sections of mutual fund Registration Statements (SEC Form N-1A) relating to financial statement presentation, total return and fee table disclosures, and management’s discussion of fund performance
Provide thought leadership on fund events (e.g., conversions, launches, liquidations, mergers)
Partner with Technology on business requirements documentation, testing and roll-out of new automation solutions
Encourage continuous improvement to reduce risk and improve efficiency
Manage projects, lead department initiatives, and participate in committees
Qualifications:
Bachelor’s Degree in Accounting, Finance, or business-related area or equivalent work experience, MBA is a plus
10+ years mutual fund (or equivalent) financial reporting experience and fund administration experience
Prior people management experience required
Comprehensive understanding of investment company financial reporting requirements & disclosures and expense management
Licenses or Certifications: Certified Public Accountant (“CPA”) is a plus
Experience with FIS InvestOne fund accounting platform, including MBOR and OLE functionality, is a plus
Experience with Confluence Unity financial reporting platform, including Publishing and Workbook functionality, is a plus
Advanced experience working with Microsoft Office applications required, specifically Excel
Attributes:
Superior leadership and people management skills
Superior attention to detail, a sense of urgency for deadlines, and solid organizational skills
Superior written and verbal communication skills and interpersonal skills to foster client and internal relationships
Proactively balance team resources and workflow requirements
Willingness to work outside of normal work hours when necessarily, particularly during peak financial reporting cycles
Conduct monthly coaching/feedback sessions with direct reports and regular team meetings
Ability to review and understand contracts and agreements
Handle escalated issues timely and appropriately
Oversee projects effectively
Ability to promote a positive working environment and influence others to embody the Citi Culture
Job Family Group:
Operations - Transaction Services
Job Family:
Fund Accounting
Time Type:
Full time
Primary Location:
Boston Massachusetts United States
Primary Location Full Time Salary Range:
$123,360.00 - $185,040.00
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:
Sep 13, 2024
Citi is an equal opportunity and affirmative action employer.
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.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review
Accessibility at Citi .
View the " EEO is the Law " poster. View the
EEO is the Law Supplement .
View the
EEO Policy Statement .
View the
Pay Transparency Posting
#J-18808-Ljbffr