The Fund Administration Specialist will assist in financial reporting, interact with auditors, and support fund administration including regulatory reporting.
Company Profile
Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer investment strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, equity, fixed income and alternative offerings.
We manage approximately $78bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate.
GMO is privately owned and employs over 430 people worldwide. We are headquartered in Boston, with additional offices in Europe, Asia and Australia. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results.
Please follow the prompts included in this job posting to apply. The application window for this role is anticipated to remain open until the job is filled, or as otherwise determined by GMO.
Position Overview
We are seeking an individual to join the Fund Administration team at GMO. The candidate should have at least 2 years of relevant fund reporting experience, whether achieved through previous experience at a public accounting firm, investment management company or fund accounting or fund administration service provider. The individual will work closely with others in the team on our U.S. and non-U.S. based pooled products. The candidate will gain knowledge on our complex product types (including fixed income, domestic and international equities, asset allocation and derivatives).
Primary Responsibilities:
•As applicable, review annual and semiannual financial statements, and monthly/quarterly schedule of portfolio holdings for SEC registered funds, hedge funds (onshore and offshore), Australian domiciled funds and Irish domiciled funds
•Work closely with the lead public and private fund financial reporting managers to assist in carrying-out tasks
•Work with internal groups (e.g., Operations, Legal, etc.) on financial statement disclosures
•Interface with the funds’ auditors to resolve issues including accounting positions taken
•Assist with auditor confirmation process for each funds’ annual audit cycles
•Assist with research and documentation of accounting and/or disclosure matters
•Assist with research and implement new accounting and reporting rules as applicable
•Work with fund accountants and custodians to instruct accounting entries
•Work with fund administrators to ensure funds’ accounting positions and policies are properly executed and presented in the accounting records and financial statements
•Assist with the review of various disclosure documents including prospectuses, SAIs, PPMs, offering documents, etc.
In addition to the above responsibilities, position may also:
•Assist with regulatory reporting (specifically Form PF, CFTC, CPO-PQR, Shareholder Disclosure Reporting and/or AIFMD)
•Assist with treasure functions for the pooled products which could include expense processing, budgeting, and management fee calcuulations
Required Skill Set:
•College degree with at least 2+ years relevant experience
•Strong knowledge of U.S. GAAP
•Irish and/or Australian fund experience a plus
•Team player
•Ability to solve complex issues
•Must be detail-oriented
•Use of professional skepticism when appropriate
•Experience with various fund structures such as: registered investment companies,
multi-class, offshore funds, and master-feeder arrangements
•Very strong organizational skills
•Proven ability to prioritize and manage multiple projects simultaneously while working under time constraints
•Proactive and motivated, able to spot needs and willing to step in and help
•Proficient in Excel and Word
•Excellent communication skills
GMO is currently operating in a hybrid work model with the current expectation that the Fund Administration Specialist will be in the office a minimum of 2 days per week (with those days being Tuesdays and Thursdays) and the balance of the week working either in the office or remotely (to be discussed with the candidate).
GMO is committed to the recruitment, employment, and promotion of all candidates equally, regardless of an individual's gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law.
GMO will not offer visa sponsorship for this opportunity.
Top Skills
Excel
U.S. Gaap
Word
GMO Boston, Massachusetts, USA Office
40 Rowes Wharf, Boston, MA, United States, 02110
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