Manager, Financial Administration

Posted 2 Days Ago
Be an Early Applicant
Bethesda, MD
Mid level
Other
The Role
The Manager of Financial Administration will manage processes related to financial administration for ETFs and Mutual Funds, oversee financial vendors, support product development, and engage in problem-solving while ensuring effective risk management and internal controls.
Summary Generated by Built In

About Us:

ProShares now offers one of the largest lineups of ETFs, with more than $70 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

Position Summary:

This position involves the management of processes relating to financial administration for ETFs and Mutual Funds, oversight of financial administration vendors, engaging in problem-solving, support for product development, and serving as an internal expert resource.

Essential Job Functions [1]:

  • Manage the funds’ financial processes, including financial reporting, expense management, tax reporting, distributions, etc.
  • Oversee of the funds’ financial vendors, including administrators, fund accountants, auditors, tax accountants, etc.
  • Support new product development and tax management.
  • Engage in day-to-day problem solving and decision-making.
  • Participate in risk management and development of an effective internal control environment.
  • Serve as an internal expert for financial-related product issues.

Education and Experience:

  1. Bachelor’s degree required.
  2. 3-5 years’ experience in Mutual Fund, ETF, CPO and/or comparable financial services positions required.
  3. Financial reporting and/or auditing experience desirable
  4. CPA is desirable.

Knowledge, Skills and Abilities:

  • Excellent analytical and problem-solving skills.
  • Innovative thinking and the ability to challenge the status quo.
  • Knowledge and expertise in fund administration/operations.
  • Ability to work independently within a team structure.

Early Career Period [2]: (90-and 180-day goals):

  • Initial 90-Day Goals (basis for the early career assessment)
    • Demonstrate a working knowledge and understanding of fund administration and fund accounting
  • 180-Day Goals (basis for the six-month review)
    • To be a primary contact for financial administration service providers
    • To challenge, vet, and propose changes to current practices and procedures.
    • To manage specific financial administration processes

The compensation for this position includes salary and incentive pay. The annual base salary range for this role is $95,000 - $150,000 (USD), which does not include discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance.

Our Benefits:

  • Competitive pay and discretionary bonus
  • Paid time off
  • Health care benefits (medical, dental & vision)
  • Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit
  • 401(k) retirement plan with matching contribution
  • Spending Accounts (Health Care, Dependent Care, and Transportation)
  • Wellness Programs (fitness reimbursement, Employee Assistance Program)
  • Education assistance
  • Hybrid work schedule
  • Additional Programs include peer recognition, corporate matching gift

[1] These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required of this job. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Additional privacy information for CA residents

EOE STATEMENT

ProShare Advisors LLC and its affiliates are equal opportunity employers and do not discriminate against otherwise qualified applicants on the basis of age, race, color, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), marital or family status, national origin, ancestry, physical or mental disability, mental condition, veteran status, sexual orientation, gender identity, genetic information, or any other characteristic protected by applicable law.  


The Company
HQ: Bethesda, MD
136 Employees
On-site Workplace
Year Founded: 1999

What We Do

ProShares has been at the forefront of the ETF revolution since 2006. With one of the nation’s largest lineups of ETFs, the company provides innovative strategic and tactical ETFs designed to manage risk and enhance returns.

This LinkedIn page is an enterprise-wide page that applies to ProShare Advisors LLC (“PSA”), ProFund Advisors LLC (“PFA”), ProShare Capital Management LLC (“PCM”), and ProFund Distributors Inc. (“PDI”).

To obtain a prospectus, or for more information about the performance and risks of ProShares ETFs, please visit ProShares.com. ProShares and SEI Investments Distribution Co. do not sponsor the opinions or information presented, unless otherwise indicated, nor do they assume liability for any loss that may result from relying on these opinions or information. The material is not intended as an offer or solicitation for purchase or sale of any security, nor is it individual or personalized investment advice.

For important information please visit: http://www.proshares.com/terms_and_conditions_of_use.html#social

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