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Manulife · 2 days ago

Fund Administration Manager

Boston, Massachusetts

Full-time

Hybrid

Senior Level, Lead/Staff

$92K/yr - $160K/yr

10+ years exp

Manulife is a leading international financial services provider, helping people make their decisions easier and lives better. The TPS Manager plays a key leadership role within the Fund Administration department, overseeing daily operations for a select group of analysts and driving various accounting and custody initiatives.

FinanceFinancial ExchangesFinancial Services

Responsibilities

Lead the resolution of complex accounting and operational issues

Provide direct and/or indirect management to a team of TPS analysts

Take a leadership role in the oversight of the Custodian Bank relationships

Display strong understanding and technical ability around fund accounting activities related to NAV calculation. Analyze impacting movements to the Funds’ NAVs and lead the NAV error resolution process

Perform final review of multiple daily and periodic deliverables completed within the team. Ability to leverage accounting/custody/operational expertise to identify issues and provide guidance to staff around pertinent concepts within these processes

Act as team’s subject matter expert on multiple operational oversight functions completed within the team. These functions will include a variety of accounting and custody initiatives such as: NAV Oversight, Distributions, SEC Yields, Distressed Securities, Closed-End Leverage, Fund Events and Oversight of Liquidity Facilities

Lead TPS in the completion of cross functional projects to support overall business initiatives

Represent TPS and play an active role in various internal committees

Coordinate the completion of quarterly Board of Trustees materials and/or presentations for senior management

Ensure team adherence to detailed procedures and policies when completing objectives. Identify and drive needed updates to applicable procedures to ensure continued relevance and risk mitigation

Lead the drafting of applicable accounting policies

Provide support during internal/external audits and risk assessments

Ensure adherence to various regulatory requirements

Direct and oversee automation initiatives that utilize technology to help drive efficiency improvements and workflow optimization within the team

Qualification

Fund accountingTeam leadershipProject managementAccounting principlesMicrosoft ExcelAnalytical skillsCommunication skillsProblem-solving skillsOrganizational skills

Required

At least 10 years' experience in the mutual fund accounting, operations, or financial services industry with progressive increase in responsibilities

Bachelor's degree in accounting, finance, or a related field of study

Extensive experience and solid understanding of core accounting principles

Extensive experience in leading teams and fostering employee development

Strong technical, analytical, organizational, problem-solving, and verbal/written communication skills

Proven ability to manage large-scale projects effectively

Preferred

Outstanding communication skills, including strong presentation and meeting facilitation abilities

Ability to apply knowledge and experience to identify and help generate improvements in operational efficiency

Strong sense of ownership across responsibilities and team initiatives

Ability to arbitrate and resolve conflicts between internal and/or external constituents when necessary

Ability to adhere to and develop appropriate procedures and controls to mitigate risk across the business

Proficiency in Microsoft Office Suite (particularly Microsoft Excel) and familiarity with Bloomberg

Familiarity with tools such as Power BI, Alteryx, and other data compilation/workflow tools a plus

Benefits

Health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage

Adoption/surrogacy and wellness benefits

Employee/family assistance plans

Various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions)

Financial education and counseling resources

Generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year

Full range of statutory leaves of absence