Fund Accountant III-Alt Inv

UMB Bank • Chadds Ford Township, PA

2d • $56,890 - $109,270

About The Position

The Alternative Investments Team provides accounting, pricing, and reconciliation services for our alternative investment fund clients. This group is a growing team that continues to add to our client portfolio. With additional clients and the evolution of client needs comes the opportunity to grow our knowledge base and expand our technological capabilities. As the Fund Accountant III- Alternative Investments, you will support UMB by handling all accounting, bookkeeping, and reporting for our clients. You will have the opportunity to grow professionally, learning more complex tasks, increasing client contact, and ultimately training and reviewing peer’s work. How you will spend your time: 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.

Requirements

• Bachelor’s Degree in one of the following Accounting, Finance, Investment Banking, Economics, or International Business
• You have 4 years of Fund Accounting experience or relevant work experience
• You are an organized individual who works well as part of a team and thrives in a deadline driven environment

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.

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. Benefit offerings and eligibility requirements vary.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees