Fund Accountant - (KS20558)

Fund Accountant


The Fund Accountant will be responsible for maintaining relationships with Mutual Fund Companies, TPA's, and Broker Dealers to ensure that all possible revenue is accounted for in a timely matter. The Fund Accountant is also responsible for coordinating, invoicing, tracking, and dispensing revenue due to TRUSTlynx as well as their clients from the Mutual fund Companies.


Essential Duties/Responsibilities:


Develops and monitors procedures to ensure that all revenues (no transaction fee (ntf), finders fees, sub-ta, and 12b-1s) are received and credited to the appropriate accounts.
Tracks monthly/quarterly revenue from the fund companies and allocates it to the respective departments and or clients.
Translates data into spreadsheets and data bases for inquiries and reports.
Maintains strong and cooperative relationships with investment product sponsors. These relationships will contribute to a cooperative environment in the resolution of problems.
Correspondence with fund companies, TPAs, and broker/dealers for the resolution of problems as they arise.
Analyzes and resolves problems proactively regarding accounts which may consist of complicated and involved elements that require considerable study and a high degree of knowledge.
Confirms revenue agreements with the fund companies as well as Fund Relations Group.
Monitors balancing of TRUSTlynx suspense accounts.
Serves as a resource and interacts with the billing specialist and other members of the department.
Assists with implementation of new procedures and systems.
Works with Aspen Investments to recapture commissions.


Other Duties / Responsibilities


Establishes procedures to invoice and collect revenue from the fund companies.
Interacts with upper-level management and provides various reports as requested.
Pays invoices out of collected revenues.
Performs functions that require specialized knowledge such as Suspense Account Reconciliation and Cleanup.
Communicates with co-workers, Fiserv teams and departments, clients, financial representatives, banks, auditors and regulatory agencies in a courteous and professional manner.
Completes status reports as requested by the Cost Accountant.
Assists co-workers, Cost Accountant, Supervisor, and Manager when assigned work is completed.
Issue checks to TPA's, broker/dealers and OIP.
Accounts for Trustlynx revenue.
Performs accrual accounting in conjunction with the Accounting Department.



JOB QUALIFICATIONS

Knowledge:

The Fund Accountant must have knowledge of business and accounting principles and possess a working knowledge of Fiserv procedures and policies. Knowledge of the procedures in internal and external trading and quality control. Knowledge of mutual funds and their share class differences, etc. is essential. This position requires a good understanding of P.C., spreadsheet, database and UDMS applications.

Skills:

The Fund Accountant must be able to read and comprehend information from a computer terminal, account statements, reports generated from the mutual fund companies and any other correspondence. He/she must be able to speak, read and write English. Must exhibit problem solving, communication, organization, detail orientation and proficient mathematical skills (i.e. at advanced algebra course level) with a high level of accuracy. The Fund Accountant must possess advanced skills in Excel and Access. Working knowledge of a personal computer is necessary. Must be able to communicate with others in person, via the telephone and through written correspondence. The Fund Accountant must have good interpersonal skills, be a self-starter and work well in a team environment.

Ability:

This position requires an individual who can function independently with minimal or no direction. This individual must display a high degree of judgment and self-motivation and must possess strong conceptual, organizational and analytical abilities. Must demonstrate the ability to make quick decisions, solve complex problems quickly and possess mental capability to communicate and work with employees, institutional customers, and sponsor marketing/sales teams, management, and legal staff. Must be able to represent Fiserv to outside customers and investment sponsors in an effective and professional manner via personal, telephone, and written communication. The Fund Accountant must exhibit a willingness and availability to answer questions from team members and trouble shoot problems. He/she must have a high level of analytical ability in order to help improve efficiencies in all functions and to provide ideas for streamlining procedures and service improvements. Supervision received is minimal. Must have the ability to work on a variety of tasks. The individual must be self-motivated, enthusiastic and a good role model. The Fund Accountant is under the general direction of the Product Operations Administration Supervisor.


Education/Experience:

The Fund Accountant needs to have a high school diploma or a GED. They must also possess knowledge typically gained by taking advanced math and basic Accounting classes at a college level.

Experience with mutual funds is a must. The Fund Accountant must have 2-4 years Fiserv experience. This individual must have demonstrated leadership qualities and must be meeting and/or exceeding current job standards.


Fiserv, Inc. is an Equal Employment Opportunity/Affirmative Action Employer and maintains a Drug-Free Workplace.

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For additional information, go to www.FiservISS.com


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