Accountant, Fund Administration

*Before applying, please note that this position is based in our Maryland office and requires in-office presence four days per week. Only the Maryland compensation range displayed below applies to this role, regardless of a candidate's current location. Remote work beyond this arrangement and alternative office locations are not available. *   

 

Role Summary 

Join the Global Investment Operations (GIO) Fund Administration & Accounting team as an Accountant, Fund Administration - a role designed for those eager to drive innovation, collaborate across departments, and accelerate their development within the firm. Working under the supervision and direction of a Manager, the Accountant, Financial Reporting Oversight is primarily responsible for ensuring the completeness and accuracy of financial statements and other financial reports generated by third-party service providers for the T. Rowe Price ’40 Act mutual funds and non-registered funds (e.g., trusts, college savings plans, interval funds, Crypto ETP, and partnerships).  This position requires developing an understanding of T. Rowe Price reporting policy as well as a technical understanding of U.S. GAAP and Regulatory disclosure requirements in order to properly review the financial statements. 

 

In this role, you will perform procedures requiring subject matter expertise to monitor and ensure the quality of service provider output; assist in the coordination of financial reporting processes between internal groups, independent accountants, and third-party service providers to ensure deadlines are met; and identify financial reporting enhancements to ensure fund financial statements are prepared in accordance with T. Rowe Price financial reporting policy. This position will support similar oversight of third-party accounting activities. This position will serve as a resource in financial reporting matters and participate in the CEO/CFO certification process for the registered funds.

 

We welcome applications from internal associates across departments (including Technology, Compliance, Data, and beyond) whose institutional knowledge and cross-functional experience are highly valued and will directly contribute to the success of our initiatives. 

 

Responsibilities

Financial Reporting Oversight and Analysis of Complex Accounting Matters:

• Perform financial reporting oversight procedures, which include, among other things, reviewing financial statements for proper presentation and disclosures and performing analytics to assess the reasonableness of balances
• Works directly with the third-party service provider’s financial reporting group to identify questions through the review procedures and elevate such issues to the appropriate parties as necessary.
• Tracks issues encountered to ensure improvements are made going forward, both internally and with service provider teams.
• Works with Fund Administration & Accounting Policy team to understand updates to the oversight program which may cover new/changed: 1) regulatory, legislative, contractual or GAAP accounting/reporting requirements; 2) investment types or practices; 3) services or products, etc.
• Completes work in accordance with financial controls, firm policies, and regulations and demonstrates accountability/ownership for work completed.

Financial Reporting Process Support:

• Uses knowledge of financial reporting to address questions and resolve issues raised by financial statement preparers and others related to financial statements and shareholder report disclosures, as well as Forms N-CSR, N-CEN, N-PORT Part F and N-MFP preparation and filing
• Develop and maintain an understanding of TRP disclosure policies and related regulation which governs them in order to remain knowledgeable in the financial reporting process
• Build an understanding of the various groups, both internal and external, that provide the data which is used in the creation of the financial statements
• Work independently or under minimal to moderate supervision
• Demonstrate sound judgement and analytical thinking when identifying and escalating potential issues
• Leverages AI-enabled productivity tools and applies them responsibly to enhance efficiency, analysis, and problem solving

Provide Leverage to Department:

• Communicate and collaborate with internal groups and external service providers
• Ability to perform research and ad hoc analysis to managers upon request
• Support special projects and initiatives, including new product implementation
• Leverage approved AI tools responsibly to support research, analysis, process efficiency, and the development of clear, accurate work products, while adhering to company policies and validation requirements
• Adapt quickly to changing demands and reprioritization of needs
• Ability to work independently as well as on a team

 

Qualifications

Required:

• Bachelor's degree in Accounting, Finance, or related field

Preferred:

• Bachelor’s Degree in accounting
• Experience in accounting, financial statement preparation, or other related field
• Experience in overseeing third party service providers
• Mutual funds experience
• Experience with AI-tools

 

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

 

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$59,000.00 - $94,500.00 for the location of: Maryland, Colorado, Washington and remote workers
$61,000.00 - $104,000.00 for the location of: Washington, D.C.
$69,500.00 - $118,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all. 

Benefits

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.