Fund Accountant

  • location: Minneapolis, MN
  • type: Permanent
  • salary: $50,000 - $60,000 per year
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job description

Fund Accountant

job summary:
Job Summary:

The Fund Accountant is responsible for managing the accounting books of an assigned fund. Also ensuring that the balance sheet and profit and loss account are accurately reported on a timely basis within tight deadlines, and makes certain strong internal controls are maintained in accordance with financial policies.

Principal Accountabilities:

50% - Daily Accounting

  • Handle accounting for assigned simple to moderate funds, including review of daily price control checks, P&L reasonableness, inter system reconciliations, ensuring that reconciling items are investigated and resolved, or escalated in a timely manner.
  • Ensure controls are in place and accounts are accurate on a daily basis, providing clear and accurate management information to support decision-making.
30% - Month End Tasks

  • Fully reconcile the month end trial balance to independent support for the assigned moderate complex funds.
  • Prepare month end balance sheet reconciliation ("ME pack") fully supported with source documentation.
  • Provide insightful commentary for balance sheet and P&L movements.
  • Ensure balance sheet is reported in accordance with relevant accounting standards, Investment Company Audit Guide and accounting policies as appropriate.
5% - Price Products

  • Daily and monthly product pricing for assigned funds.
  • Understanding the pricing methodology and valuation models for applicable products in sufficient detail to be able to ensure absolute accuracy.
5% - Process Improvements

  • Identify and implement work process improvements with regards to efficiency and ensuring that strong internal controls are maintained.
10% - Other responsibilities

  • Prepare yearend audit packs
  • Assist with annual financial statement preparation for assigned funds, including: reconciliation of cash and holdings, ensuring reconciling items are researched and resolved, review of trial balance.
  • Answer ad hoc questions from various groups including auditors (internal and external), and the global peer group.
  • Work with portfolio manager and traders for the assigned fund to improve knowledge of financial products and trading strategies.
  • Work with team members in Operations, Risk and Credit departments as necessary.
Qualifications:

  • Degree in Accounting/Finance or equivalent experience
  • 2+ years' experience in financial services, mutual funds or related field
  • Strong analytical skills and business acumen
  • Strong organizational skills and attention to detail
  • Strong verbal and written communication skills
  • Strong dispute resolution and effective problem solving skills
  • Demonstrated customer service and continuous improvement focus
  • Knowledge of US GAAP and IFRS
  • Audit/Control Minded
  • Ability to work in changing, fast-paced work environment
  • Fund Administration Accounting experience desired.
  • Knowledge, experience and skills in the use of PC-based systems, including MS Excel.
 
location: Minneapolis, Minnesota
job type: Permanent
salary: $50,000 - 60,000 per year
work hours: 8-5
education: Bachelor's degree
experience: 2 Years
 
responsibilities:
Principal Accountabilities:

50% - Daily Accounting

  • Handle accounting for assigned simple to moderate funds, including review of daily price control checks, P&L reasonableness, inter system reconciliations, ensuring that reconciling items are investigated and resolved, or escalated in a timely manner.
  • Ensure controls are in place and accounts are accurate on a daily basis, providing clear and accurate management information to support decision-making.
30% - Month End Tasks

  • Fully reconcile the month end trial balance to independent support for the assigned moderate complex funds.
  • Prepare month end balance sheet reconciliation ("ME pack") fully supported with source documentation.
  • Provide insightful commentary for balance sheet and P&L movements.
  • Ensure balance sheet is reported in accordance with relevant accounting standards, Investment Company Audit Guide and accounting policies as appropriate.
5% - Price Products

  • Daily and monthly product pricing for assigned funds.
  • Understanding the pricing methodology and valuation models for applicable products in sufficient detail to be able to ensure absolute accuracy.
5% - Process Improvements

  • Identify and implement work process improvements with regards to efficiency and ensuring that strong internal controls are maintained.
10% - Other responsibilities

  • Prepare yearend audit packs
  • Assist with annual financial statement preparation for assigned funds, including: reconciliation of cash and holdings, ensuring reconciling items are researched and resolved, review of trial balance.
  • Answer ad hoc questions from various groups including auditors (internal and external), and the global peer group.
  • Work with portfolio manager and traders for the assigned fund to improve knowledge of financial products and trading strategies.
  • Work with team members in Operations, Risk and Credit departments as necessary.
 
qualifications:
Qualifications:

  • Degree in Accounting/Finance or equivalent experience
  • 2+ years' experience in financial services, mutual funds or related field
  • Strong analytical skills and business acumen
  • Strong organizational skills and attention to detail
  • Strong verbal and written communication skills
  • Strong dispute resolution and effective problem solving skills
  • Demonstrated customer service and continuous improvement focus
  • Knowledge of US GAAP and IFRS
  • Audit/Control Minded
  • Ability to work in changing, fast-paced work environment
  • Fund Administration Accounting experience desired.
  • Knowledge, experience and skills in the use of PC-based systems, including MS Excel.
 
skills: Account Reconciliation
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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