Position Responsibilities\Requirements:
JOB DESCRIPTION Job Title: Fund Accountant
Department: ROS/Unitization
Location: 500 Northpark
Revision: 10/23/2017
FLSA: Not Exempt
ORGANIZATIONAL RELATIONSHIPS
Reports to Unitization Supervisor who reports to Manager.
GENERAL FUNCTIONS
Responsible for accurate fund accounting for Reliance Collective Investment Trusts (CITs) and unitized funds, including processing and/or review of capital stock activity, trade settlements, income accruals, expense accruals, security pricing, and reconciliation of asset trial balances. Will ensure accuracy of fund Net Asset Values and their proper distribution to relevant firms, brokers, and third-party administrators. Will interface with outside parties, as well as other internal departments, to resolve issues and ensure proper processing of fund activity. Assisting with the responsibilities of other Unitization desks will also be an essential duty of this position. Hours will be dependent on duties, but will be either 8:30 am to 5:30 pm or 10:30 am to 7:30 pm, depended upon the Fund / Unitized Accounts responsible for.
RESPONSIBILITIES AND DUTIES - Must develop expert knowledge of Relianceund Accounting (InvestOne), Custody (AddVantage), Portfolio Management (IMS), and Shareholder Recordkeeping (FIS TA) platforms.
- Perform the calculation of daily Net Asset Values (sor Collective Investment Trusts or Unitized Accounts.
- Confirm that all fund capital stock activity is valid and properly loaded to department systems.
- Ensure that all trades and settlements are accurately processed on Fund Accounting software.
- Review fund expenses and expense accrual calculations daily.
- Maintain calendar of anticipated income and corporate actions on fund assets and ensure income and corporate actions are properly processed on the appropriate date.
- Review reconciliation of shareholder, cash, and security positions between Shareholder Services, Fund Accounting, and Custody systems and ensure that all out of balance issues are addressed and documented.
- Ensure that all fund securities are accurately valued daily.
- Responsible for accuracy of fund Net Asset Values and their proper distribution to relevant firms, brokers, and third-party administrators.
- Monitor e-mail for directions applicable to processing on desk.
- Respond to client, broker, and TPA queries concerning fund activity, positions, and NAVs timely and accurately.
- Assume ownership and accountability for designated tasks, and assist other staff as needed.
- Meet all time-sensitive deadlines.
- Communicate clearly with other Reliance staff to ensure that client directed fund activity, security corporate actions, and reconciliation issues are appropriately acted upon.
- Participate in fund conversions and deconversions
- Review operational controls and procedures for adequacy and compliance.
EXPERIENCE AND SKILL PREFERENCES
- Experience in Fund Accounting.
- Experience with processing security transactions: could include asset trading, processing corporate actions, handling security transfers, or security position reconciliation.
- Familiarity with InvestOne Fund Accounting system, and AddVantage Trust Custody system.
- Experience in Shareholder Servicing or Transfer Agent responsibilities.
- Experience interacting with the NSCC (National Securities Clearing Corporation), or DTC (Depository Trust Corporation).
MINIMUM SOFTWARE PROFICIENCY REQUIREMENTS * Microsoft Office suite (particularly comprehensive knowledge of Excel).
EXPERIENCE AND SKILL MINIMUM REQUIREMENTS
- BS/BBA Accounting and/or Finance or equivalent accounting experience.
- Must show initiative and not wait for direction.
- Outstanding writing and communication skills.
- Detail-oriented, should possess strong organizational skills.
- Ability to determine appropriate priority level for tasks and responsibilities based on instructions.
- Ability to learn quickly, motivation to research subjects related to job.
FIS the world's largest global provider dedicated to financial technology solutions. FIS empowers the financial world with software, services, consulting and outsourcing solutions focused on retail and institutional banking, payments, asset and wealth management, risk and compliance, trade enablement, transaction processing and record-keeping. FIS' more than 53,000 worldwide employees are passionate about moving our clients' business forward. Headquartered in Jacksonville, Florida, FIS serves more than 20,000 clients in over 130 countries, and our technology powers billions of transactions annually that move over $9 trillion around the globe. FIS is a Fortune 500 company and is a member of Standard & Poor's 500® Index.
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FIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here: and here:
For positions located in the US, the conditions below apply. If you are made a conditional offer of employment, you will be required to undergo a drug test and background check (including criminal record check) ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.
As part of the selection process this role may require an assessment to determine suitability
Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
