ETF Lead Fund Accountant

UMB Bank•Milwaukee, WI

4d•Hybrid

About The Position

The Lead Fund Accountant is primarily responsible for the oversight of a fund accountant’s daily workload. This position is responsible for approving exception cases created by the Fund Accountant for 15-20 funds daily, including the most complex funds of the team. This position is also responsible for all functions related to the daily calculation of the net asset value for one to two assigned funds. This role identifies training needs for the fund accountants as well as identifies any potential issues related to client activity or procedures related to a client. The Lead Fund Accountant is a key contact with clients on fund issues and acts on behalf of or in the absence of the manager in reviewing critical fund accounting functions/transactions and in preparing reports for clients. The Lead Fund Accountants are also responsible for testing any new releases to the system and presenting the upgrade features to the Fund Accountants. Other duties included the following: Independently review or, as needed, 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.

Requirements

Bachelor’s Degree in Accounting and Finance, or any combination of education experience that would provide an equivalent background
At least Six (6) years external Funding accounting or related experience or Five (5) and half years UMB Fund accounting experience

Responsibilities

Oversight of fund accountant’s daily work, including validating exception management cases
Oversee general ledger accounting functions for multiple funds
Monitor 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
Assess potential training needs for the Fund Accountants and provide feedback to the manager regarding Fund Accountant’s performance
Identify potential issues and possible solutions for the funds being reviewed
Test new releases to the accounting system and present new upgrade features to the Fund Accountants
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.

Benefits

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
various associate banking benefits