VP - Director of Fund Administration Senior Manager

AllianceBernstein LP
US - Tennessee - Nashville
December 4, 2024

Who We Are:

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients' most valued asset-management partner.

With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, we're looking for unique voices to help lead us forward. If you're ready to challenge your limits and build your future, join us.

Who You'll Work With:

We are seeking a Nashville, TN based VP - Senior Manager to join our Global Fund Administration in Global Technology & Operations.

Team/Group Description

The Global Fund Administration department is responsible for the oversight of approximately 600 pooled vehicles domiciled in the US, Luxembourg, Cayman Islands, as well as other global locations across the world. We oversee the day to day Net Asset Value calculation as well as the regulatory and client reporting requirements as required on a product by product basis

What You'll Do:

The VP - Senior Manager plays a key role in overseeing and providing leadership relating to the administration of all activities relating to U. S. regulated investment vehicles within the Global Fund Administration department. The candidate will play an integral role in ensuring the requirements of our internal and external customers are managed efficiently and effectively as we look to provide "Best in Class Service" to all our customers. The Senior Manager will engage with the independent auditors, Fund boards, product development, portfolio management legal and other internal groups supporting the funds ecosystem as well as the product evolution for the AB mutual funds

Applications and business or enterprise functions the role supports

The job requires knowledge of tax issues, SEC regulations, financial reporting and proficient knowledge of mutual fund accounting. It also requires excellent analytical skills, communication skills, organizational skills, and problem-solving skills. The role requires a diverse background of mutual fund industry experience and mutual fund operations. The candidate should demonstrate proficiency in standard desktop applications (excel, word, outlook, etc).

The VP - Senior Manager provides leadership and support to numerous operational teams including managers, team leaders and several fund administration analysts.

This role supports the firm's domestic pooled vehicles. The GFA team supports our global customers' information needs by supplying timely and accurate data that support various critical functions. The VP - Senior Manager will work directly with both internal and external business partners.

Key job responsibilities include, but are not limited to

Authorizing, reviewing and/or making critical decisions for individual funds.
Ensuring a robust control environment is established and maintained.
Manage the daily oversight environment, including NAV Calculations for accuracy.
Instructing accounting staff on new and revised procedures.
Recommend and participate in the implementation of changes and enhancements to the department / Process Improvements / Document procedures.
Ensuring all funds adhere to departmental accounting policies and procedures.
Ensuring regulatory & fund compliance (with IRS, SEC and other) as well as advise on tax issues.
Ensuring accuracy of distribution and tax data at fund and shareholder levels.
Addressing questions or concerns raised by audit firms when conducting fiscal audits.
Reviewing Shareholder Reports and ensure timely dissemination.
Vendor Management: due diligence meetings and service quality reviews.
Participating in product lifecycle events: new product launches, liquidations, mergers.
Assisting teams with resolution of complex problems.
Liaising among our internal customers and various vendors (portfolio managers, legal, custodians, vendors, etc. ) on various issues.
Income analysis for Dividend Committee Meetings.
Reviewing expense analysis' as well as budgeting methodologies.
Reply to client requests (internal and external)
Responsible for staff's technical and professional development.
Participating in the departmental salary administration and personnel management process (performance reviews).

What makes this role unique or interesting (if applicable)?

The vast line of products we have within GFA, should provide you with great exposure and experience you normally will not see within a fund complex. The role requires analytical thinking in support of the reporting process.

Professional development value of this role (i. e. , what learning and professional growth does the role offer the candidate?)

The oversight nature of this role allows a candidate to utilize their accounting knowledge to thrive in the role. We have a vast array of product types for candidates to learn over time and we are a department that prefers to promote from within when the opportunity arises.

What We Are Looking For:

The ideal candidate should have a minimum of 10 - 15+ years of experience in the mutual fund or finance industry as well as a four year degree in a business field (preferably accounting or finance related). Advanced degrees or certifications are preferred.

Proficient knowledge in the following:

Mutual fund accounting and administration
SEC, U. S. GAAP, FASB and other regulatory disclosures and requirements
IRS tax requirements for regulated investment companies

Skills

The candidate should have a proficient knowledge of mutual fund accounting. The job requires knowledge of SEC regulations, financial reporting as well as the use of spreadsheets. Knowledge of various GAAP reporting (U. S. , International, Lux GAAP, etc) is a plus for this role. The role also requires excellent analytical skills, communication skills, organizational skills, and problem-solving skills.

The knowledge and skills required are acquired through the completion of a college education as well as experience in the mutual fund industry.

Special Knowledge (if applicable)

The candidate should demonstrate proficiency in standard desktop applications (excel, word, outlook, etc). Knowledge of various reporting requirements (RIC, Lux, Partnership, etc), financial reporting experiences and any alternative product knowledge is a plus. Candidates with process management/improvement experience is preferred

AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, mari.

Read the full job description and apply online on the recuiter's web-site

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