Mutual Fund Operations Job Description

Job Title: Mutual Fund Operations Professional

Job Summary

We are seeking a detail-oriented and highly analytical Mutual Fund Operations Professional to join our financial services team. As a Mutual Fund Operations Professional, you will be responsible for overseeing the administration, processing, and regulatory compliance of mutual funds. Your main goal will be to ensure the smooth operation of funds, from trade settlements to reporting and auditing. Your expertise in financial markets, data analysis, and regulatory requirements will play an integral role in maintaining the efficiency and compliance of our mutual fund operations.

Responsibilities

• Fund Accounting: Oversee the accounting functions of mutual funds, ensuring accurate valuation, pricing, and compliance with regulatory standards.
• Trade Settlements: Ensure the timely and accurate processing of buy and sell orders for fund assets, coordinating with brokers, custodians, and transfer agents.
• Reconciliation: Conduct regular reconciliations of fund accounts, ensuring that data between internal systems and third parties align correctly.
• Reporting: Prepare and distribute daily, monthly, and annual financial reports to stakeholders, ensuring transparency and accuracy.
• Regulatory Compliance: Stay updated on industry regulations (such as SEC rules) and ensure mutual fund operations comply with all relevant legal requirements.
• Process Improvement: Evaluate and streamline operational processes to enhance efficiency and reduce costs.
• Dividend Distribution: Manage the process of calculating and distributing dividends to shareholders as per fund policies.
• Client Communication: Liaise with fund managers, investors, and regulatory bodies to ensure clear communication regarding fund performance and compliance.

Required Skills and Qualifications

• Strong Analytical Skills: Ability to process large volumes of financial data and identify trends and discrepancies.
• Knowledge of Mutual Funds and Financial Markets: Deep understanding of mutual fund structures, investment vehicles, and market regulations.
• Proficiency in Accounting and Finance: Hands-on experience with fund accounting and the ability to generate accurate financial reports.
• Attention to Detail: Critical for reconciling accounts and ensuring data accuracy.
• Compliance Expertise: Familiarity with regulatory standards such as SEC guidelines, Sarbanes-Oxley, and other applicable laws.
• Education: Bachelor's degree in Finance, Accounting, or Economics (preferred).
• Experience: 3-5 years of experience in mutual fund operations or a related financial services role (preferred).
• Certifications: Certifications such as CFA, CPA, or specific fund accounting certifications are highly valued (preferred).

Salary Expectations

• Average Salary: The average salary for Mutual Fund Operations professionals in the U.S. ranges from $55,000 to $95,000 per year.
• Location: Salaries in financial hubs like New York, Boston, and San Francisco tend to be higher due to increased demand for skilled professionals and cost of living.
• Experience: Entry-level positions typically start at around $55,000, while those with more than 5 years of experience can earn up to $95,000 or more.
• Industry: Professionals working in larger financial firms or investment management companies may command higher salaries.

Career Growth Opportunities

• Mutual Fund Operations Manager: With experience, professionals can move into managerial roles, overseeing larger teams and operational strategies.
• Transition to Portfolio Management: Some may leverage their operational knowledge to shift into portfolio management roles, focusing more on investment strategies.
• Specialization: Professionals can specialize in areas such as compliance, fund accounting, or technology solutions for mutual fund operations.
• Consulting and Advisory Roles: Experienced professionals may move into consulting, advising firms on streamlining their mutual fund operations.
• Skills That Drive Career Growth: Advanced knowledge of regulations, leadership and team management, and technological adaptability can drive career growth in this field.

Join our team of dedicated Mutual Fund Operations Professionals and make a significant contribution to the success of our financial services firm. Apply now to embark on an exciting career in the dynamic world of mutual fund operations.

Note: The content of this job description is intended to provide a general overview and outline of the responsibilities, skills, and qualifications required for this position. It is not an exhaustive list, and other duties may be assigned as needed.