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Fund Administrator

Company: Western Asset Management
Location: Pasadena
Posted on: June 8, 2021

Job Description:

Job Description

Invest in your future as you invest for our clients

As a fund administrator, you'll 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. It's 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 agent
  • Perform necessary daily and monthly checks and controls for the mutual funds
  • Provide accounting reports for internal and external clients
  • Coordinate year-end audits with Legg Mason, Auditor, and custodian
  • Attend to daily inquiries from internal or external clients on the mutual funds
  • Manage and execute instructions on trade orders on behalf of WA funds and clients
  • Reconcile cash, futures & options, swaps, net assets, performance, etc. against the custodian, third party administrator, or broker on a daily basis
  • Reconcile 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 manner
  • Review projected cash balances across multi-currencies and draft recommendations as part of daily cash management process
  • Oversee monthly closing of the Funds' accounting records including final cash, NAV reconciliations, performance and any custom reporting

Find a place for your ideas

Specializing in Fund Administration, you will collaborate with the wider team to support daily investment operation activities. Ready to deal with multiple, challenging demands, you'll be highly energetic, motivated, user-focused and adapt quickly to thrive in a team-oriented environment. You'll thrive in our non-hierarchical, entrepreneurial culture where your ideas will be heard, and your input valued.

What you will bring

  • 4 year undergraduate degree in Business Administration, Mathematics, Economics or Accounting.
  • Minimum of 1 year of experience of investment management or financial services related work experience
  • Excellent 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 departments
  • Strong attention to detail, analytical and problem-solving ability
  • Ability to work in a team oriented environment
  • Highly proficient in MS Excel and MS Word are required
  • Programming knowledge or experience with data analytics or reporting applications (e.g. Python, Alteryx, Tableau, etc) is a plus

About Western Asset

At Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're 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. We're 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 Management, Pasadena , Fund Administrator, Other , Pasadena, California

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