Job Responsibilities
As a Financial Reporting Specialist I was responsible for all
aspects of mutual fund SEC reporting, including financial
statements, marketing information, portfolio holdings, and legal
disclosures.
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Job Requirements
I graduated from Cornell with a Bachelor's Degree and began
working as a Financial Reporting Sepcialist and then
Consultant. I worked for three years before coming to Penn
Law. I have a degree in Human Development, but I found that
most financial companies at the time were looking for recent
college graduates with various degrees. The training was
provided at work.
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Uppers
Finanical Reporting is a fast paced industry. I was responsible for all
reporting aspects of multimple mutual funds. I worked directly with different
departments within the company, includin legal, accounting, and marketing.
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Downers
The work is very cyclical and quickly turns into a routine.
There is not much room for creativity. Everything must be done
according to very specific rules and procedures; deadlines are
very strict. This is a very closely regulated industry and the
SEC rules are very stringent.
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Lifestyle
I worked steady hours. There was not much travel involved. Depending on the
reporting cycle, I worked a little more or a little less.
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Compensation
At the time, my salary was $55,000 per year with several
thousands in various bonuses.
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Advice to Jobseekers
If you are motivated, hard-working, efficient, and intelligent,
you will succeed in this industry. However, if you really want
to build a career in the financial reporting industry, you are
likely to need an advanced degree down the road.
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