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Fund Administrator

Company: Western Asset
Location: Pasadena
Posted on: May 1, 2021

Job Description:

Job Description: Invest in your future as you invest for our clientsAs a fund administrator, youll be responsible for fund administration duties in Legg Mason Sub-Advised Fund Administration team. The Legg Mason Sub-Advised Fund Administration team maintains accurate accounting data for all of the Legg Mason and Western Asset sponsored registered mutual funds including funds domiciled in the United States, Ireland, United Kingdom, Singapore, and Australia. The team is responsible for interacting closely with internal groups, various service providers of the funds such as the custodian, fund administrator, and transfer agent, and Legg Mason contacts with the objective to exercise quality control and facilitate oversight of the mutual funds. You will be responsible for supporting the team and team supervisor with the day-to-day functions as it relates to servicing daily mutual funds. Its a great stepping stone to a future within our highly entrepreneurial, fixed-income investment business.We are looking for energetic and highly motivated individual who adapts quickly and thrives in a team-oriented setting. The optimal candidate must have excellent quantitative and research skills and exhibit a strong interest in finance and accounting. Programming knowledge is a plus.What you will do Work closely with Legg Mason for oversight of fund administration Monitor and manage service level quality of third party providers such as the custodian, fund administrator, and transfer agentPerform necessary daily and monthly checks and controls for the mutual funds Provide accounting reports for internal and external clientsCoordinate year-end audits with Legg Mason, Auditor, and custodianAttend to daily inquiries from internal or external clients on the mutual fundsManage and execute instructions on trade orders on behalf of WA funds and clientsReconcile cash, futures & options, swaps, net assets, performance, etc. against the custodian, third party administrator, or broker on a daily basisReconcile and process subscriptions and redemptions on the mutual funds and post other transactions on a daily basis; communicate proactively with the investment management team as necessary to ensure accurate cash balances are provided in a timely mannerReview projected cash balances across multi-currencies and draft recommendations as part of daily cash management processOversee monthly closing of the Funds accounting records including final cash, NAV reconciliations, performance and any custom reportingFind a place for your ideasSpecializing in Fund Administration, you will collaborate with the wider team to support daily investment operation activities. Ready to deal with multiple, challenging demands, youll be highly energetic, motivated, user-focused and adapt quickly to thrive in a team-oriented environment. Youll thrive in our non-hierarchical, entrepreneurial culture where your ideas will be heard, and your input valued.What you will bring4 year undergraduate degree in Business Administration, Mathematics, Economics or Accounting.Minimum of 1 year of experience of investment management or financial services related work experienceExcellent quantitative and research skills and exhibits a strong interest in finance and accounting.Strong communication skills both written and verbal and ability to interact with both clients and managers in other departmentsStrong attention to detail, analytical and problem-solving abilityAbility to work in a team oriented environmentHighly proficient in MS Excel and MS Word are requiredProgramming knowledge or experience with data analytics or reporting applications (e.g. Python, Alteryx, Tableau, etc) is a plusAbout Western AssetAt Western Asset were saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, were investing in new technologies, methodologies and markets. Were also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. Were building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.

Keywords: Western Asset, Pasadena , Fund Administrator, Other , Pasadena, California

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