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Fund Accounting Sr Mgr - VP

Columbus, OH, USA | Citigroup

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Accounting / Control
  • Experience:
    10-12 years
    12-15 years
Job Description:
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The Financial Administration Vice-President oversees production of periodic investment company (“fund”) financial and related shareholder and client reports, including semi-annual and annual financial statements, quarterly administrator reports and periodic filings with the Securities and Exchange Commission (“SEC”), and fund expense management, reporting and payments.The VP is 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 VP must maintain a thorough understanding of GAAP and SEC rules and regulations relating to Registered Investment Companies.In addition to managing a team of financial administration professionals, the VP proactively manages client relationships.


  • Ensure teams provide gold standard 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, training

  • Oversee the preparation of financial statements and review SEC filings (e.g. N-CSR, N-CEN, N-1A, 24F-2, N-PORT, N-MFP)

  • Oversee timely and accurate fund expense payments

  • Perform risk-based review of fund expense budgeting to ensure accuracy and manage risk

  • Conduct discussions with fund officers regarding expense budgets and accruals

  • Manage the annual audit process  

  • Ensure quarterly Board reports are prepared accurately and delivered timely

  • Demonstrate an advanced understanding of investment types, mutual funds, and financial markets and serve as a resource for their team and department

  • Understand the requirements of SEC filings, e.g., Form N-CEN, 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

  • Review periodic fund distributions working with fund accounting and tax

  • Manage fund events (new funds/classes, mergers, liquidations) and the impact to the team’s processes

  • 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

  • Encourage continuous improvement to reduce risk and improve efficiency

  • Manage projects, lead department initiatives, and participate in committees


Bachelor’s Degree in Accounting, Finance, or business-related area, MBA and/or CPA a plus

  • 10 – 15 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 preferred

  • Experience with FIS AAIA fund accounting platform is a plus

  • Advanced experience working with Microsoft Office applications required, especially Excel

Ability to demonstrate the following attributes consistently well:

  • Strong leadership and people management skills

  • Attention to detail, a sense of urgency for deadlines, and solid organizational skills

  • Strong 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, especially 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

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