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UMB Bank · 2 hours ago

Fund Accountant III-Alt Inv

Chadds Ford, PA

Full-time

Onsite

Mid Level

$57K/yr - $109K/yr

4+ years exp

UMB Bank is a financial institution that provides a range of services, including accounting and reconciliation for alternative investment funds. The Fund Accountant III will be responsible for managing accounting functions, preparing financial reports, and ensuring compliance with regulations while developing client relationships and supporting the growth of the team.

BankingFinanceFinancial Services

Responsibilities

Perform general ledger accounting functions ensuring compliance with all accounting policies and procedures and in accordance with applicable rules and regulations such as SEC, IRS, and GAAP

Develop and maintain a strong relationship with the clients and other professional firms (such as auditors) with whom the clients conduct business

Prepare preliminary and final trial balances and net asset value for funds and provide for review

Monitor and review cash settlements, investor activity, interest, dividend payments, and other cash items to ensure that outstanding issues are being addressed and elevated to the appropriate level

Enter trade information as needed, to reflect current positions in each fund’s portfolio

Maintain monthly audit and expense analysis schedules to support yearend audits and financial statement preparation

Price securities, as required, in accordance with the fund’s Offering Memorandum (OM)

Identify, investigate, and report pricing issues to Senior Fund Accountant, Lead Fund Accountant, and/or Manager

Reconcile accounts and resolve all exceptions on a daily, weekly, and monthly basis

Report information to clients, brokers, and accounting systems

Prepare expense accrual analysis

Prepare financial reports to ensure that the income has been allocated correctly in accordance with the fund’s documents

Prepare financial reports ensuring that the management and incentive fees have been calculated and allocated correctly in accordance with the fund’s documents

Prepare and distribute the financial statements, investor reports and other client reports

Schedules to include the balance sheet, income statement, statement of cash flows, financial highlights and accompanying notes

Calculate and present for final review, to the Senior Fund Accountant, Lead Fund Accountant, and/or Manager, the monthly financial package and net asset value of the fund

Prepare the quarterly regulatory filings, such as N-Q, N-CSR etc., where applicable

Utilize general working knowledge of alternative investment funds

Other duties as assigned

Qualification

Fund AccountingGAAPFinancial ReportingAlternative Investment FundsAccounting PoliciesClient Relationship ManagementDeadline ManagementTeam Collaboration