Fund Accountant I, II, or III (Mutual Funds)
About The Position
The UMB Registered Fund team, which manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients. As the Fund Accountant I, you are responsible for all functions related to the daily calculation of the net asset value for multiple mutual funds, as well as, performing the accounting, pricing, review and reconciliation functions for multiple funds such as U.S. and Foreign Equities, Bonds, and Simple Derivatives. As you continue to grow in this role, you can start handling more complex funds such as Advanced Derivates, Bank Loans, and Private Credit. Handling these fund types can lead into becoming a Fund Accountant II and Fund Accountant III. How you will spend your time: 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. We’re excited to talk with you if: You possess a Bachelor’s Degree in one of the following Accounting, Finance, Investment Banking, Economics, or International Business
Requirements
- You possess a Bachelor’s Degree in one of the following Accounting, Finance, Investment Banking, Economics, or International Business
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
Benefits
- UMB offers competitive and varied benefits to eligible associates, such as 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; and various associate banking benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1,001-5,000 employees
