Duties & Responsibilities
Supervise the daily, weekly and monthly activities of a fund accounting and administration team consisting of individuals varying in skill levels from entry level to Lead level Fund Accountants. Perform accounting, pricing, review, and reconciliation functions for more complex funds for several client mutual funds.
Manage a fund accounting team of 10-15 members with varying levels of experience
Provides technical, industry and client specific training and acts as a resource
Performs micro and macro level review of all work including final review for clients
Manages associate time, salary, and performance records; initiates change of assignments, salary increases, conducts performance appraisals and management activities, and recommends staffing changes
Develop and communicate performance objectives and individual development plans
Sources/hires associates on the team
Collaborate with Human Resources on any disciplinary action needed
Manage fund accountant workload and act as escalation point for any issues the team is experiencing
Coordinate training of Fund Accounting staff to ensure consistency
Assess training opportunities and develop training programs accordingly and present training materials to the department as needed
Assess current policies and procedures
Amend or add new policies and procedures as needed
Key contact for clients being serviced by the team
Manage client launches for Fund Accounting, including working with the advisor to establish the appropriate fund set-up, pricing policies, reporting needs, trade delivery methods, etc. to ensure a smooth transition
Manage audit requests for various auditors, both internal and external requests
Review advisor pricing policies as needed to ensure underlying policies do not violate procedures within the department
Review management level exception reports daily to ensure underlying accounting data is accurately reflected in the underlying funds
Review weekly custody exception reports to ensure timely resolution of outstanding items
Review weekly position recons and monthly binders for funds
Analyze corporate action announcements for potential action needed
Determine future enhancements needed for efficiency as well as limitations to the system and communicate those to the Head of Fund Accounting
Oversee testing for new releases to the accounting system and assist presenting the upgrade features to the Fund Accountants
Develop/maintain strong working relationship(s) with advisors, traders, trading assistants, portfolio managers, custodians and auditors
Oversee general ledger accounting functions
Identify and propose solutions for daily accounting and pricing issues
Reconcile key accounts and resolve all exceptions on a daily, weekly and monthly basis. Report information to: Custodians, brokers, shareholder servicing agents and accounting systems
Partner with various internal/external parties to ensure compliance with SEC, IRS, and GAAP reporting regulations.
Other duties as assigned.
Knowledge & Skills
MINIMUM:
Excellent analytical and organizational skills with strong attention to detail
Advanced Microsoft Office skills and advanced Excel skills. Demonstrated aptitude and experience with in-house software
Demonstrated managerial and teamwork skills
Strong understanding of the industry and the changing environment while anticipating client needs
Good relationship development skills and an aptitude for client service
Exhibit initiative in a high performing culture and have a track record of meeting or beating deadlines
Demonstrates excellent work habits, attendance, and attitude
Required to communicate effectively with clients and/or coworkers using common telecommunication and computer equipment
Demonstrated ability to multi-task
Demonstrate initiative both independently and within a diverse team or with a diverse range of people
Requirements
MINIMUM :
Bachelor's degree in Accounting or Finance. or any combination of education experience that would provide an equivalent background
Seven (7) years Funding accounting or related experience
2 years of Lead experience, preferably in Fund Accounting
PREFERRED
Certified Public Accountant
Work Environment:
Typical office environment. Occasional overnight travel may be required.
Supervision:
Manages a team of Fund Accountants including oversight, hiring, selection and performance management.
Compensation Range:
$91,950.00 - $196,680.00
The posted compensation range on this listing represents UMB's standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
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