Fund Accountant

Department: Fund Accounting

Meeder Investment Management is an Ohio-based money management firm founded in 1974, with over $13 billion in assets under management and administration. The Firm offers a wide variety of financial solutions as part of their suite of services including Mutual Funds, Advisory Services, Retirement Plan Products, Separately Managed Accounts, and Cash Management. 

Summary Description:

Provides high level operational support for the Meeder Funds and Mutual Funds Service Co. Also provides additional assistance to the Director of Fund Accounting and other personnel as needed.

Primary Responsibilities: 

  • Daily workflow of assigned mutual funds
  • Quality and accuracy of assigned daily work
  • Recording security trades
  • Monitoring interest and dividend accruals of underlying fund holdings
  • Monitoring corporate actions of underlying fund holdings
  • Monitoring and accuracy of daily expense accruals
  • Checking the accuracy of fund holdings and maintaining the proper record-keeping for assigned mutual funds
  • Recording shareholder activity into the assigned mutual fund’s daily trial balance and reconciling outstanding shares with the Transfer Agency
  • Balancing cash with the custodian on a daily basis
  • Assisting in solving any trade problems between the custodian and the brokers
  • Calculating a daily net asset value for assigned mutual funds
  • Confirming portfolio trades through DTC, mailed statements, or online
  • Payment of fund expenses

Financial Reporting Responsibilities

  • Reporting and communicating information to various reporting agencies
  • Reporting of daily net asset values and yields to NASDAQ
  • Maintenance of fund history information
  • Preparation and monitoring of fund diversification
  • Completion of all periodic fund questionnaires and data sheets
  • Preparation of the financial statements and calculation of performance for the Meeder Funds
  • Assist with the training of Fund Accounting operational personnel, where needed

Critical Success Factors

  • Ability to work in a PC environment
  • Strong organizational and communication skills
  • Willingness to embrace personal growth and challenges outside of comfort zone
  • Team player who is committed, dedicated, and confident
  • Reliable and timely, with solid problem solving skills
  • Ability to balance multiple daily, weekly, and monthly deadlines
  • Professional and accountable with a high degree of ethics and integrity
  • Accurate and detail oriented
  • Spend the necessary time in order to meet objectives
  • Strong work ethic

Skills Required

  • Bachelor’s degree required
  • Minimum of 1-2 years Fund Accounting experience required
  • Proficient in Microsoft Office (specifically Excel and Word)
  • Ability to learn basic fund accounting system
  • Obtain a solid understanding of the Investment Company Act of 1940, the Securities and Exchange Act of 1934, and Rule 2a-7
  • Intermediate level knowledge of company and company products
  • Intermediate level knowledge of common stock, fixed income securities and financial statement preparation 

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