Job Description

At Franklin Templeton, everything we do is focused on one thing - delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 12,000 employees working in 34 countries around the world are dedicated to servicing investment solutions for our clients in more than 160 countries. For more than 70 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.

What is the Global Expense & Budget team responsible for?

The global expense & budget team performs oversight of expense ratios, budgets, prospectus disclosures, product analysis, and fund expenses. The team also reviews, prepares analysis and provides approval of certain fund invoices, including custody, fund accounting, fund administration. Role will work closely with Product on various expense analysis related to fund launches, liquidations and mergers. In addition, role will be responsible for implementing and documenting policies and procedures, with a focus on an exception based oversight and risk based controls. This will entail understanding the fund administrators' control environment and continuous developing and implementation of strategic oversight model. The role will also act as a mentor for other team members and other roles within the Fund Administration group. Scope: Responsible for regional / jurisdiction fund groups with exposure to global model.

What are the ongoing responsibilities of a Fund Administration Consultant?

* Responsible for review & approval of complex Funds' budgets, which may prepared by expense type or Fund range, prepared by administrator. Ensures product events are properly reflected in Fund budgets. Understands significant changes in current year accruals as well as prior year expense. Liaise with Financial Reporting and Oversight team on more complex expense categories and product related items impacting shareholder reports.
* Analyze changes in monthly expense ratios, expense caps and waivers. Review changes in monthly contractual fees. Communicate changes in contractual fees and waivers to administrator.
* Collaborate with Product on impact analysis for Fund initiatives such as launches, mergers and liquidations. Coordinate with other areas within Fund Administration and other departments within FT to determine various estimates.
* Lead strategic review of fund administrators' control environment, with continuous developing, documenting and implementation of risk based oversight model. Utilize digital tools to develop and implement exception-based reporting. Act as mentor and point of escalation to the other team members.
* Review and analyze expense disclosures for annual prospectus updates for '40 Act funds. Understands variances between financial statements and prospectus expense ratio. Work closely with Legal on footnotes regarding fees and expense table and coordinates with team.
* Coordinate board reporting including analysis of Fund expenses and review of materials for annual 15c management contract renewals. Provide commentary and analysis to senior management for presentations to fund boards.
* Perform various ad-hoc expense analysis related to changes in vendor agreements, regulatory changes or other scenarios. Review, analyze and validate invoices including custody and fund accounting expense for more complex funds or fund ranges.
* Will support Dublin, UK and LUX Funds so will need flexibility to start work shift at 7am daily.



What ideal qualifications, skills & experience would help someone to be successful?

* BA or BS degree in Accounting, Finance or related field or equivalent experience
* 8-10 years relevant experience, Asset Management industry experience desired
* Strong analytical and problem solving skills with ability to summarize and present results to Senior Management
* Flexible approach and ability to multi task on various projects
* Experience and/or exposure to digital technology tools such as Alteryx and experience implementing process changes
* Expert in Microsoft Office, particularly Excel

What makes Franklin Templeton unique?

In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards--the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.

Highlights of our benefits include:

* Three weeks paid time off the first year
* Medical, dental and vision insurance
* 401(k) Retirement Plan with 75% company match on your pre-tax and/or Roth contributions, up to the IRS limits
* Employee Stock Investment Program
* Tuition Assistance Program
* Purchase of company funds with no sales charge
* Onsite fitness center and recreation center*
* Onsite cafeteria*

*Only applicable at certain locations

We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals. Take some time to, meet some of our people, and see what it means to say, I AM Franklin Templeton.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at http://www.franklintempletoncareers.com/ to learn more about our company and our career opportunities.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com. In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.

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