Bachelor’s degree in Accounting, Finance, or business related field; or Associate’s degree in business field or equivalent experience plus 3 years Federated experience required
3 years business experience required
2 years mutual fund experience and prior experience with financial services fund administration functions preferred
This position performs and reviews functions related to the accounting and financial administration for Federated’s mutual funds.
Prepare the analysis for monthly market discount analysis (1276 tax adjustment) for Federated Funds.
Calculate the REMIC quarterly updates for Federated Funds.
Calculate the Reverse Mortgage true ups and monthly accruals.
Create the funds’ annual corporate dividend and capital gain calendars in Finders for each new calendar year.
Prepare the daily Morning Report and periodic Ex-dividend memos.
Distribute various monthly performance reports to third parties, including total returns and asset and yield data.
Assist ISS (service provider) with security litigation filings and, as needed, supply documentation to substantiate claims; monitor/track settlements received and determine per share impact to funds. Responsible for distributing checks to the service providers.
Coordinate completion of NASDAQ filings for the media and supplementary listings; update Finders and verify listing in the WSJ, as appropriate. Completion of NASDAQ filing for any opening, closing, or merger of funds.
Coordinate completion of ISS and NASDAQ invoices with the Fund Expense Group.
Analyze a variety of financial information for the mutual funds including dividend recommendations, capital gain calculations/recommendations and performance information including NAVs, shadow NAVs, dividends, undistributed net income, yields, total returns, weighted average maturity and weighted average life. Summarize findings and make recommendations to management.
Prepare appropriate information reports for the Board of Directors’ meetings.
Prepare dividend tax reclaim and/or relief at source documentation for the Federated Funds.
Assist with special projects.
Review summary reports prepared by the Funds’ accounting service providers to ensure that procedures contracted for are being performed at contracted service levels.
Assist the Securities Valuation department, as needed, by acting as a back-up with monitoring the pricing of fund securities and derivatives.
8:30 a.m. - 5:00 p.m. (Overtime as required)
Federated Investors Tower – Pittsburgh, PA 15222
Demonstrated decision making, problem solving, and analytical with a strong attention to detail
Effective interpersonal and communication skills with ability to work in a team environment
Strong organizational and time-management skills
Ability to provide a high level of accuracy and accomplish tasks in a timely manner
Federated Investors, Inc. offers a competitive salary and benefits package along with a professional environment.
Only those candidates in whom we have an interest will be contacted.
Internal Number: 7737
About Federated Investors, Inc.
Since 1955, millions of investors in the United States and around the globe have relied on Federated Investors, Inc. (NYSE: FII) for world-class investment management. Federated has grown to become one of the nation's largest investment managers with $500 billion in assets under management.
Federated has honed its disciplined investment process over a half-century to deliver style-consistent investment products, including 123 domestic and international equity, fixed-income and money market funds, as well as a variety of separately managed accounts. Federated's diversified product line is distributed through more than 8,400 financial intermediaries and institutions who assist investors in meeting their unique objectives. For additional information about Federated Investors visit FederatedInvestors.com.