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Job Description
ABOUT THE TEAM:
Fund Services supports Virtus’ open-end mutual funds, ETFs, and the majority of our closed-end funds by providing administrative services including fund accounting and reporting, tax, regulatory administration, shareholder services and treasury services. In providing these services, Fund Services seeks to secure and protect shareholder assets, manage risk in a comprehensive and integrated fashion, and provide support services to address shareholder’s requests.
- Fund Administration includes Accounting and Reporting and Tax and Treasury. These functions value portfolio holdings and monitor risk attributes; establish and maintain a financial and accounting control framework; provides oversight and due diligence of funds’ service providers; implement and maintain leverage and redemption facilities; and assist and guide portfolio management teams with yield forecasting.
- Shareholder Services operates a call center that responds to fund inquiries from individual investors, implements fund or product initiatives, and supports intermediaries, including requests for platform establishment.
JOB SUMMARY:
The Pricing & Valuation, 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.
ESSENTIAL DUTIES & 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.
SPECIFIC QUALIFICATIONS:
- 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.
Salary Range: $95,000- $118,000
The starting salary offer will vary based on the applicant’s education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is also eligible to participate in a company incentive plan.
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