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190164 Requisition #
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Lazard Asset Management operates from over 15 countries and 20 cities. Our investment personnel manage over US $180 billion across a wide range of global, regional and country-specific strategies - both traditional and alternative - in listed equity and fixed income. At Lazard Asset Management, we pride ourselves in balancing the feel of a small firm with the scale of a large global organization. Our entrepreneurial culture and flat management structure foster an environment in which good ideas can take flight, no matter where they come from.

Key Responsibilities:

Lazard Asset Management LLC (“LAM”) is seeking a seasoned fund accountant to work in its Mutual Fund Administration team, which oversees roughly 40 registered funds with $27B in assets and 25 non-registered US and Canadian funds with $8B in assets. This role will report directly to the head of Mutual Fund Administration and will join a collaborative team as a key liaison to internal functional areas (front office, legal, compliance and tax) and external providers (fund administrators, accountants, custodians and auditors).

The successful candidate will have experience in the registered mutual fund industry and be comfortable preparing and reviewing financial statements, fund expenses, budgets and regulatory filings.

LAM’s Mutual Fund Administration department is responsible for the day-to-day administration, accounting, custody, transfer agency and all aspects of operations for registered and non-registered vehicles, including the monitoring and review of the deliverables provided by third-party service providers.  

The role presents an opportunity to maintain regulatory compliance by preparing and reviewing budgets and information for required filings (i.e. annual and semi-annual financial statements, registration statements, N-CSR, N-PORT, SEC Form 24f-2, etc.).

 

Specific Responsibilities Include:

  • Review of annual and semi-annual reports

  • Prepare and review fund expenses, including allocation, review and analysis

  • Review of information for various regulatory filings, including registration statements, forms N-CSR, N-PORT, etc.

  • Review fund prospectus information as required

  • Review and help coordinate deliverables for fund audits and respond to auditors during examinations

  • Help prepare reports to the Funds’ Board of Directors and Senior Management

  • Complete other departmental duties as assigned

  • Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly research and correct any variances

  • Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution

  • Independently resolve and coordinate resolution of the problems within the budgeting and financial reporting process

  • Replying in timely manner to all queries received from internal and external business partners

  • Participating and coordinating client/process/solution onboarding on the team level

  • Identifying inefficiencies, risks and control gaps in the process and help develop and implement changes to eliminate them

  • Conduct quality control over reports and NAV generated by outsourced service providers

  • Review invoices and ensure accurate processing in the funds.


Requirements: 

  • Good knowledge of registered mutual fund reporting requirements and budgeting

  • Minimum of 3 years’ experience in institutions linked to mutual funds

  • Ability to self-organize and manage time effectively

  • Ability to work under pressure and with tight deadlines

  • Excellent communication skills

  • Ability to build trust and cooperation between various stakeholders both internally and externally

  • Familiarity with State Street, Northern Trust and BONY a positive

  • CPA is preferred


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