Sr Manager, Fund Administration and Accounting

Requisition Number: 77641

Position Title:

External Description:

Role Summary:

Applying specialized technical expertise and developing industry experience, leads and contributes to assigned fund accounting, reporting and/or oversight activities, for assigned product(s), of large scope or complexity; supports assigned product services. Resolves technical accounting and reporting issues for the products; performs high-level evaluation of new/emerging guidance and product developments and recommends policy response; provides advanced technical advice and interpretation of accounting policy; leverages internal network and service provider relationships to ensure integrated and high-quality responses to highly complex new requirements and stakeholder needs. Assigns tasks and reviews work of less experienced staff. Responsible for staying current, researching, applying and maintaining a deep understanding of accounting and reporting guidance, company policies, regulatory and contractual requirements, and drivers that impact their assigned areas for the sponsored products.

Responsibilities:

• Independently, performs or provides guidance a broad array of activities to support assigned highly complex accounting, reporting and/or related oversight processes; for assigned type(s) of products. Designs, assesses, and refines oversight procedures for assigned areas. Evaluates accuracy, completeness, and conformity to T. Rowe Price policies of data and deliverables from third-party service providers; addresses highly complex issues escalated by more junior team members; may assist management with framing third-party requirements; reviews the work of less experienced colleagues.
• Provides support to product governance committees, such as valuation, liquidity, disclosure, and service agreements; recommends enhancements to senior team members/management to support model and related reporting processes; reviews and highlights relevant matters and metrics for management; supports global auditor relationship; leverages specialized knowledge and participates in cross departmental working groups on projects and/or to address complex ad hoc issues; reviews and recommends updates to policy documents and maintains internal educational materials. Performs functional compliance requirements.
• Researches and formulates proposed technical positions or tactics for applying accounting and reporting guidance, and contributes to design of related oversight controls, applying deep knowledge of internal controls, T. Rowe Price policies and products, relevant guidance and service standards; and drivers for assigned areas. Collaborates with peers and management to develop, disseminate and train staff or third-party providers on new policies. Identifies gaps in or potential improvements to processes and controls, develops and recommends solutions aligned to technical policies.
• Recognized as an internal expert for advice and guidance on highly complex technical accounting, reporting and/or related oversight matters and the application of relevant guidance. Leverages deep relationships with internal stakeholders and service providers to address and resolve multi-faceted and highly complex questions from internal and external stakeholders and/or provide advice on new, unusual and complex issues. Assists management in developing processes and procedures to support high-quality service.
• Often leads broad functional projects across products, lines of business, and/or geographies on behalf of management and participates in leading strategic initiatives as requested. Includes oversight of project staff (i.e., work guidance and performance feedback).

Qualifications:

Required:

• Bachelor's degree in Finance, Accounting, or Business Administration or related field AND
• 8+ years of total relevant work experience

Preferred:

• Manage and lead a high-performing senior team across various responsibilities, including fund accounting, financial reporting, and operations.
• Possess deep knowledge of internal controls, with a track record of developing and implementing comprehensive oversight control programs for both internal and outsourced functions.
• Demonstrate proficiency in due diligence, RFP processes, contract review, and negotiation.
• Apply specialized mutual fund accounting and operational expertise to independently solve complex matters, particularly related to annual ERISA 5500 reporting and class actions processes.
• Independently resolve technical accounting and reporting issues concerning the aggregation, evaluation, and dissemination of fund account data and related information.

FINRA Requirements:

FINRA licenses are not required and will not be supported for this role.

Work Flexibility:

This role is eligible for hybrid work, with up to one day per week from home.

City:

State:

Community / Marketing Title: Sr Manager, Fund Administration and Accounting

Company Profile:

Location_formattedLocationLong: Maryland, US

CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions • Flexible and remote work opportunities • Health care benefits (medical, dental, vision) • Tuition assistance • Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.