Sr Treasury Associate
Be responsible for supporting the day to day Mutual Fund Treasury expense and payable management activities and controls, along with frequent reporting functions. Prepare/review Budgets, Financial Drafts, Prospectus/SAI, Expense Payable Analysis, and other centralized activities for the Columbia Threadneedle Investments business. Support invoice processing and other tasks, if needed. Responsibilities
Create and analyze Expense Budgets for assigned fixed expense categories. Research budget changes and payment fluctuations each month and document the explanations for changes. Propose daily accruals and expense adjustments entries, if needed.
Update and perform 1st level review of Expense and Payable Analysis spreadsheets for assigned group of mutual funds. Ensure that fund accruals/payments have been posted as instructed. Be able to perform expense ratio calculations and expenses trend analysis.
Support invoice processing, if needed.
Work closely with the Financial Reporting team and auditors to provide expense support. Review expense related information in the financial reports and provide sign off during annual/semiannual fund reporting cycles.
Prepare prospectus fee tables and provide explanations to management for any significant changes from the prior year. Review the accuracy of expense data and disclosures in the prospectus and SAIs draft documents and bring any questions or concerns to the Legal Team.
Prepare various assigned Treasury Group's recurring deliverables related to calculations, verification, and reporting of fund expenses.
Monitor asset and non-asset based fees and expense caps for assigned group of funds to ensure accruals are set per the agreements.
Assist management on ad-hoc projects related to various types of expense analysis such as new products, mergers, liquidations, fee structure changes, etc. Assist management in documenting Treasury Group processes and policies. Required Qualifications
2+ years of post-qualification experience into mutual fund accounting, fund administration, or fund audit.
1-year experience directly related to Mutual Fund expenses functions.
Degree in Finance and/or Accounting is required.