Manager, Financial Administration

Posted 5 Days Ago
Be an Early Applicant
Bethesda, MD
Mid level
Financial Services
The Role
Manage financial administration processes for ETFs/Mutual Funds, oversee financial admin vendors, support product development, engage in problem-solving, and act as an internal expert resource. Requires a Bachelor's degree and 3-5 years of experience in financial services positions.
Summary Generated by Built In

About Us:

ProShares now offers one of the largest lineups of ETFs, with more than $70 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

Position Summary:

This position involves the management of processes relating to financial administration for ETFs and Mutual Funds, oversight of financial administration vendors, engaging in problem-solving, support for product development, and serving as an internal expert resource.

Essential Job Functions [1]:

  • Manage the funds’ financial processes, including financial reporting, expense management, tax reporting, distributions, etc.
  • Oversee of the funds’ financial vendors, including administrators, fund accountants, auditors, tax accountants, etc.
  • Support new product development and tax management.
  • Engage in day-to-day problem solving and decision-making.
  • Participate in risk management and development of an effective internal control environment.
  • Serve as an internal expert for financial-related product issues.

Education and Experience:

  1. Bachelor’s degree required.
  2. 3-5 years’ experience in Mutual Fund, ETF, CPO and/or comparable financial services positions required.
  3. Financial reporting and/or auditing experience desirable
  4. CPA is desirable.

Knowledge, Skills and Abilities:

  • Excellent analytical and problem-solving skills.
  • Innovative thinking and the ability to challenge the status quo.
  • Knowledge and expertise in fund administration/operations.
  • Ability to work independently within a team structure.

Early Career Period [2]: (90-and 180-day goals):

  • Initial 90-Day Goals (basis for the early career assessment)
    • Demonstrate a working knowledge and understanding of fund administration and fund accounting
  • 180-Day Goals (basis for the six-month review)
    • To be a primary contact for financial administration service providers
    • To challenge, vet, and propose changes to current practices and procedures.
    • To manage specific financial administration processes

The compensation for this position includes salary and incentive pay. The annual base salary range for this role is $95,000 - $150,000 (USD), which does not include discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance.

Our Benefits:

  • Competitive pay and discretionary bonus
  • Paid time off
  • Health care benefits (medical, dental & vision)
  • Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit
  • 401(k) retirement plan with matching contribution
  • Spending Accounts (Health Care, Dependent Care, and Transportation)
  • Wellness Programs (fitness reimbursement, Employee Assistance Program)
  • Education assistance
  • Hybrid work schedule
  • Additional Programs include peer recognition, corporate matching gift

[1] These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required of this job. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.



Additional privacy information for CA residents

EOE STATEMENT

ProShare Advisors LLC and its affiliates are equal opportunity employers and do not discriminate against otherwise qualified applicants on the basis of age, race, color, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), marital or family status, national origin, ancestry, physical or mental disability, mental condition, veteran status, sexual orientation, gender identity, genetic information, or any other characteristic protected by applicable law.  


The Company
HQ: Bethesda, MD
153 Employees
On-site Workplace
Year Founded: 1997

What We Do

ProFunds, founded in 1997, is a premier provider of a diverse lineup of mutual funds offering trading flexibility to all shareholders. In addition to classic index funds, ProFunds offers leveraged and inverse funds that track a variety of broad market, sector and non-equity benchmarks. Together with ProShares, which launched the first U.S. leveraged and inverse exchange traded funds (ETFs) in 2006, ProFunds and its affiliates are global leaders in leveraged and inverse fund investing.

This LinkedIn page is an enterprise-wide page that applies to ProFund Distributors Inc. (“PDI”), ProShare Advisors LLC (“PSA”), ProFund Advisors LLC (“PFA”), and ProShare Capital Management LLC (“PCM”).

To obtain a prospectus, or for more information about the performance and risks of ProFunds mutual funds, please visit ProFunds.com. ProFunds and Foreside do not sponsor the opinions or information presented, unless otherwise indicated, nor do they assume liability for any loss that may result from relying on these opinions or information. The material is not intended as an offer or solicitation for purchase or sale of any security, nor is it individual or personalized investment advice.

ProFunds are distributed by ProFunds Distributors, Inc.

For important information please visit: https://www.profunds.com/terms.html
For more information on the Bitcoin Strategy ProFund (BTCFX), please visit:
https://www.bitcoinmutualfund.com
To obtain a prospectus: https://www.profunds.com/literature/

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