Fund Administration Analyst

Who You’ll Work With:

The Global Fund Administration department is responsible for the oversight of approximately 600 pooled vehicles domiciled in the US, Luxembourg, Cayman Islands, as well as other global locations across the world.  We oversee the day-to-day Net Asset Value calculation as well as the regulatory and client reporting requirements as required on a product-by-product basis. This role supports the firm’s pooled vehicles and GFA overseas all pooled products for the firm.

The Fund Administration Analyst plays a key role in the administration of the day-to-day activities of all pooled vehicles for the Global Fund Administration department.  The candidate will play an integral role in ensuring the requirements of our internal and external customers are managed efficiently and effectively as we look to provide “Best in Class Service” to all of our customers.

The vast line of products we have within GFA, should provide you with great exposure and experience you normally will not see within a fund complex. You are not doing the day-to-day accounting, which gets redundant and tiring after some time.  Our role is more analytical in nature.

The oversight nature of this role allows a candidate to take their accounting knowledge to become more analytical in nature.  We have a vast array of product types for candidates to learn over time, and we are a department that prefers to promote from within when the opportunity arises.

What You’ll Do:

• Ensure Fund Compliance with regulatory bodies (IRS, SEC, CSSF and others)

• Prepare Reports and schedules for Internal Customers (Portfolio Managers, Marketing, Legal, etc.)

• Assist in audit coordination and Shareholder Report review

• Prepare income analysis for Dividend Committee Meetings

• Review expense analysis as well as creating new budgets

• Resolve operational problems or issues

• Analyze NAV Calculations for accuracy

• Strong knowledge of various alternative products - private equity funds, hedge funds, CLO funds

• Understand the conceptual differences in private equity funds vs hedge funds

• Understand the operational flows of capital calls, waterfall distributions, funded and unfunded capital

• Strong understanding of incentive fees and have experience is setting up these calculations

• Recommend and participate in the implementation of changes and enhancements to the department

• Keep management informed of any problems that arise on assigned funds

• Assist on special projects as needed

• Process Improvements

• Document procedures

• Reply to client requests

What We’re Looking For:

• Minimum 3 years of experience in the mutual fund or finance industry as well as a 4-year degree in a business field (preferably accounting or finance related). 

• Proficient knowledge of mutual fund accounting is required.

• Must have knowledge of tax issues, SEC regulations, financial reporting and the use of spreadsheets. 

• Excellent analytical skills, communication skills, organizational skills, and problem-solving skills. 

• Demonstrate proficiency in standard desktop applications (Excel, Word, Outlook, etc).

• Knowledge of RIC reporting requirements, financial reporting experiences and any alternative product knowledge is a plus. 

• Candidates with process management/improvement experience is preferred.

About AB 

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work. 

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us! 

All are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law.  AB’s policies and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job-related criteria.