We are seeking a San Antonio based entry-level Financial Control Analyst to join our Financial Control Department.
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:
This position will be responsible for 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:
The key job responsibilities include, but are not limited to:
What makes this role unique or interesting (if applicable)?
Individuals with a background in accounting/finance would find this position interesting and view it as an opportunity to advance their experience in their designated fields.
What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate?
A Financial Control Analyst has the opportunity to learn about the money flow resulting from mutual fund transactional activity. This individual will gain exposure to the Funds financial reporting requirements as well develop relationships with the custodial banks, Global Fund Administration, Corporate Accounting and the Portfolio Management Group.
Qualifications, Experience, Education, Skills:
Special Knowledge (if applicable): Knowledge of mutual funds, financial or business operations including: banking, securities, and bookkeeping - preferred
Location: San Antonio, TX
AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.San Antonio, TexasPosted 2 Days AgoFull timeR0004733
We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the globe. With over 3,700 employees across 51 locations operating in 25 countries, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work.
Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we want to support you in making your impact. If you're ready to challenge your limits and empower your career, join us!
People of color, women, and those who identify as LGBTQ people are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria.