Janet C. Smith
Natick,MA
Summary
Seasoned Asset Management executive with extensive knowledge of mutual fund regulation and operations, retired July 2024. Seeking to apply my 37 years of experience in mutual fund administration, public accounting and operations management as a mutual fund Independent Director. Over 25 years of Board room experience with a reputation for candid communication, strong industry expertise, integrity, and shareholder advocacy.
Overview
37
37
years of professional experience
1
1
Certification
Work History
Head of Fund Administration Services
Putnam Investments
12.1994 - 07.2024
- Reporting to the Chief of Operations, responsible for in-house Fund Administration Services for 100+ mutual funds across diverse asset classes. Includes management of all mutual fund tax and financial reporting matters.
- Principal Financial Officer, Principal Accounting Officer and Assistant Treasurer for Putnam's 100+ mutual funds
- Extensive experience presenting to the Putnam Trustees on tax, accounting, financial reporting, distributions and internal control matters
- Managed a team of fifty professionals providing regulatory reporting, tax, fund expense budgeting and analysis, and product information management services to Putnam's global product line
- Extensive experience with fund mergers and new product launches and related regulatory and tax issues, including successful interactions with the SEC
- Successfully led the implementation of large automation initiatives for regulatory reporting, tax compliance, and product data management
- Putnam Ombudsperson 2016-2024.
- Chair of the Putnam Funds' Disclosure Controls Committee, member of Derivative Risk Oversight Committee, New Securities Committee, PAC Governance Committee, and Benefits Administration Committee
Audit Manager
PricewaterhouseCoopers
06.1987 - 12.1994
Managed audits of complex operating companies and mutual funds
Education
Bachelor of Science -
Babson College
Wellesley, MA05.1987
Skills
- Mutual Funds and Securities tax issues
- Regulated investment company financial reporting
- Fund Accounting, including valuation and GAAP
Technical Expertise
- Leveraged closed end mutual funds
- Expense structuring, budgeting and management
- Risk management and internal controls
- Qualifies as Audit Committee Financial Expert under Sec 407 of the Sarbanes-Oxley Act
Accomplishments
Recipient of the Putnam Board of Trustees Outstanding Service Award
Affiliations
- Member ICI Tax Committee and Accounting/Treasurer's Committee
Certification
Certified Public Accountant, Massachusetts (inactive)
Timeline
Head of Fund Administration Services
Putnam Investments
12.1994 - 07.2024
Audit Manager
PricewaterhouseCoopers
06.1987 - 12.1994
Bachelor of Science -
Babson College
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