Investment Accountant

ADP • Wilmington, DE

402d

About The Position

As an Investment Accountant at ADP, you will be responsible for managing client and corporate funds, providing essential back-office investment and accounting support. This role involves preparing daily investment positions, executing trade settlements, assisting in the month-end close process, and ensuring accurate financial reporting. You will work closely with portfolio managers and various stakeholders to maintain financial integrity and support the overall investment operations.

Requirements

• 3-5 years of experience in an Investment Accountant or similar role.
• Bachelor's degree in Accounting, Finance, or equivalent.
• Licensed CPA or working towards a CPA license is preferred.
• Experience with investment accounting systems, particularly Portia, Bloomberg, Dynamics, and Hyperion.
• Strong internal controls mindset and ability to identify control gaps.
• Outstanding organizational and time management skills.
• Ability to adapt to a rapidly changing environment.
• High degree of professionalism and accountability.
• Proven ability to prioritize multiple projects and responsibilities.
• Proficiency in Microsoft Excel, PowerPoint, and other MS applications.
• Exceptional attention to detail and strong analytical/problem resolution skills.
• Self-motivated with strong communication skills.

Nice To Haves

• Experience at a Big 4 accounting firm is a plus.

Responsibilities

• Prepare daily investment or borrowing positions for U.S., Canadian, and U.K. portfolios averaging about $40B.
• Communicate updates regarding cash transfers from client funds activity to key stakeholders.
• Ensure daily trade settlements with custodian banks and monitor the settlement process.
• Initiate and approve wire transfers using bank online portals.
• Assist with month-end close processes, including journal entries and reconciliations.
• Conduct cash reconciliations and resolve discrepancies in coupon payments.
• Input invoices into the accounts payable system and monitor expense trends.
• Prepare custody reconciliations and research discrepancies.
• Coordinate investment account opening applications with legal and investment counterparties.
• Maintain files of board minutes and broker/legal documentation.
• Assist with the preparation of annual tax packages and provide information for auditors.
• Act as a backup for other associates' duties as needed.
• Prepare weekly investment dashboards for senior executives.
• Update the share repurchase database.

Benefits

• Dynamic and inclusive team environment.
• Opportunities for professional growth and development.
• Commitment to diversity, equity, and inclusion.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree