Fund Administration Specialist

Fund Administration Specialist – GMO

Founded in 1977, GMO is a global investment manager committed to delivering superior long‑term investment performance and advice to our clients. We offer investment strategies and solutions across multi‑asset class, public equity, public credit, and liquid alternative offerings. We manage approximately $68bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. GMO is privately owned and employs over 430 people worldwide, headquartered in Boston with additional offices in Europe, Asia and Australia.

GMO’s company‑wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, embracing and valuing what each of us brings to work, as we know diverse, inclusive teams achieve higher engagement and better client results.

We are seeking an individual to join the Fund Administration team  candidate should have at least 5 years of relevant fund administration experience, whether achieved through previous experience at an investment management company or fund administration service provider. The individual will work closely with team members and service providers on our mutual funds and ETFs and gain knowledge on our complex product types.

• Responsible for expense accruals and budgeting; work with internal groups for expense budgeting and forecasting.
• Responsible for expense processing, allocations and tracking for mutual funds and ETFs.
• Perform management fee calculations, including reimbursements, waivers and recoupments.
• Work closely with service providers to ensure accurate and timely processing.
• Understand accounting entries as they relate to treasury functions.
• Review financial statements for expense‑related disclosures; prepare and review prospectus and SAI expense disclosures.
• Respond to auditor’s treasury‑related questions during annual audits.
• Responsible for 15(c) board report (fee comparison and fund profitability sections).
• Support board reporting, including preparation of board materials as needed.
• Participate in fund launches and liquidations as needed.

In addition, the position will review annual and semi‑annual financial statements, and monthly/quarterly schedules of portfolio holdings for SEC‑registered funds (mutual funds and ETFs), hedge funds (onshore and offshore), Australian domiciled funds and Irish domiciled funds.

• College degree with at least 5 years direct experience.
• Strong understanding of various mutual fund and ETF structures.
• Excellent attention to detail and analytical skills.
• Team player.
• Ability to identify and implement process improvements.
• Use of professional skepticism when appropriate.
• Very strong organizational skills.
• Proven ability to prioritize and manage multiple projects simultaneously while working under time constraints.
• Proactive and motivated, able to spot needs and willing to step in and help.
• Proficient in Excel.
• Excellent communication skills.

$85,000 – $100,000 a year

This is a reasonable, good faith estimate of the current salary range for this role. GMO’s salary range reflects skill sets, market demand, experience, performance, geographic location and other factors.

In addition, the position is eligible for a discretionary annual bonus and is benefits eligible. GMO’s comprehensive benefits program includes medical, dental, life, long‑term disability, 401(k)/profit‑sharing, paid time off, leaves of absence, dependent care resources, tuition reimbursement, charitable gifts matching, flexible spending accounts and commuter benefits.

GMO is currently operating in a hybrid work model with the expectation that the Fund Administration Specialist will be in the office a minimum of 2 days per week (Tuesdays and Thursdays) and the remaining days may be worked either in the office or remotely.

GMO is committed to the recruitment, employment and promotion of all candidates equally, regardless of gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law.

GMO will not offer visa sponsorship for this opportunity.

Referrals increase your chances of interviewing at GMO by 2x.