What are the responsibilities and job description for the Senior Fund Services Analyst position at Allspring Careers?
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COMPANY
Allspring Global Investments™ is a leading independent asset management firm that offers a broad range of investment products and solutions designed to help meet clients' goals. At Allspring, our vision is to inspire a new era of investing that pursues both financial returns and positive outcomes. With decades of trusted experience propelling us forward, we strive to build portfolios aimed at generating successful outcomes for our clients. We do this through the independence of thought that powers our investment strategies and by bringing a renewed approach to look around the corner to unlock what's possible. Allspring is a company committed to thoughtful investing, purposeful planning, and the desire to deliver outcomes that expand above and beyond financial gains. For more information, please visit About Us - Allspring Global Investments.
At Allspring, unique views inspire us. We leverage the diversity of people, ideas, and skills to help our clients pursue their financial goals. We strive to attract and retain a diverse talent pool that enables us to better serve our global client base. Intentionally fostering a diverse and inclusive culture allows us to empower innovation, productivity, and engagement. It’s also essential for elevating the experience of our clients as well as the communities in which we operate. Thank you for considering Allspring as you explore the next step in your career journey.
POSITION
The Senior Fund Services analyst for Allspring’s Private Fund offering is responsible for managing the operational and regulatory oversight of private investment vehicles exempt under Sections 3(c)(1) and 3(c)(7) of the Investment Company Act of 1940. This role ensures accurate and timely investor and financial reporting, expense management, coordination with custodians and fund accountants, and legal document reviews.
We currently operate in a hybrid working model, whereby you will be required to work in-office 3 days a week.
Location(s): Boston, MA
RESPONSIBILITIES
• Investor Financial Reporting & Communications
o Oversee the preparation and delivery of annual reports to investors, ensuring compliance with regulatory and internal standards including overseeing the Auditor.
o Oversee the preparation and delivery of liquidation audits as needed.
o Coordinate with fund accountants to ensure timely and accurate financial disclosures.
o Deliver NAV, performance, general ledger, holdings, reports monthly to various stakeholders.
• Expense Oversight
o Manage expense accruals and payments, including fund-level and investor-level management fees.
o Review and approve invoices, ensuring alignment with fee schedules and side letter agreements.
• Investor Transactions
o Support subscription and redemption processing, including large cash flow events requiring special handling.
o Ensure investor transactions are logged, reconciled, and processed in accordance with fund policies and operational timelines.
• Custodian & Fund Accountant Oversight
o Serve as the primary liaison with State Street and other custodians for fund accounting, NAV oversight, and trade settlement.
o Monitor fund accountant performance, pricing accuracy, and reconciliation processes.
• Regulatory Reporting
o Assist with regulatory reporting for Form PF and CPO-PQR filings.
• Legal Document Review
o Review and maintain Private Placement Memoranda (PPMs) and other governing documents in coordination with legal counsel.
o Ensure offering materials are current, compliant, and distributed only to eligible investors.
CANDIDATE
- Self-motivated and capable of independently monitoring and completing tasks and projects within required time frames.
REQUIRED QUALIFICATIONS
- Bachelor’s degree in Accounting, Finance, or related field; CPA or CFA preferred.
- 5 years of experience in fund administration, preferably with private or alternative funds.
- Strong understanding of 3(c)(1) and 3(c)(7) fund structures, SEC exemptions, and investor eligibility rules.
- Experience working with custodians, fund accountants, and legal teams.
- Excellent organizational, analytical, and communication skills.
- Comprehensive understanding of accounting principles and financial reporting issues
- Detail-oriented
- Ability to change priorities quickly.
- Team oriented attitude
- Strong computer skills including MS Office, Word, MS Outlook and Excel.
Base Pay Range: $95,000 - $115,000
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary bonus programs, or other annual or non-annual incentive or sales plans.)
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We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Salary : $95,000 - $115,000
