40 Act Paralegal

abrdn • Philadelphia, PA

7d • Hybrid

About The Position

The 40 Act Paralegal supports the Senior Product Governance Managers and the US Counsel – Head of Product Governance in carrying out Product Governance processes and activities. The role helps ensure Aberdeen’s products meet corporate, legal, and regulatory obligations and supports corporate initiatives, with a particular focus on U.S. registered open-end funds, ETFs, and closed-end funds.

Product Governance works across internal and external networks to maintain an innovative product and solutions suite, ensure products and related vehicles have appropriate legal, regulatory, and contractual documentation, monitor regulatory changes, and support the product lifecycle for public market asset classes in the Americas. The team also participates in strategy changes, restructurings, and special projects.

Requirements

• Four-year college degree.
• At least 2 years of experience in the mutual fund or financial services industry.
• Solid understanding of U.S. registered funds (open-end funds, ETFs, or closed-end funds), securities laws and regulations, and familiarity with some concepts of the Investment Company Act of 1940.
• Ability to manage multiple responsibilities, meet deadlines in a fast-paced environment, and adapt when priorities change.
• Strong ownership and accountability.
• Close attention to detail and strong analytical skills.
• Curiosity and drive to learn.
• Ethical nature and high standards of integrity, tact, and discretion.
• Excellent verbal and written communication skills.
• High proficiency with Microsoft Word and Excel.
• Less than 5% travel is required.
• Minimum of 3 days per week in the Philadelphia office.
• Overtime as required by certain projects.

Nice To Haves

• Legal or paralegal background preferred.
• Experience at a law firm is a plus.
• Experience with DocuBuilder is a plus.

Responsibilities

• Assist senior Product Governance team members with updates to fund registration statements on Forms N-1A, N-2, and S-3, and fund proxy statements.
• Prepare and file Section 16 Exchange Act forms, Forms N-CSR and N-PX, and other routine SEC filings for registered funds.
• Prepare and file corporate governance forms and correspondence with U.S. exchanges, including NYSE, NYSE American, and Nasdaq.
• Coordinate with client services to provide sub-advised clients with information for their fund filings.
• Assist in reviewing fund shareholder reports.
• Help update fund disclosures and organize, track, and maintain disclosure updates.
• Assist with closings of fund capital structures, including leverage, preferred shares, and overdraft facilities, as needed.
• Assist in preparing Section 15(c) advisory contract renewal materials.
• Prepare draft amendments to fund contracts as necessary.
• Assist in preparing memoranda to fund boards concerning special projects and draft special resolutions as needed.
• Monitor and update internal databases to ensure certain fund data is accurate.
• Maintain fund files and retrieve requested fund documentation as needed.
• Work with and assist other members of the Product Governance Legal/Regulatory team.
• Contribute to a high-performing team, demonstrate corporate values, and promote an inclusive environment.
• Seek internal and external perspectives on clients, markets, and competitors; work with global colleagues to support improvements in product governance in the Americas.
• Prioritize work to meet corporate and strategic objectives, mitigate risk, and continually optimize processes.
• Pursue continual personal development and contribute to inclusive, excellent leadership.

Benefits

• Medical, dental, and vision plans, plus telehealth and Health Concierge services.
• Health, dependent care, and commuter flexible spending plans.
• Employer-provided life insurance, critical illness insurance, and short- and long-term disability coverage, with optional additional coverage.
• 401(k) retirement savings plan with an immediately vested company profit-sharing contribution.
• Generous time off starting on day one, including 4+ weeks of annual vacation and 9 paid holidays.
• Paid parental, adoption, and family sick/caregiver leave programs.
• Volunteer days and study time.
• Charitable donation matching up to $500 per year.
• Employee assistance, travel, and discount programs.
• Optional benefits including accident insurance, identity protection, and legal assistance.
• Wellness program, including nutritional counseling and gym membership reimbursements.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level