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Invesco is one of the world’s leading global investment managers, entrusted with managing $1.5 trillion* in assets on behalf of clients worldwide. We are the 6th largest US retail asset manager and the 13th largest investment manager globally, and our more than 8,000 employees worldwide are dedicated to delivering an investment experience that helps people get more out of life. We are purely focused on managing a comprehensive range of active, passive and alternative investment capabilities, which we draw on to provide customized solutions aligned to client needs, our most important benchmark. (*As of October 31, 2021)
Your Role:
The Fund Treasury Principal provides assurance services for Invesco mutual funds, ETFs, collective trusts, and partnerships in North America related to budget, accrual, invoice management and financial reporting of expenses and ensures compliance with the control framework. The role would provide advisory services for product development, Office of the Fund CFO and applicable product boards. This position will require collaboration with other internal and external teams working with different business lines including marketing, corporate finance, legal and other fund administration teams along with external parties including the Funds’ various service providers and auditors.
What you would be responsible for:
Manages third party and COE services including resolution of issues.
Advises and supports in the development an effective assurance program for expense administration of Invesco mutual funds, ETFs, collective trusts & partnership safeguard assets and ensure the accuracy of operating expenses that result in good financial reporting.
Represents the team on advisory committees such as product, regulatory, risk, and SOX committees.
Researches, reports, and advises on error and incidents, control breaks and remediation.
Collaborates with Fund Treasury management and Advanced Principals in the development, implementation, and maintenance of a strong and documented internal control framework.
Participates and may coordinate internal testing of controls.
Works together with internal & external partners to deliver solutions including setting clear and measurable goals aligned with project deliverables.
Prepares financial analysis for product development or fund expense change initiatives.
Oversees and supports the invoice management process including allocations, wire processing and instructions to third-party administrators through maintenance of process documentation, review of service metrics, and resolution of issues. May directly support time sensitive activities.
Prepares board reporting and reviews reporting prepared by third-parties or COE.
Provides assurance support of fund expense financial data within the regulatory filings such as annual registration statements and shareholder financial statements.
Independently manages audit inquiries and works with third party administrators as necessary.
Provides assurance support of fund fee calculations and support the maintenance of the control documentation and SOX testing on the revenue calculation process.
Provides assurance of trustee compensation administration including administration of deferred compensation and retirement plans and may act as a contact for board members on inquiries.
Keeps current on technical knowledge of existing and new accounting regulations of the mutual fund industry and the impact of such regulations on fund treasury responsibilities.
Identify process efficiencies opportunities and champions for continuous improvement.
Shares information with team members on the asset management industry and Invesco products and practices.
This includes aiding team members in understanding new procedures or sharing resolution to new issues.
The experience you bring:
A Bachelor’s degree in Accounting or Finance is required.
A minimum of 5 years of experience in accounting is required, two of which are in the mutual fund industry is strongly preferred.
Experience in mutual fund administration or accounting is preferred
People or process management experience is preferred
Data management, business process design or any policy oversight experience is also preferred.
Must demonstrate strong analytical skills and be proficient in reviewing financial data.
Strong verbal and written communication skills demonstrated though meetings, documentation/procedures write up, presentations
Develops solutions and takes actions that are consistent with department goals, risk tolerance, the available facts, constraints, and possible consequences.
Must have a solid understanding of asset management industry along with accounting and financial principles and be able to apply these principles to fund expense analysis.
Seeks to improve understanding of industry, Invesco, GFS teams and other lines of business
Interpersonal skills necessary to interact effectively with a variety of individuals. Able to coordinate across groups to deliver solutions for the team.
Sets clear and measurable goals aligned with department direction.
Must have ability to solve problems, meet deadlines, manage multiple projects, prioritize and concentrate on detailed information in a dynamic environment.
Shares important and relevant information with the team. The ability to cooperate in a team environment with positive morale and high standards is critical.
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco is committed to fair and accessible employment practices. If selected for an interview, we will work with you to ensure that your interview is accessible and accommodation is provided. Please contact us at accessibility@invesco.ca or 1.800.874.6275 to let us know if you require accommodation for an interview due to a disability.
