Fund Accounting & Administration Manager

Job DescriptionAt abrdn, enabling our clients to be better investors drives everything we do. By combining expertise, insight, and innovative technology, we deliver solutions that empower our clients to achieve their goals. Beyond financial outcomes, we invest responsibly to build a better world.About the DepartmentThe Product Management team plays a vital role in ensuring the smooth operation and financial stability of abrdn's US fund range, including open-ended, closed-ended, ETFs, and commingled LLC funds. This team oversees fund accounting, fund administration, and tax matters not handled by external service providers. Acting as the CFO for proprietary funds, the team ensures products are effectively managed throughout their lifecycle, combining financial, technical, and strategic insights.About the RoleAs a Fund Accounting and Administration Manager, you will be responsible for fund accounting and fund administration matters within the Product Management team. This includes tasks mandated by regulations or internal procedures, often with strict deadlines. You'll work closely with internal teams and external service providers to ensure the efficient operation of products, while also contributing to strategic initiatives and mentoring junior staff members.Key ResponsibilitiesSupport the smooth operation of funds in collaboration with internal teams and external service providers, such as auditors and custodians.Review and investigate daily pricing exceptions between middle office and fund accounting records.Manage the expense invoice payment process, periodically evaluating potential improvements.Review fund expense budgets and assess accrual changes on a regular basis.Prepare materials for the Adviser's monthly Pricing Committee meetings and document minutes.Generate monthly fund accounting reports to identify trends and potential action items.Calculate monthly anti-dilution levy rates for commingled LLC funds.Prepare and review quarterly board materials, including transaction reports and distribution analysis.Assist with fund openings, closings, liquidations, and mergers.Train and mentor junior staff members to foster team growth and expertise.Support internal requests for information and regulatory reporting needs.Coordinate quarterlysemi-annualannual shareholder reports and manage the audit process.Stay informed about regulatory developments and ensure compliance within the product range.About the CandidateThe ideal candidate will possess the following:ExperienceA minimum of 5 years in fund accounting or product-related roles within the mutual fund or financial services industry.Experience with NAV calculations and security pricing matters.Familiarity with regulatory frameworks, including the SEC 33', 34', and 40' Acts, Sarbanes-Oxley requirements, and GAAPSEC financial statement disclosures.Skills and KnowledgeEffective verbal and written communication skills.Strong organizational abilities and proficiency in managing multiple tasks.High-level proficiency in Microsoft Excel, Word, and PowerPoint.Our BenefitsWhen you join abrdn, you will be rewarded with a comprehensive benefits package that invests in each employee's financial future, health, and well-being. We offer a range of benefits to meet your family's needs and employees are immediately eligible to begin participating. We have an environment where you can learn, get involved and be supported.We are an affirmative action - equal opportunity employer. We're committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense - this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.If you need assistance or an adjustment due to a disability please let us know as part of your application and we will assist.

Created: 2025-02-07