Fund Administration & Oversight Analyst

At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs.

Come join us in delivering better outcomes for our clients around the world!

Global Pricing and Valuation Services (“GPVS”) conducts a variety of Fund Administration activities for the mutual fund organization, including investment book of record pricing, management appraised fair value pricing, risk-based oversight of third-party administration, such as oversight of pricing and other financial reporting/regulatory tasks, in adherence to regulatory requirements. GPVS works with third party administrators, external auditors and internal stakeholders (including fund boards) to ensure mutual fund financial reporting complies with local requirements and industry guidelines. This role is hybrid, 2 days per week onsite to be based in Rancho Cordova, San Mateo or Pasadena CA.

This role will execute an established risk-based approach to completing assignments related to Franklin Templeton funds at the security, jurisdictional or regional level. The role requires understanding the third parties fund administrators' control environment and the continuous development and implementation of an agreed-upon tactical fund administration oversight model. This includes the ongoing development of digital tools to minimize risk and create efficiencies. This role will be responsible for reviewing reports provided by the third-party administrator, such as all pricing functions, IBOR pricing, and management appraised fair value pricing for reasonableness and accuracy, ensuring all deadlines are met.

Risk Management:

• Use of a risk-based approach in reviewing daily, monthly, quarterly, semi-annual, and annual reporting such as unchanged prices, trade compare, day over day price review, price tolerance breaches, and general pricing inquiries, and other deliverables prepared by third-party administrators.

• Process, review and approve pricing and management appraised fair value on a daily basis. 

Problem Solving and Reporting:

• Independently respond to complex internal and external queries in a timely manner, providing clients with accurate answers.

• Guide third-party administrators in planning and coordinating production of reporting to ensure that regulatory and client deadlines are met.

• Liaise with third-party administrators to resolve complex issues identified in performing oversight tasks, escalating any areas of concern to management.

Process Improvement:

• Proactively identify potential improvements in work processes supporting the oversight model.

• Participate in departmental/divisional projects, taking the lead on less complex work or participating in wider, more complex, initiatives. Examples include building workflows via digital tools, new product launches, regulatory initiatives, and interdepartmental projects.

Research and Analysis:

• Research and analyze various daily pricing exceptions, unchanged security prices, trade reports, and pricing inquiries.

• Assist more senior staff in various reporting and/or analysis.

• Perform due diligence on pricing vendors and third-party administrators.

Third Party Reviews and Process Oversight:

• Serve as a primary contact by coordinating with stakeholders to prepare for the audit response to inquiries and bridge the communication gap between internal/external auditors, third-party administrator, and/or internal groups.

• Organize aspects of the year-end audit process; work with external auditors to resolve any security related pricing issues.

• Review and validate fund related invoices for reasonableness and/or accuracy. Support the manager with strategic or critical audit issues.

Client Servicing:

• Provide customer service to clients (e.g., fund managers, sales and marketing, product, performance and risk, internal and external boards), answer ad hoc queries and work with managers on special client assignments.

• Act as key point of contact with other Franklin Templeton Service (FTS) business units to provide client service support.

What ideal qualifications, skills & experience would help someone to be successful?

• 2-5 years of relevant work experience in the mutual fund/financial services industry or investment operations

• Bachelor's degree, preferably in finance, accounting or other business disciplines or equivalent work experience

• Familiarity with business analytics and automation tools (Alteryx, PowerBI, Power Automate, Python, etc.)

• Strong analytical skills with a keen eye for details, coupled with superior organizational skills

• Professional certifications such as Certified Financial Analyst (CFA) looked upon favorably

• Ability to work until 5:30pm PDT daily

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the annual salary for this position to range between $71,000.00 - $88,00.00, depending on location and level of relevant experience, plus discretionary bonus.