Mutual Fund Accounting Analyst

SEI1GLOBAL • Upper Providence Township, PA

3d • Hybrid

About The Position

SEI Investments Distribution Company (SIDCO) is a wholly owned subsidiary of SEI Investments Company, incorporated in Pennsylvania in July 1981. SIDCO is a broker registered with the Securities and Exchange Commission, the National Association of Securities Dealers, Inc., and securities commissions in all fifty states, the District of Columbia, and Puerto Rico. SIDCO also distributes shares in various regulated investment companies. The Accounting Team in SIDCO is responsible for Financial and Regulatory Report for the Broker Dealer, Maintenance of accounting and brokerage systems, Maintenance of General Ledger Systems, Client billing and accounts receivable management, Mutual Fund distribution related payment process, and Internal control compliance. The Distribution Fee Accounting team records and pays all invoices including mutual fund fee related invoices.

Requirements

• BS/BA degree in Business, Accounting, Finance or related field
• A minimum of 2 years of relevant work experience
• Strong technical skills and experience working with various accounting and/or billing systems
• Demonstrated experience in the Microsoft Office suite
• Proficient in Microsoft Excel needed
• Strong communication, organizational and problem solving skills
• Ability to handle escalated issues thoroughly and professionally
• General financial services knowledge

Nice To Haves

• Ability to think and work independently as well as in a team environment
• Ability to prioritize, multi-task and follow through with goals and objectives
• Attitude of responsibility and accountability for accomplishing stated objectives
• Ability to brainstorm and troubleshoot
• Approach process improvements creatively and innovatively
• Analytical, financial analysis, organization and planning skills

Responsibilities

• Assemble, review and verify Mutual Fund Fee related invoices, contracts, and T/A reports
• Flag and clarify any unusual or questionable invoice charges
• Calculation of 12b-1, Shareholder Servicing, Administrative and Advisor payment allocations
• Process mutual fund fee related invoices in Great Plains Accounting System
• Assist with making payments to intermediaries (Checks, Wires, ACH)
• Reconcile mutual fund fee related receivable/payable transactions
• Research and resolve invoice discrepancies and issues
• Correspond with mutual fund clients and respond to inquiries
• Provide supporting documentation for audits
• Maintain accurate historical records
• Participate in training opportunities to increase industry expertise.
• Work on special projects as required

Benefits

• comprehensive care for your physical and mental well-being
• a strong retirement plan
• tuition reimbursement
• a hybrid working environment for most roles
• support for working parents
• flexible Paid Time Off (PTO)
• healthcare (medical, dental, vision, prescription, wellness, EAP, FSA)
• life and disability insurance (premiums paid for base coverage)
• 401(k) match
• education assistance
• commuter benefits
• up to 11 paid holidays/year
• 21 days PTO/year pro-rated for new hires which increases over time
• paid parental leave
• back-up childcare arrangements
• paid volunteer days
• a discounted stock purchase plan
• investment options
• access to thriving employee networks

What This Job Offers

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