Principal, Fund Reporting

Invesco-posted 2 days ago

Full-time • Mid Level

Hybrid • Houston, TX

5,001-10,000 employees

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About Invesco As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco. What’s in it for you? Our people are at the ver y core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including: Flexible paid time off Hybrid work schedule 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution Health & wellbeing benefits Parental Leave benefits Employee stock purchase plan Job Description Your Team Investment Distribution and Services (IDS) professionals ensure that the accounting, tax, administration, reporting, and Office of the Fund CFO (OFCFO) services provided to the Invesco investment funds are done so with a consistent level of rigor and governance that allow Invesco to create a superior investment experience for our clients and lead in the markets we serve. Your Role Responsible for providing leadership in the daily activities of the Fund Financial Reporting Group (”Fund Reporting”) within IDS. This includes overseeing the application of accounting and financial principles, theories, and concepts as it relates to the preparation of quarterly, semi-annual and annual reports, financial reporting disclosure requirements, regulatory filings or ad-hoc requests for Invesco’s investment products. This position will work with many business partners, including legal and other IDS teams along with external parties, including the Funds’ various service providers, external counsel and auditors.

Reviewing shareholder reports for adherence with relevant GAAP, regulatory and Invesco policies.
Performing a quality assurance role for outsourced services administered by third-party administrators (TPAs). This includes acting as liaison between the outside audit firm and the TPA, overseeing the financial reporting process and collaborating with the TPA on overall process, disclosure updates and comment resolution.
Representing Fund Reporting on Office of Fund CFO (OFCFO) committees. This involves understanding committee objectives and supporting activities for the committees.
Management and resolution of issues with TPAs and business partners including error and incident report and review. May partner with Advanced Principal on more complex fund error resolution.
Training Fund Reporting staff in financial reporting best practices for investment companies. This includes aiding employees in understanding/implementing new procedures or regulatory requirements.
Collaborating with Fund Reporting management and Advanced Principals in the development, implementation and maintenance of a strong and documented internal control framework.
Leading annual audit process with the outside audit firm. This includes conducting kick-off meetings with key departments, being point person for issues and comments that come up to ensure regulatory reporting deadlines are met.
Staying current and knowledgeable on new accounting pronouncements and relevant regulatory guidelines. The position is expected to assist in researching and implementing appropriate disclosures and procedures to ensure compliance.
Assisting in developing, researching, updating, and maintaining internal controls including preparation of written policies and procedures. The position should make recommendations for improvements to procedures and processes.
Assisting in maintaining the financial reporting system used in the preparation of shareholder reports to ensure data integrity, operating efficiencies, and accuracy.
Assisting in preparation of financial information for the annual updates to the funds’ registration/regulatory statements and/or offering documents in addition to any subsequent filings. This includes maintaining an understanding of regulatory requirements associated with required filings.
Coordinating and reviewing accuracy of other regulatory filings such as N-MFP, N-CSR and others, and collaborating with outside service providers and other departments to ensure filings are completed within regulatory deadlines.
Inspiring and influencing the continuous improvement culture of the team to drive process efficiencies and seed to improve the effectiveness of our assurance process and how we manage risk.
Coordinating and implementing special projects for the department, as assigned.

A minimum of five years of accounting experience.
A Bachelor’s degree is required.
Must have an advanced understanding of accounting and financial principles and be able to apply these principles to accounting for mutual funds.
Must have strong analytical skills to solve complex accounting issues, be proficient in reviewing detailed financial data and show initiative in problem solving and follow up.
Must have the ability to manage multiple projects, delegate work, and prioritize work, to meet deadlines in a dynamic environment.
Excellent written and verbal communication and interpersonal skills necessary to interact effectively with a variety of individuals.
Ability to collaborate with team and outside service providers in a global environment.

Mutual Fund experience and/or financial reporting experience is preferred.
People or process management experience is preferred.
A Bachelor’s degree in Accounting is preferred.
Designation as a Certified Public Accountant (U.S.) or Chartered Professional Accountant (Canada) is preferred.

Flexible paid time off
Hybrid work schedule
401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
Health & wellbeing benefits
Parental Leave benefits
Employee stock purchase plan

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