Minneapolis, Minnesota, United States
Mutual Fund Administration • Lead and manage Financial Reporting & Expense staff to meet department goals and objectives • Support the team's Internal Control environment and ensure it is operating effectively • Oversight of the Financial Reporting team and ensure SEC filings (N-PORT, N-CEN, N-CSR, N-MFP, N-1A, N-14) are accurate and filed timely • Research and implement new SEC Investment Company Reporting Modernization requirements and other required investment company regulatory reporting changes • Assist in data mapping and integrating reporting software to meet the SEC data reporting requirements • Develop processes and controls to accurately report thousands of data points per fund to meet the SEC's monthly reporting requirement • Partner with business systems analyst and technology teams to collaborate on data strategy and data governance best practices
Mutual Fund Administration • Identify and implement internal controls and process improvements within Financial Reporting to ensure accuracy of reporting and to ensure required deadlines are met • Lead or have significant role on key projects (agile/scrum) while bringing a continuous improvement mindset • Prepare shareholder reports for the Thrivent Mutual Funds and Series Funds including annual reports, semi-annual reports, prospectus, fund performance, and mutual fund related SEC filings • Assist in the execution of the financial close process, preparation of financial statements, schedule of investments, managers discussion of fund performance and other sections of annual and semi-annual reports • Partner with key stakeholders including Corporate Actuarial, Investment Accounting, Investment Performance, Expense Management, Accounting Operations, Legal, Compliance, Product Marketing, IT and Portfolio Management in the execution of various SEC filings • Research new and existing U.S. Generally Accepted Accounting Principles (GAAP), SEC and FASB guidance • Lead and deliver new product proforma profitability analysis to marketing leaders and CFO • Create and deliver ad hoc reports to Board of Directors, executives, senior management and other business partners • Responsible for producing fund performance and expense data for quarterly Board of Directors reporting
Mutual Fund Accounting Operations • Accurately accounted for portfolios within the private placement (COLI) mutual fund line of business • Analyzed various reports and fund reconciliations to ensure daily NAV’s where accurate for reporting • Reconciled cash with custodian bank • Assisted with reducing NAV reporting errors by 30% and improved daily processes • Prepared financial models and reports (i.e., expenses, net assets, share balances) in excel for management review • Notified portfolio managers and other various business partners of cash transactions • Assisted with month-end close, SOX testing, internal and year-end audit process • Completed daily reconciliations of all balance sheet, income statement accounts and NAV double-checks