Manager Fund Accounting

UMB Bank • Milwaukee, WI

2d • $117,900 - $173,393 • Onsite

About The Position

This position is responsible for supervising the daily, weekly, and monthly activities of a fund accounting and administration team. The role involves performing accounting, pricing, review, and reconciliation functions for complex funds for client mutual funds. The Manager will also be responsible for managing the team, including hiring, training, performance management, and client relations. This role requires a strong understanding of the industry, excellent analytical and organizational skills, and the ability to lead and develop a team.

Requirements

• Excellent analytical and organizational skills with strong attention to detail.
• Advanced Microsoft Office skills and advanced Excel skills. Demonstrated aptitude and experience with in-house software.
• Demonstrated managerial and teamwork skills.
• Strong understanding of the industry and the changing environment while anticipating client needs.
• Good relationship development skills and an aptitude for client service.
• Exhibit initiative in a high performing culture and have a track record of meeting or beating deadlines.
• Demonstrates excellent work habits, attendance, and attitude.
• Required to communicate effectively with clients and/or coworkers using common telecommunication and computer equipment.
• Demonstrated ability to multi-task.
• Demonstrate initiative both independently and within a diverse team or with a diverse range of people.
• Bachelor's degree in Accounting or Finance. or any combination of education experience that would provide an equivalent background.
• Seven (7) years Funding accounting or related experience.
• 2 years of Lead experience, preferably in Fund Accounting.

Nice To Haves

• Certified Public Accountant

Responsibilities

• Supervise the daily, weekly and monthly activities of a fund accounting and administration team consisting of individuals varying in skill levels from entry level to Lead level Fund Accountants.
• Perform accounting, pricing, review, and reconciliation functions for more complex funds for several client mutual funds.
• Manage a fund accounting team of 10-15 members with varying levels of experience.
• Provides technical, industry and client specific training and acts as a resource.
• Performs micro and macro level review of all work including final review for clients.
• Manages associate time, salary, and performance records; initiates change of assignments, salary increases, conducts performance appraisals and management activities, and recommends staffing changes.
• Develop and communicate performance objectives and individual development plans.
• Sources/hires associates on the team.
• Collaborate with Human Resources on any disciplinary action needed.
• Manage fund accountant workload and act as escalation point for any issues the team is experiencing.
• Coordinate training of Fund Accounting staff to ensure consistency.
• Assess training opportunities and develop training programs accordingly and present training materials to the department as needed.
• Assess current policies and procedures.
• Amend or add new policies and procedures as needed.
• Key contact for clients being serviced by the team.
• Manage client launches for Fund Accounting, including working with the advisor to establish the appropriate fund set-up, pricing policies, reporting needs, trade delivery methods, etc. to ensure a smooth transition.
• Manage audit requests for various auditors, both internal and external requests.
• Review advisor pricing policies as needed to ensure underlying policies do not violate procedures within the department.
• Review management level exception reports daily to ensure underlying accounting data is accurately reflected in the underlying funds.
• Review weekly custody exception reports to ensure timely resolution of outstanding items.
• Review weekly position recons and monthly binders for funds.
• Analyze corporate action announcements for potential action needed.
• Determine future enhancements needed for efficiency as well as limitations to the system and communicate those to the Head of Fund Accounting.
• Oversee testing for new releases to the accounting system and assist presenting the upgrade features to the Fund Accountants.
• Develop/maintain strong working relationship(s) with advisors, traders, trading assistants, portfolio managers, custodians and auditors.
• Oversee general ledger accounting functions.
• Identify and propose solutions for daily accounting and pricing issues.
• Reconcile key accounts and resolve all exceptions on a daily, weekly and monthly basis. Report information to: Custodians, brokers, shareholder servicing agents and accounting systems.
• Partner with various internal/external parties to ensure compliance with SEC, IRS, and GAAP reporting regulations.
• Other duties as assigned.

Benefits

• Paid Time Off
• 401(k) matching program
• annual incentive pay
• paid holidays
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level