Business Unit:Global Operations
Reporting To:Associate Manager, Fund Expense
Shift:EMEA (1:30 pm – 10:30 pm IST) (India)About Russell Investments, Mumbai:
Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 88-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm has over $1 trillion in assets under advisement (as of December 31, 2023) and $302.7 billion in assets under management (as of March 31, 2024). Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai, and Mumbai.
Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and contribute to the foundation and culture of the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.
For more information, please visit https://www.russellinvestments.com.
Job Description:
This position is responsible for managing a team and ensuring timely delivery of SLAs, which include Fund Expense Management, Preparation of Financial Statements as per US GAAP, AICPA and SEC, and periodic filing of Regulatory Reports including N-PORT and N-CEN.
Years of Experience
- 10 to 15 years of work-experience
Qualifications
CA, CPA or similar degree with vast experience in Financial Reporting, Fund Expense Accounting and Regulatory Reporting as per US GAAP
Responsibilities
- Managing our in-house Fund Expense Process which includes Preparation and Review of Expense Summaries, Accrual & Budgeting, Custody Cost Analysis, Vendor Invoice & Payment Management and Fund Expense Management.
- Support the in-house preparation, review and delivery of Annual, Semi-Annual and Quarterly financial reports for ’40 Act funds (Russell Investment Company and Russell Investment Funds) and Annual reporting for institutional funds (Russell Trust Company and Russell Institutional Funds LLC)
- Additionally, the role entails working with internal stakeholders and vendors to complete periodic regulatory reporting such as SEC Forms, N-CSR and N-PORT.
- This position involves working with other teams within and outside of Fund Administration to complete a range of routine, project-based and ad-hoc deliverables for Russell’s fund products.
- Oversee posting of periodic journal entries, partnership accounting/allocations and preparation of various disclosures for alternative investment funds.
- Engage with the Funds’ custodians, internal groups, external auditors and other key stakeholders to coordinate reporting cycles.
- Oversee or participate in projects which promote and lead to a streamlined financial operating environment.
- Evaluate and document policies, procedures and internal controls related to various aspects of the financial reporting process.
- Work directly with external service and data providers, external auditors and multiple groups within Russell to support a wide range of financial projects in support of the funds.
Candidate Requirements
- 5 plus years of experience in leading and managing teams required.
- Extensive knowledge of US GAAP, the Investment Company Act of 1940, U.S. Internal Revenue Code, CFTC Rules, ERISA and UCITS a plus.
- Understanding of Fund Accounting for mutual funds, commingled funds, LLC funds and private equity funds and working knowledge of the ERISA regulations, Investment Company Act of 1940, Exchange Acts of 1933 and 1934, and/or other global regulatory jurisdictions such as UCITS.
- Ability to interpret accounting/financial information and understand how it may impact the Funds’ financial statements, notes to financial statements and other disclosures.
- Extensive knowledge of investment products and securities, including complex derivative instruments such as swaps, futures, and options.
- Working knowledge of the relationships and interactions between investment managers and administrators/custodians/transfer agents.
- Ability to train and educate team on servicing fund products of various regulatory jurisdictions.
Preferred:
- Experience with Confluence ASP Reporting System.
- Ability to create, refine and maintain policies and desk procedures related to the Funds’ processes. Experience with 38a-1 requirements and Sarbanes-Oxley testing.
Core Values
- Excellent communication skills, both written and verbal. Ability to communicate effectively on behalf of Fund Administration Management with Vendors, Auditors, business units and other key stakeholders.
- Proven ability to work both independently and as part of a highly functioning team, open to new ideas and disciplines.
- Ability to work efficiently under pressure with minimal supervision to meet cyclical regulatory and internal deadlines; demonstrated ability to organize and prioritize multiple assignments.
- Demonstrate an ability to analyse complex issues, research solutions, prioritize workload and bring regulatory testing issues to resolution.
- Very strong tools-based knowledge including Excel, Access and other applicable applications in a LAN based environment.
- Have a mindset of improving processes with data and workflow automation.
- Ability to communicate complex technical details to all levels of management.
- Must be proficient in MS Office and manage large volumes of email correspondence.
- Ability to act with discretion and maintain complete confidentiality.
- Dedicated to the firm’s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.
