ab business services private

Fund Administration Financial Reporting Senior Analyst

India
November 1, 2023
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Deadline date:

Job Description

Ops Job Description:

We are seeking a Pune, India based Financial Reporting Senior Analyst to join our Accounting Team in Global Fund Administration

Describe the role:

The Financial Reporting Analyst will report to the Manager of our Financial Reporting group within GFA.  The Financial Reporting Analyst is responsible for reviewing and creating consistencies among AllianceBernstein shareholder reports.  The candidate will play an integral role in ensuring the reports drafted are  “Best in Class Service” to all of our customers.

The role requires excellent analytical skills, communication skills, organizational skills, and problem-solving skills.  The knowledge and skills required are acquired through the completion of a college education as well as experience in the mutual fund industry.  The candidate should demonstrate proficiency in standard desktop applications (excel, word, outlook, etc).

Describe the applications and business or enterprise functions the role supports:

The Financial Reporting Analyst will work on reviewing shareholder reports, get involved in building out new financial reporting disclosures and work with our administrators and auditors to ensure our shareholder reports are produced timely and accurately.

This role supports the firm’s pooled vehicles and GFA overseas all pooled products for the firm.  The GFA team supports our global customers’ information needs by supplying timely and accurate data that support various critical functions.  The analyst will work directly with both internal and external business partners.  The application used allows the ability to view all data in a central location in order to review and approve the form being filed with the regulatory agencies. 

The key job responsibilities include, but are not limited to:

Specific responsibilities may include but not be limited to:

  • Incorporate comments on all financial reports from all parties (i.e. GFA Fund Accounting, Auditors, Legal, etc.)
  • Communicate changes in GAAP rules for financial statement presentation to the operating groups and accounting agents.
  • Review Shareholder Letters (i.e. performance, SEC yield, etc.)
  • Provide information on the notes to financial statements (i.e. 12b-1 expenditures in excess of the 12b-1 fee, front and back end sales load, T/A expense offset arrangement etc.)
  • Responsible for the review of reports to shareholders for style, consistency and accuracy.
  • Work with the banks, printers and attorneys on the S.E.C. NSAR filing, N-30D filing and 485B filing.
  • Prepare and update yearly schedules for Shareholder reports.
  • Prepare calendars for banks, auditors and fund accounting to follow in the preparation and review of the reports.
  • Responsible for maintenance of Financial Reporting checklists and bank accuracy sheets
  • Keep management informed of any problems that arise on his or her funds
  • Liaise with our vendors and various internal teams in preparation of the shareholder and potentially other regulatory reports

What makes this role unique or interesting (if applicable)?

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.  The role requires analytical thinking in support of the reporting process.

What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate?

The oversight nature of this role allows a candidate to take their accounting knowledge to become more analytical in the analyst role.  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.

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Job Qualifications (The ideal candidate should have the following):

Qualifications, Experience, Education:

The ideal candidate should have a minimum of 5 – 7+ 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). 

Skills:

The candidate should have a proficient knowledge of mutual fund accounting. The job requires knowledge of SEC regulations, financial reporting as well as the use of spreadsheets.  Knowledge of various GAAP reporting (U.S., International, Lux GAAP, etc) is a plus for this role.  The role also requires excellent analytical skills, communication skills, organizational skills, and problem-solving skills.

The knowledge and skills required are acquired through the completion of a college education as well as experience in the mutual fund industry.

Special Knowledge (if applicable):

The candidate should demonstrate proficiency in standard desktop applications (excel, word, outlook, etc). Knowledge of various reporting requirements (RIC, Lux, Partnership, etc), financial reporting experiences and any alternative product knowledge is a plus.  Candidates with process management/improvement experience is preferred.

Pune, India