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Career Opportunity

Mutual Fund Financial Reporting & Administration VP

  • Primary Location: United States,Ohio,Columbus
  • Education: Bachelor's Degree
  • Job Function: Operations
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18074112


About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi’s Mission and Value Propositionexplains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.

Manage production of periodic investment company (“fund”) financial and related shareholder and client reports, including semi-annual and annual financial statements, quarterly administrator reports and semi-annual filings of Form N Semi-annual Report (“N-SAR”).  Responsible for working with internal and external clients to design and develop controlled, efficient, and effective fund financial reporting and client reporting processes.  Expected to proactively manage client relationships, evaluating interactions and data flow requirements.  Must maintain a thorough understanding of required financial statement disclosures and the sources of information that support said disclosures.  A comprehensive understanding of the interrelationship of financial statement schedules is required.


1 Manage production of periodic fund financial and related shareholder and client reports by:

a)Gaining a thorough understanding of the report production requirements for various funds

b)Maintaining an understanding of each entity’s reporting periods and report distribution requirements.

c)Maintaining working knowledge of portfolio instrument types, including domestic and foreign equities, fixed income  securities, futures, foreign currency forward contracts, options, SWAPS, money market instruments, etc.

d)Understanding external audit relationships and “key” client relationships that impact the production of  periodic shareholder and client reporting.

e)Managing the status of report production schedules that clearly define the report production process, including a detail  list of production requirements, responsible parties, and calendar of significant dates.

f)Managing periodic production planning meetings that include appropriate individuals from:  Fund   Accounting, Tax,  Financial Reporting, Expense Accounting, Transfer Agency, Relationship Management, Legal, the client, and external auditors  and financial statement printers. Taking leadership role in the planning process by maintaining working knowledge of  Transfer Agency, Expense Accounting, Legal, Tax, Compliance and Relationship Management responsibilities

g)Continually assess the information flow and whether or not deadlines will be met.  Take the appropriate action to release  reports for timely mailing.

h)Manage applicable external audit relationships and communications.

2.Maintain a thorough understanding of required financial statement disclosures by:

a)Reviewing SEC Rules and Regulations relating to Registered Investment Companies:  Regulation S-X, Part 210, Article 6.

b) Reviewing the applicable sections of Sub Chapter M of the IRC which document shareholder tax reporting requirements that support relevant financial statement disclosures.

c)Reviewing the applicable sections of SEC Form N-1A, Registration Statement, which relate to financial statement presentation.

d)Reviewing external audit GAAP disclosure checklists (for registered investment companies) and managing the completion of applicable items.

e)Reviewing components of fund financial reporting:

i) Statement of Assets and Liabilities

ii)Statement of Net Assets

iii)Statement of Operations

iv)Statement of Changes in Net Assets

v)Financial Highlights

vi)Notes to Financial Statements

vii)Schedule of Investments

viii)Management Discussion and Analysis

ix)Shareholder Letter

x) Report of Independent Accountants

f) Reviewing Investment Company Institute releases as they relate to investment company financial reporting.

3. Design and develop integrated reporting processes by:

a)Creating seamless workflows from  “Fund Accounting” daily processing leveraging the sources of information inputs and system generated outputs.

b) Integrating Bloomberg functions and  other external information sources  into the process flow.

4. Manage the filing of Form N-SAR in a timely and accurate manner by:

a)Understanding the basis of Form N-SAR, and its questions.

b)Understanding the electronic filing process, including filing deadlines, and information sources.

c)Overseeing the N-SAR filing process by working productively with the individuals responsible for providing information necessary to complete N-SAR questions.

d)Continually assess the information flow and whether or not deadlines will be met. Take appropriate action to avoid a late filing or filing for an extension.

5. Maintain applicable procedures manuals and proper working paper documentation by:

a)Managing design and implementation of procedures manuals for major areas of responsibility.

b)Reviewing procedures and working paper documentation for applicability and appropriateness.

c)Training staff on use of procedures manuals and application of proper working paper documentation.

6. Build positive cooperative relationships with co-workers, internal and external relationships by:

a)Communicating in a productive manner, listening to the concerns of others.

b) Exercising reasonable judgment in managing through internal and external client issues.

c)Consistently demonstrating maturity and poise to foster a “team” environment.

d)Exhibiting approachability from individuals at all levels.

e)Maintaining outstanding written and verbal communication skills.

f)Being proactive in minimizing last minute requests and planning projects accordingly.

g)Objectively assessing individual responsibilities and assisting others in completing group responsibilities.

7.Take a leadership role in managing assigned clients and expectations by:

a)Periodically meeting with client representative to understand their business requirements.

b)Sharing client expectations with applicable internal business units.

c)Developing and managing solution oriented client expectation project plans.


Job Specifications

Must be PC literate, and possess superior spreadsheet and word processing software knowledge. 

Comprehensive understanding of the inter-relationships of Balance Sheet, Statement of Operations, and Statement of Changes in Net Assets or equivalent knowledge a plus. 

Superior written and verbal communication skills, attention to detail, sense of urgency for deadlines, and solid organizational skills required. 

Interpersonal skills should foster approachability and maturity.

Bachelor's Degree

7+ years of mutual fund or equivalent financial reporting experience.

Licenses or Certifications: Certified Public Accountant preferred.

Special Requirements: Experience with SunGard INVEST ONE a plus.