UMB Bank · 1 day ago
Fund Administrator II
Milwaukee, WI
Full-time
Onsite
Entry, Mid Level
$50K/yr - $95K/yr
1+ years expUMB Bank is seeking a Fund Administrator II to oversee the preparation of financial statements and compliance testing for full service clients. The role involves reviewing financial information, managing expense payments, and serving as a primary contact for clients.
BankingFinanceFinancial Services
Responsibilities
Plan, organize and oversee the preparation of financial statements, board of directors/trustees meeting materials, expense payments and accruals, compliance testing and performance data, for full service clients as assigned
Review the work of and provide feedback/training for Fund Administrator I
Serve as a primary contact for clients and present to client boards for personal clients as well as those of Fund Administrator I
Determine applicable fees based on final contractual terms and establish accruals
Analyze and review expense payments before transmission to client for approval
Determine appropriate allocation method for invoices
Review expense analysis and recommend accrual changes to clients and fund accountants
Prepare or direct the preparation of shareholder financial statements to meet GAAP and regulatory requirements
Review for accuracy the 40 17G (fidelity bond), N PX (proxy) and 24f 2 (sales) filings
Review financial information and other material for prospectus updates
Prepare notes to the financial statements based on requirements of the fund and GAAP
Analyze for accuracy the distribution calculation including multi class allocations
Prepare draft agendas and materials for board meetings
Represent UMB at client board meetings
Prepare and present appropriate material at meetings
Identify and prepare required monthly/quarterly SEC, Fund, and IRS compliance tests
Review compliance testing results for any breaches that fall outside of acceptable tolerance ranges before presenting to clients
Review fund performance data and benchmark comparisons
Respond to internal and external ad hoc requests
Update Client Managers and others as necessary regarding client activities
Qualification
Required
Bachelor's Degree in accounting, finance or related field
One year of fund administration experience or related industry experience
Fundamental understanding of applying GAAP
Demonstrated career progression
Understanding of expense budgeting and accruals
Ability to facilitate group meetings and/or presentations
Performance and results oriented
Proficient Microsoft Excel knowledge
Demonstrated initiative in a highly regulated, deadline driven environment
Strong analytical and critical thinking skills
Ability to maintain a strong client servicing relationship
Benefits
Paid Time Off
A 401(k) matching program
Annual incentive pay
Paid holidays
A comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
Health savings
Flexible spending, and dependent care accounts
Adoption assistance
An employee assistance program
Fitness reimbursement
Tuition reimbursement
An associate wellbeing program
An associate emergency fund
Various associate banking benefits
Company
UMB Bank
UMB Financial Corporation is a commercial bank that offers various financial services.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$606.13M2025-05-29Post Ipo Equity· $294.53M
2024-04-29Post Ipo Equity· $201.6M
2022-09-23Post Ipo Debt· $110M
Leadership Team
Brian Hutchin
Executive Vice President, Director of Healthcare Services at UMB, Institutional Banking Division
Phillip Mason
President of Institutional Banking
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