Job Description
SSGA’s Global Funds Management (“GFM”) team drives sound fund oversight programs across SSGA’s funds and services. The recently established GFM Fund Expense Oversight Center of Excellence (“COE”) is looking for a Senior Associate who will take ownership of a variety of fund expense activities supporting our vision of a centralized team of expense experts across a variety of fund ranges. The team that you will be joining oversees funds registered in multiple EMEA and North America countries with diverse fund and umbrella structures. The candidate would be responsible for various operational tasks and support to meet our goals.
As Fund Expense Oversight Senior Associate, you will:
- Review fund expenses and arrange invoice payments based on Fee Schedules and other agreements with the vendors.
- Liaise with vendors and other internal and external parties to ensure expenses charged to the funds are correct.
- Ensure accruals and payments are processed accurately and in a timely manner by corporate teams and service providers.
- Ensure SSGA fund expense records are accurate and up to date.
- Review funds Expense Ratios and other expense reports delivered by service providers.
- Ensure standardized operating procedures are effectively understood and are performed and documented on a routine basis
- Be responsive, as a point of contact, to expense queries received from SSGA departments and clients.
- Participate in cross training initiatives within the team to ensure all responsibilities are covered when needed
- Provide support on projects when needed within the team as well as with internal business partners to fulfil all necessary requirements
- Identify areas of need and/or improvement within the team and develop ideas for process improvements with all pertinent parties.
These skills will help you succeed in this role:
- Excellent attention to details.
- Focus on continuous process improvement, procedure writing, and risk mitigation.
- Strong analytical, organizational and critical thinking skills.
- Self-motivated, ability to work independently and prioritize.
- The ability to work with people and direct them towards a common goal. Both within the team as well as with internal and external business partners
Education & Preferred Qualifications
- 2-4 years of experience in financial services.
- Experience in expense accrual analysis and budgeting preferred
- Mutual Fund, Cash Fund, ETF, UCITS, SICAV experience preferred
- Bachelor’s degree in business, finance or related field.
- Computer proficient especially with advanced Excel features.
- Proficient in English language.
- Strong written and verbal communication skills and ability to communicate opinions clearly and efficiently, both verbally and in writing.
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