Senior Manager Fund Accounting
About The Position
The Senior Manager Fund Accounting will oversee the daily, weekly, and monthly activities of a fund accounting team, ensuring the delivery of daily NAV accounting, pricing, review, and reconciliation functions for client mutual funds. This role involves managing a team of fund accounting managers, providing technical and industry training, and acting as a resource for the team. The position also includes managing performance records, conducting appraisals, developing performance objectives and individual development plans, and collaborating with Human Resources on disciplinary actions. The Senior Manager will serve as an escalation point for team issues and client escalations, manage client launches for Fund Accounting, and support managers in ensuring timely completion of audit requests. Additionally, this role will collaborate with the Head of Fund Accounting to improve system functionality, oversee testing for new system releases, and develop strong working relationships with internal and external parties. The Senior Manager will also identify and propose solutions for daily accounting and pricing issues and partner with various parties to ensure compliance with SEC, IRS, and GAAP reporting regulations.
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 consisting of individuals varying in skill levels from Manager to entry level Fund Accountants.
- Interact with clients and 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.
- Manage manager time, salary, and performance records; initiate change of assignments, salary increases, conduct performance appraisals and management activities, and recommend 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.
- Serve as 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.
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 accounts
- flexible spending accounts
- dependent care accounts
- adoption assistance
- employee assistance program
- fitness reimbursement
- tuition reimbursement
- associate wellbeing program
- associate emergency fund
- various associate banking benefits
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What This Job Offers
Job Type
Full-time
Career Level
Senior
