Financial Administration Audit Support

Citi • Boston, MA

9d • $94,000 - $141,000

About The Position

The Financial Administration Audit Support Assistant Vice-President oversees assembly of periodic Audit Reconciliations of Custody and Accounting data to aid in the production of investment company (“fund”) financial and related shareholder and client reports, including semi-annual and annual financial statements and quarterly reports. The AVP role is for an individual contributor who would work in a team of financial administration professionals, to support internal and external. A comprehensive understanding of the interrelationship of financial statement schedules is essential and the ability to manage client relationships is a must. Finally, the AVP must maintain a thorough understanding of GAAP and SEC rules and regulations relating to Registered Investment Companies.

Requirements

• Bachelor’s Degree in Accounting, Finance, or business-related area, MBA and/or CPA a plus
• 5-7 years mutual fund (or equivalent) financial reporting experience and fund administration experience
• Prior people management experience a plus
• Understanding of investment company financial reporting requirements & disclosures
• Experience with FIS AAIA fund accounting platform is a plus
• Advanced experience working with Microsoft Office applications required, especially Excel
• Strong leadership 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 competing deliverables
• Willingness to work outside of normal work hours when necessarily, especially during peak financial reporting cycles
• Handle escalated issues timely and appropriately
• Oversee projects effectively
• Ability to promote a positive working environment and influence others to embody the Citi Culture

Nice To Haves

• MBA and/or CPA
• Prior people management experience
• Experience with FIS AAIA fund accounting platform

Responsibilities

• Primary point of contact with auditors on their clients for annual, semi-annual and quarterly reports
• Periodic oversight of cash reconciliations, security reconciliations and manual entries recorded in the accounting system to ensure appropriateness and that reconciling items are resolved timely
• Perform monthly general ledger review
• Provide gold standard quality service to clients and respond proactively to internal and external client inquiries
• Demonstrate an advanced understanding of investment types, mutual funds, and financial markets and serve as a resource for their team and department
• Understand the applicable sections of U.S. GAAP related to financial statement presentation and disclosure
• Understand the applicable sections of Sub Chapter M of the IRC and tax-related financial statement disclosures
• Understand the applicable sections of mutual fund Registration Statements (SEC Form N-1A) relating to financial statement presentation and management’s discussion of fund performance
• Identify opportunities for continuous improvement to reduce risk and improve efficiency
• Manage projects, participate in department initiatives and committees

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees