Fund Accountant Lead-Alt Inv

Umb Financial Corporation Ogden , UT 84201

Posted 3 months ago

Review or, as needed, perform accounting and administrative functions, including, recording investment and investor transactions, pricing and reconciliation of portfolios, compiling trial balances and financial statements, effecting investor allocations, and investor reporting for alternative investment funds. Additional responsibilities include the progressive training and oversight of fund accounting staff.

  • Independently review or, as needed, perform general ledger accounting functions ensuring compliance with all accounting policies and procedures and in accordance with applicable rules and regulations such as SEC, IRS and GAAP.

  • Develop and maintain a strong relationship with the clients and other professional firms (such as audit/tax) with whom the clients conduct business.

  • Demonstrate ability to onboard a client or new fund(s) for an existing client

  • Review preliminary and final trial balances and net asset value (NAV) for funds completed by Fund Accountants.

  • Monitor and review cash settlements, investor activity, interest, dividend payments, and other cash items to ensure that outstanding issues are being addressed and elevated to the appropriate level.

  • Maintain and/or review monthly audit and expense analysis schedules to support year-end audits and financial statement preparation.

  • Review or, as needed, enter trade information to reflect current positions in each funds portfolio.

  • Review securities pricing, as required, in accordance with the funds Offering Memorandum (OM).

  • Identify, investigate, and propose solutions for daily accounting and pricing issues.

  • Review or, as needed, prepare account reconciliations and ensure that all exceptions are resolved in a timely fashion. Report information to: clients, brokers, and accounting systems.

  • Review or, as needed, prepare the financial reports to ensure that the income has been allocated correctly in accordance with the funds documents.

  • Review, or as needed, prepare the financial reports to ensure that the management and incentive fees have been calculated and allocated correctly in accordance with the funds documents.

  • Review and distribute the financial statements, investor reports and other client reports. Schedules to include the balance sheet, income statement, statement of cash flows, financial highlights and accompanying notes.

  • Calculate and present for review, to the Client, the final financial package and the net asset value of the fund.

  • Review or, as needed, prepare the expense accrual analysis.

  • Review or, as needed, prepare the quarterly regulatory filings, such as N-Q, N-CSR etc., where applicable.

  • Utilize general working knowledge of alternative investment funds.

  • Prepare and provide technical, industry and client specific trainings.

  • Build efficiencies by utilizing the various systems available and building enhancements to systems with the applicable application team.

  • Actively participate on committees.

  • Other duties as assigned.We strive to deliver the unparalleled customer experience, and show customers they can count on more from UMB. The same is true for our associates. You can count on more benefits, more training, more support, and more opportunity!

What you'll get:

Unique Benefit Programs : We offer a great benefits package including several unique programs like an incentive-based wellness program, parental leave, adoption assistance and health care for you, your spouse or domestic partner, your dependents and even your pets!!

Professional Development: We provide our associates with the tools they need to support their career goals - including training, tuition reimbursement and career guidance.

Community Involvement: Giving back is a big part of who we are! We support several great causes throughout the UMB footprint. We even offer Volunteer Time Off, which allows associates to dedicate 16 hours a year to a worthy cause of their choice.

Culture of Diversity and Inclusion: We are committed to building a strong UMB by hiring talented, high-performing associates with diverse backgrounds. Maybe you simply want to work at a company where you have a voice and an opportunity to share your unique ideas.

Please visit us at careers.umb.com to view a list of all available opportunities. UMB is an Equal Opportunity Employer. Principals only. No 3rd parties or agencies, please.

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