Federated Hermes is looking for a Financial Analyst to analyze a variety of financial information for the mutual funds including dividend recommendations, capital gain calculations and recommendations, expense analysis, and performance information including Net Asset Values (NAVs), shadow NAVs, dividends, undistributed net income, yields, weighted average maturity, weighted average life and total returns. The Financial analyst also makes recommendations to management based on their findings. This position is in our Pittsburgh, Pa office and offers a hybrid work schedule.
What You Can Expect:
Analyzing dividend recommendations and preparing capital gain calculations for the funds.
Reviewing distribution amounts for the mutual funds that pay dividends and/or capital gains, incorporating any tax adjustments to ensure the funds meet their tax requirements. Making recommendations to management based on your findings.
Overseeing procedures performed by the Funds’ accounting service providers
Preparing the analysis for the monthly market discount analysis (1276 tax adjustment)
Assisting the service provider with security litigation filings and distributing checks to the service providers.
Coordinating completion of NASDAQ filings for the media and supplementary listings; updating Finders and verifying listing in the Wall Street Journal (WSJ), as appropriate. Completing NASDAQ filing for any opening, closing, or merger of funds.
Coordinating completion of ISS and NASDAQ invoices with the Fund Expense Group.
Reviewing summary reports prepared by the Funds’ accounting service providers to ensure that procedures contracted for are being performed at contracted service levels.
Reviewing financial information included in the funds financial statements, prospectus, and statement of additional information.
Preparing appropriate financial information reports for the Board of Directors’ meetings.
Research and evaluate new security holdings for proper accounting treatment.
Assisting in the formulation, recommendation, and implementation of accounting and operational policies and procedures.
Assisting the Securities Valuation department, as needed, by acting as a back-up with monitoring the pricing of fund securities and derivatives.
What We Are Looking For:
Bachelor’s degree in accounting, finance or related business field, or Associate degree in business field (or equivalent) and 5 years of Federated experience required; MBA or CPA preferred
Minimum of 3 years of business experience; 5 years of business experience with 3 years in the mutual fund industry preferred; prior experience and high level of proficiency working with fund accounting and finance related functions, such as, dividend and capital gain distributions, total returns, distribution and SEC yields, and valuation required
Knowledge of mutual funds
Proficiency with Microsoft Excel and Word
About Federated Hermes
For more than 60 years, Federated Hermes (FHI) has provided world-class investment solutions to financial professionals in the United States and around the world. Federated Hermes' employees have defined the qualities of the company’s success over the decades: a reputation for integrity and excellence, a commitment to customers and employees and a history of longstanding client relationships. While each market cycle brings new opportunities and challenges to the company, Federated Hermes continues to foster employee commitment to excellence in the investment management industry.
Our Investment in You
At Federated Hermes, we believe our employees are our most important asset! Therefore, we offer benefits programs designed to help you and your family thrive, training programs to advance your professional development and opportunities for you to give back to the community. Our offerings include:
A competitive total compensation package, including bonus programs designed to recognize and incentivize our employees to do their best every day.
Time off programs including paid vacation, parental leave and a volunteer day to help you stay healthy and connected to the things that are important.
Opportunities to expand your professional network within the firm and the community through participation in programs such as the Women in Investing Employee Resource Business Group and the University Ambassador Program.
A hybrid work schedule that allows you to both work remotely and enjoy the benefits of an office setting part of the time.
Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.
Federated Hermes is committed to providing equal employment opportunities to qualified individuals without regard to the following criteria: race (including physical characteristics such as hairstyles ), color, national origin, religion, sex (including pregnancy), sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any applicable local, state or federal law applicable to Federated Hermes.
For more than 60 years, Federated Hermes has provided world-class investment solutions to financial professionals in the United States and around the world. Federated Hermes' employees have defined the qualities of the company’s success over the decades: a reputation for integrity and excellence, a commitment to customers and employees and a history of longstanding client relationships. While each market cycle brings new opportunities and challenges to the company, Federated Hermes continues to foster employee commitment to excellence in the investment management industry.