Intern, Fund Administration

Russell Investments Seattle , WA 98113

Posted 2 months ago

Business Unit:

Global Operations

Job Description:

Our full-time summer internship program starts in May or June and requires a 10 to 12 week commitment. When you intern at Russell Investments, you're a full member of the team. Our internships are a rewarding learning experience as they allow students to get a head start on their career, learn from leaders in the industry and work in a stimulating and challenging environment while being well compensated. As an intern on our Fund Administration team you will provide support for the operational functions of the US retail and institutional fund complexes, including fund accounting, financial reporting, expense management, compliance, valuation, and tax. The goal of the internship is to provide the intern with a basic understanding of investment companies-- what they are, how they operate, the regulatory bodies that govern the funds, and why it all matters.

The responsibilities of the individual in this position include:

  • Participate in education sessions with each area within Fund Administration to gain an understanding of what each group is responsible for.

  • Assist in the preparation of financial reporting filings (monthly/quarterly/ semiannual/annual). Learn how to prepare a financial statement for a mutual fund or alternatives fund and assist as needed.

  • Assist on special projects such as regulatory guidance updates and process improvement projects.

  • Assist on Fund Complex product initiatives such as new fund launches, mergers, closures, and fund strategy changes. Assist with audit confirmations as needed. Assist with Board reporting and regulatory reporting requirements as needed.

  • Support the manager oversight function as related to manager transitions, foreign registration and maintenance of the database used for audit purposes (ISDA and broker account data)

The successful candidate will have extensive demonstrable skills and experiences including the following:

  • Educational knowledge of GAAP and/or financial instruments

  • Ability to organize and prioritize assignments and meet deadlines.

  • Solid analytical skills, attention to detail, and facility with numbers

  • Solid computer skills; competency using standard spreadsheet and word processing applications

  • Ability to work collaboratively

  • Communication skills: verbal, written

  • Must be enrolled at an accredited university and enrolled in a 4 year degree program

Equal Employment Opportunity

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.

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Intern, Fund Administration

Russell Investments