Daryl Meng

Experience

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  MFS Investment Management

  Jan 1996 - Jan 1999

  Asset Management Accounting/Institutional Sub-advisor

  • Communicated all trade-related activity to custodian bank and client.• Resolved reconciliation problems and posted adjustments as necessary.• Maintained internal accounting system tracking including trades and settlements, interest payments, expenses, contributions and withdrawals. Updated stock lending accounts.• Monitored daily fund compliance with investment restrictions detailed in the Prospectus.• Responded to client inquiries and other matters such as compliance, securities valuation, resolved confirmation problems, communicating trade information to sub-advisors, and corporate actions.• Interacted with portfolio manager and market makers/brokers regarding quotes and general market information. Oversaw trade allocation to assure consistency and compliance with firm guidelines.• Proofread performance numbers, analyzed pending reports, conversions, and researched failed trades. Show less

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  State Street

  Jan 1999 - Jan 2007

  • Led and developed fund administration staff of 2 to 3 accounting professionals. Prepared performance reviews, interviewed and hired one new team member.• Reviewed periodic financial statements, partnership operations, portfolio activities, and GAAP checklists.• Additional deliverables completed: Accounting review (GAAP), IRS and SEC compliance, expense budgeting, Form N-1A updates, NSAR filings, and preparing audit work papers.• Leveraged sound business judgment to identify and elevate issues early, propose solutions, and communicate them effectively to team members and client for rapid remediation.• Handled the operational processes to determine and confirm complex securities such as derivative trade terms and regulations with Fund Accounting and client.• Analyzed and reviewed accuracy and legality of derivatives and synthetic exposures.• Supported Vice President of Fund Administration and worked closely with the Treasurer of the funds and Fund Accounting/Legal and PwC through daily, weekly, monthly calls to facilitate the preparation of semi & annual financial statements, N-Q filing, and to assure all RIC and disclosure requirements were met. Show less • Monitored monthly compliance of 9 - 13 Equity & Fixed Income funds for 40 Act Mutual Funds client using tools such as IRS & SEC tests. • Delivered NSAR and NCSR filings. Prepared audit work papers and updated partnerships activities and level agreements.• Prepared periodic financial statements, total return performance reports, audit confirm letters, GAAP checklists, and expense pro-formas.• Trained and coached fund administrators on expenses, NSAR & broker commission, and principal reports.• Reviewed fund expense projections, accruals, expense disbursements & partner allocations prepared by staff on a monthly basis.• Ran internal and external audits and ensured all regulatory compliance issues managed appropriately. Show less

  • Fund Administration Manager

    Jan 2004 - Jan 2007

  • Fund Administration

    Jan 1999 - Jan 2004
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  JPMorgan Chase & Co.

  Jan 2007 - Apr 2016

  • Manage, train, provide objective guidance and create a path of career development staff of 5.• Active contributor on Treasury department initiatives by trained offshore partners on migration processes.• Created procedures for offshore partners in order migrate the processes successfully.• Conduct final reviews and sign off on key deliverables.• Work closely with legal/compliance group to ensure funds are in compliance with the relevant regulations.• Leverage strong technical competencies to serve as go-to-person for the entire team on questions regarding 12d-1 disclosures, prospectus & SAI, excise, and ICI reporting.• Perform on-going review of controls and communicate any new training or procedural changes to the team.• Streamlined operational processes to reduce risk and improve efficiency by developing excel based automated template and included roll-forwards. • Improved cycle-to-cycle consistency, speedier client service, and cut preparation time in half. Rolled out to onsite team and offshore partners.• Assist tax department in preparing excise distributions and ICI reporting.• Contribute to key department initiatives to improve efficiency by automating and using web-based tools. Project cut required man-hours in half.• Worked closely with the Treasurer of the funds and internal/external groups through daily, weekly, monthly calls to facilitate preparation of the annual reporting and to assure all disclosure requirements were met. Show less • Managed day-to-day tasks, trained, and provided objective guidance and career path advice for 2 supervisors.• Provided detailed reviews of final draft results for periodic income distributions.• Assisted manager with interviewing candidates and hiring 4 – 1 officer & 3 staff. Wrote performance reviews.• Developed automated prospectus & SAI template for group, improving quality and cutting preparation time in half.• Leverage tools and techniques for research, analysis, and problem solving including Interpreting data/research, drawing conclusions.• Worked cross-functionally with a team of technology and Fund Accounting to develop and implement from inception to completion web-based projects that support key business deliverables. Show less

  • Fund Administration Treasury AVP

    Aug 2007 - Apr 2016

  • Fund Administration Treasury Officer

    Jan 2007 - Jan 2012
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  State Street

  Jul 2016 - now

  Fund Administration Treasury Manager

  • Managing day-to-day tasks, train, and provide objective guidance and career path advice for 3 associates. Assisting manager with interviewing candidates.• Review periodic financial statements, partnership operations, portfolio activities, board reports, and GAAP checklists.• Additional deliverables: N-Q and NSAR filings.• Leverage sound business judgment to identify and elevate issues early, propose solutions, and communicate them effectively to team members.• Improve efficiency by developing excel-based automation for board materials.• Conduct final reviews and sign off on key deliverables.• Leverage strong technical competencies to serve as go-to-person for the entire team on questions regarding 12d-1 disclosures, prospectus & SAI, excise, and ICI reporting.• Work closely with legal/compliance group to ensure funds are in compliance with the relevant regulations.• Provide detail reviews of final draft results for periodic income distributions.• Day to day approximately 20-25% of time conducting final review and sign off on fund expensebudgeting, estimates & projections, validate and approve of invoices, fund accrual fees setup andexpense reconciliation.• Review and sign off on IRS and SEC compliance, Form N-1A updates and Funds performance.• Work closely with legal/tax group to ensure funds are in compliance with relevant regulationsincluding but not limited to the review calculation of annual tax information reporting such as Form1099, periodic income distributions & analyses, excise and ICI reporting.• Leverage sound business judgment to identify and elevate issues early, propose solutions, andcommunicate them to team members.• Oversee new fund launches, mergers, closure/liquidations. Show less