Senior Manager Fund Accounting

UMB Bank • Milwaukee, WI

8d • Hybrid

About The Position

Oversee the daily, weekly, and monthly activities of a fund accounting team consisting of individuals varying in skill levels from Manager to entry level Fund Accountants. Interacts with clients and ensures team delivers daily NAV accounting, pricing, review, and reconciliation functions for funds for several client mutual funds. Manage a teams of fund accounting managers Ensures team receives technical, industry and client specific training and acts as a resource for the team Manages manager 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 for managers. Works with Managers to do same for their teams. Collaborate with Human Resources on any disciplinary action needed Act as escalation point for any issues the team is experiencing Assess current policies and procedures Escalation and strategic 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. Support Managers to ensure audit requests for various auditors, both internal and external requests are complete and timely. Work with Head of fund Accounting to improve system functionality and prioritize enhancements needed for efficiency 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 Identify and propose solutions for daily accounting and pricing issues Partner with various internal/external parties to ensure compliance with SEC, IRS, and GAAP reporting regulations. Review management exception reports – escalate and facilitate any necessary changes to the system Other duties as assigned.

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
• Strong 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
• Experience managing in office, hybrid and fully remote associate team
• Proven ability to mentor and develop team members
• Bachelor's degree in Accounting, Finance, Investment Banking, Economics, International Business. or any combination of education experience that would provide an equivalent background
• Ten (10) years Funding accounting or related experience
• Three (3) years Supervisor or Management experience, preferably in Fund Accounting

Nice To Haves

• Certified Public Accountant

Responsibilities

• Oversee the daily, weekly, and monthly activities of a fund accounting team
• Ensure team delivers daily NAV accounting, pricing, review, and reconciliation functions for funds for several client mutual funds
• Manage a team of fund accounting managers
• Ensure team receives technical, industry and client specific training and acts as a resource for the team
• Manages manager 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 for managers
• Collaborate with Human Resources on any disciplinary action needed
• Act as escalation point for any issues the team is experiencing
• Assess current policies and procedures
• Act as escalation and strategic contact for clients being serviced by the team
• Manage client launches for Fund Accounting
• Support Managers to ensure audit requests for various auditors, both internal and external requests are complete and timely
• Work with Head of fund Accounting to improve system functionality and prioritize enhancements needed for efficiency
• 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
• Identify and propose solutions for daily accounting and pricing issues
• Partner with various internal/external parties to ensure compliance with SEC, IRS, and GAAP reporting regulations
• Review management exception reports – escalate and facilitate any necessary changes to the system
• 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
• employee assistance program
• fitness reimbursement
• tuition reimbursement
• associate wellbeing program
• associate emergency fund
• various associate banking benefits

What This Job Offers

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