Financial Control Analyst

The Financial Control Department is responsible for reconciling all transfer agency related bank accounts, reconciling distributions to shareholder accounts and handling all associated money movements including weekly commissions and 12B-1 payments.  Other duties also include collecting and reporting data that is used for the Fund’s Financials. In addition, the Financial Control department also acts as liaison to Global Fund Admin, Broker Dealer Accounting, and the custodial banks.

Describe the role:

The Financial Control Analyst is a key role for our firm performing reconciliation of all settled financial activity within the Transfer Agent (TA).  This includes the reconciliation of incoming subscription orders as well as outgoing redemption proceeds. The position also requires reconciling distributions specific to dividends, commissions, and service fees for bank accounts held at State Street Bank and Bank of America while aiding in the protection of the firm from both internal and external fraud.

                         

Describe the applications and business or enterprise functions the role supports:

• Ensure that the processing and reconciliation of mutual fund transactions and their corresponding money movements are completed accordingly 
• Production of management statistical spreadsheets and TA reports to ensure proper and accurate reporting of the Fund’s financial statements
• Ongoing review of operational activities

The key job responsibilities include, but are not limited to:

• Submit/Release daily wires via the custodian bank applications
• Reviews as-of transactions report
• Reduces the liabilities of the Firm by closing open items within 10 days
• Contacts internal ABIS processing units to resolve trade discrepancies
• Complies reports and prepares payments to Omnibus dealers for 12B-1 fees
• Participates in various monthly financial reporting processes
• Communicates with Fund Accounting, Corporate Accounting, Portfolio Management and custodian banks to relate net activity to the funds and necessary money movement
• Perform ancillary tasks related to bank account activity
• Support other functions within the Financial Control Department as business needs arise and availability of the individual permits
• Ensures processing and reconciliation of mutual fund transactions and their corresponding money movements are completed accordingly

San Antonio, Texas