Financial Modeling Specialist, Mutual Fund Administration
5 days ago
About Virtus Investment Partners
Virtus Investment Partners is a leading investment manager that provides administrative services to mutual funds, ETFs, and closed-end funds. Our team seeks to secure and protect shareholder assets, manage risk in a comprehensive and integrated fashion, and provide support services to address shareholder requests.
Job Description
The Financial Modeling Specialist, Mutual Fund Administration position will be the primary lead for complex security financial modeling both internally and by third-party valuation vendors utilized by Virtus mutual funds, ETF, and UCITS/QIFs administered by Virtus Fund Services.
This position will be part of the Pricing & Valuation team of Virtus Fund Services to ensure security valuations are complete and accurate in the daily NAVs. The position will also assist in the design and implementation of the valuation control structure overseen by Virtus Fund Services subject to regulations of the Investment Company Act of 1940.
Key Responsibilities
- Responsible for working with third-party pricing vendors and subadvisors to create appropriate valuation models for complex instruments not listed on an exchange that will be used in the daily fund NAVs.
- Responsible for documenting and testing pricing vendor methodologies and monitoring, testing, and reporting on changes in those methodologies as required by SEC rule 2a-5 rule requirements.
- Responsibility for reporting and interacting with the fund Treasurers, the Valuation Committee, and the Board of Directors with regard to complex security valuations including derivatives.
- Assist with onboarding of new products or security types concerning impacts on daily valuation and regulation considerations.
- Assist in the design and implementation of the valuation control structure over administration for the mutual funds, ETF, UCITS, and QIFs products subject to regulations of the Investment Company Act of 1940.
Requirements
- Bachelor's degree in finance and 3-5 years of related experience; Experience with private equity or private credit products is helpful.
- Experience with private securities valuation modeling is preferred.
- Knowledge of the mutual fund industry including the regulatory environment, vendors, complex investment types such as derivatives, and key impacts on pricing and valuation.
- Ability to multitask and handle a number of complex items under tight deadlines.
- Experience with SQL, Excel, Access, PowerPoint, and Word.
Compensation and Benefits
The estimated salary range for this position is $95,000-$118,000 per year, based on education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is eligible to participate in a company incentive plan.
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