Client Services Specialist III, Collective Investment Trust Officer at SEI U.S. in Oaks, PA

Job description

Specialist II, CIT Finance, IMS, Oaks: As a Specialist II on the Collective Investment Trust (CIT) team, you will be responsible for assisting the team to fulfill its multi-faceted duties with respect to overseeing our business and various other aspects of IMS product offering that impact the use of SEI affiliates. SEI’s CIT Team is responsible for establishing and maintaining collective trusts under the rules of its direct regulator and standards of the Department of Labor, Internal Revenue Service and other regulatory bodies. This team works closely with internal divisions including the ITA, IFS, Compliance, Legal, etc. The CIT Team currently supports over 700 collective funds with approximately $225 Billion in AUM working with over 190 investment sub-advisors. What you will do: · Coordination and oversight of CIT audits. o Assist with the engagement of Big 4 accounting firms to audit the financial statements of SEI’s CITs, including approval by the Board. o Represent the CIT team on recurring calls involving auditors and other key internal and external stakeholders such as fund accounting, financial reporting, and the applicable investment managers to oversee each audit cycle and ensure that deliverables and release dates are met. o Coordinate any other deliverables in connection with the audits: management representation letters, auditor inquiries, Fin48 memo, going concern memo, and legal letters. o Assist with fund liquidation audit process. · Act as liaison with internal and external fund administrators / accounting providers regarding certain matters impacting the CIT book of business. o Help design and institute appropriate policies, procedures, and controls. o Ensure that operational errors are appropriately escalated and remediated as promptly as possible in accordance with applicable procedures. o Support and oversight of fees and expenses, including revenue reporting and the implementation of fee changes. o Monitor and report on fund accounting provider service levels. o Facilitate the initial and on-going vendor reviews of internal and external fund accounting providers for approval by Trust Operations Committee. · Exercise appropriate levels of professional oversight to ensure that certain support / product enhancements being requested fall within appropriate bands of risk mitigation. · Support management with projects and initiatives. · Strategically assist with the creation of processes or practices that will drive our business forward in an accurate and efficient manner. · Collaborate with team members to support the needs of our clients as they arise. · We want you to succeed and look for future solutions! Through attending and participating in various IMS and corporate professional development sessions, you will acquire the tools to identify processes across the division and organization. You will have the opportunity to partner with a diverse team and grow your career. What we need from you: · BS/BA degree in accounting, finance, business or related field, or the equivalent in education and work experience. · CPA, MBA or MS Accounting/Finance or advanced degree desired. · Minimum of 5 years of fund accounting, operations experience, audit, risk management or compliance experience a plus. · Knowledge and awareness of applicable laws, rules and standards of Investment Management industry, including GAAP. · Demonstrate a strong understanding of risks and controls in order to independently develop and implement audit programs. · Experience with alternative investment vehicles is also ideal. · Project management experience is preferred. · Proficient in MS Office tools. · Knowledge of CITs and the regulatory structure governing CITs is desired. · Self-starter with outstanding decision-making skills. · Good oral and written communications skills. · Detailed oriented and the ability to work independently or with team members to meet deadlines. · Regular and reliable attendance in accordance with position, business