Fund Accountant

  • location: Minneapolis, MN
  • type: Permanent
  • salary: $50,000 - $55,000 per year
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job description

Fund Accountant

job summary:
Fund Accountant

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
  • 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 - 55,000 per year
work hours: 9 to 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
  • 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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