Senior Fund Accountant

Wellington Management•Boston, MA

40d•$80,000 - $150,000•Hybrid

About The Position

Wellington Management is seeking a Senior Fund Accountant to join their dynamic and collaborative Fund Control & Operations (US Funds) team. This role is crucial for safeguarding the integrity of Wellington's Funds and supporting exceptional client outcomes. The Senior Fund Accountant will be responsible for the accuracy, integrity, and control of fund accounting, valuation, performance, and operational activities across various investment products including mutual funds, collective investment trusts, interval funds, hedge funds, and private funds. This position requires a blend of fund accounting knowledge with advanced analytical, operational, and technology capabilities. The Senior Fund Accountant will independently manage complex issues, lead projects, oversee third-party service providers, and drive process improvement and automation initiatives to enhance scalability, control effectiveness, and operational efficiency. The role involves extensive collaboration with internal teams such as Technology, Treasury, Valuation, Security Operations, and Internal Audit, as well as external partners like Fund Administrators, Custodians, and Transfer Agents, to ensure well-controlled and scalable processes that support investment operations and protect shareholder interests.

Requirements

Bachelor’s degree in accounting, finance, economics, information systems, or related discipline.
4+ years of experience in fund accounting, fund administration, or fund operations.
Baseline knowledge of mutual funds, collective investment trusts, hedge funds, interval funds, and alternative investments.
Understanding of GAAP and fund accounting principles.
Baseline understanding of accounting for fixed income and common stock.
Strong interpersonal skills and experience in a collaborative, team-based, results-oriented environment.
Demonstrated analytical, problem-solving, and stakeholder management skills.

Nice To Haves

Progress toward MBA, CFA is a plus.
SQL and database querying
Advanced Excel (Power Query, Pivot Tables, VBA preferred)
Tableau and data visualization
Alteryx workflow development
SharePoint and workflow tools
Python

Responsibilities

Perform daily oversight of fund accounting activities conducted by third-party administrators.
Review trial balances, expense accruals, receivables, payables, security positions, and capital activity.
Investigate and resolve accounting exceptions with limited supervision.
Serve as an escalation point for accounting and operation matters applying specialized expertise.
Review pricing exceptions, fair value determinations, stale prices, and valuation-related risks.
Analyze complex securities, derivatives, structured products, alternative investments, and privates.
Prepare valuation support materials and participate in valuation governance and oversight processes.
Monitor portfolio-level valuation trends, identify emerging risks, and escalate concerns when appropriate.
Review and validate fund and share class performance returns.
Oversee cash, position, valuation, and market value reconciliations.
Analyze exceptions for root causes and implement sustainable remediation solutions.
Evaluate operational controls and identify opportunities to strengthen oversight processes.
Maintain high standards of documentation, control evidence, audit readiness, and regulatory compliance.
Develop dashboards and reporting tools to enhance transparency and monitoring capabilities.
Support internal audits, external audits, regulatory examinations, and due diligence reviews.
Manage relationships with fund administrators, custodians, transfer agents, and other service providers.
Monitor service-level performance, key operating metrics, and control effectiveness.
Lead discussions with service providers to optimize service level standards.
Identify operational risks and recommend enhancements to improve resiliency and control effectiveness.
Design and implement automation solutions that improve efficiency, scalability, and risk management.
Develop and enhance dashboards and workflows that provide actionable insights to stakeholders.
Use data analytics and technology tools to identify trends, monitor risks, and improve decision-making.
Partner with Technology teams to automate manual processes and modernize fund oversight activities.
Challenge existing operating models and recommend innovative solutions.
Drive continuous improvement initiatives that reduce risk and enhance the client experience.