Undergrad Intern – Global Fund Administration & Oversight (Rancho Cordova, CA or Ft. Lauderdale, FL)

2024 Undergraduate Summer Intern – Job Posting

Department Title: Undergrad Intern – Global Fund Administration & Oversight

Location: The intern must be located in Rancho Cordova, CA or Ft. Lauderdale, FL, and be able to commute into the office on a hybrid basis.

Position Summary: 

Department Overview:

Franklin Templeton Services (“FTS”) provides the following services globally:

• Fund administration & service provider oversight
• Institutional & separate account administration
• Investment operations & services
• Project support & shared services for back and middle office applications

FTS has over 900 employees working in 13 countries and also services over 900 funds (Retail Funds, ETF’s & Private Funds) globally. Within FTS Global Fund Administration and Oversight, the Global Fund Administration and Reporting (“GFAR”) team is primarily responsible for:

• Oversight of various third-party administrators
  • NAV and Distribution Oversight
  • Financial Reporting Oversight
• Ensure adherence to Accounting Standards and Regulatory Rules
• Oversight over Regulatory filings
• Funds Boards and Audit Committees Reporting and Management
• Support of Product Events (i.e., Fund launches, liquidations, mergers, etc.)

Our team values contribution and innovation and is looking forward to working with interns who want to learn, add value and be innovative!

 Team Culture:

Our team’s purpose is “To be a value-add business partner by providing solutions to support the Franklin Templeton funds through innovation, execution and risk management.” 

GFAR engages with a number of stakeholders outside of FTS, such as the Portfolio Managers, Legal, Compliance and Marketing to provide input into other administrative areas of the Fund which these stakeholders are party to.

Our cultural priories are: Engage, Innovate and Own it!

Some of our key goals and initiatives this year involve data & technology (digital tools, GenAI, data science and machine learning) and stakeholder support (integrating the Putnam funds). GFAR will continue the digitization of work through the expanded use of digital tools (i.e., Alteryx, Power BI), identify and execute GenAI use cases to improve oversight processes (i.e., Financial Reporting oversight), and the integration and transition of the Putnam funds.

Key Responsibilities Can Include:

Over the course of the summer, our interns will assist the department in achieving its goals around digitization and integrating the Putnam funds. This may involve reviewing processes for efficiency and automation enhancements as well as assist with building and implementing those enhancements through the use of digital tools. This may also include reviewing practices and policies for harmonization opportunities.

By the end of the summer, our interns will have built up their digital automation tools knowledge, will obtain valuable insights into how investment companies and mutual funds operate, and will have a comprehensive understanding of mutual fund administration and oversight functions.

Ideal Qualifications:

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

• Entering your junior or senior year of your undergraduate degree
• Pursuing a degree in Finance, Accounting or Economics
• Strong verbal and written communication skills
• Attention to detail and analytical skills
• Ability to work independently, with minimal guidance
• Familiarity with digital automation tools (including digital literacy and analysis)
• Curiosity to learn and add value
• Innovative

Ready to make moves? Apply today!

When applying, please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.

Due to the large volume of applications anticipated, we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship, please apply for other internships that pique your interest.

Compensation Range: This is a full-time internship where students will work approximately 37.5 hours per week and earn competitive hourly pay of $24-$26 USD per hour, dependent on location. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. 

What makes Franklin Templeton unique?

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 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.

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 Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.

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.

Salary : $24 - $26