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UMB Bank · 22 hours ago

Fund Accountant I (Mutual Funds)

Milwaukee, WI

Full-time

Hybrid

New Grad, Entry Level

$43K/yr - $83K/yr

UMB Bank is seeking a Fund Accountant I to join their Registered Fund team, which manages accounting and operational tasks for mutual fund clients. The role involves daily calculation of net asset values and various accounting functions for multiple funds, with opportunities for growth into more complex fund accounting roles.

BankingFinanceFinancial Services

Responsibilities

Oversee general ledger accounting functions for multiple funds

Prepare and review preliminary trial balance and NAV calculation for multiple funds

Monitor and analyze income and expense accruals to ensure GAAP compliance

Analyze corporate action application for GAAP compliance

Reconcile cash settlements to the custodian and prime broker records

Reconcile position quantity to the custodian and prime broker records

Investigate and resolve cash or position discrepancies by collaborating with the custodian, prime brokers, transfer agency, advisor, and/or portfolio managers/traders

Review and resolve trade detail exceptions to ensure transactions are accurately reflected by collaborating with the advisor/portfolio manager or trader

Analyze security pricing exceptions to ensure proper prices are used in the calculation of the NAV

Partner with various internal/external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting regulations

Coordinate audit materials as well as responses to audit inquiries

Other duties as assigned