Mutual Fund Accountant

About the role

The UMB Registered Fund team manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients. The Registered Fund Accounting group is responsible for all functions related to the daily calculation of the net asset value for multiple mutual funds, as well as, performing the accounting, pricing, review and reconciliation functions for multiple funds such as U.S. and Foreign Equities, Bonds, Simple Derivatives, Advanced Derivatives, Bank Loans, Private Credit. The team is made up of Fund Accountant I's, II's, III's, Leads, and Managers, which handle more complex funds depending on the Fund Accountant level.

Responsibilities

• Oversight of general ledger accounting functions for multiple funds
• Preparation and review of preliminary trial balance and NAV calculation for multiple funds
• Monitoring and analysis of income and expense accruals to ensure GAAP compliance
• Analyzing corporate action applications for GAAP compliance
• Reconciliation of cash settlements to the custodian and prime broker records
• Reconciliation of position quantities to the custodian and prime broker records
• Investigation and resolution of cash or position discrepancies by collaborating with the custodian, prime brokers, transfer agency, advisor, and/or portfolio managers/traders
• Review and resolution of trade detail exceptions to ensure transactions are accurately reflected by collaborating with the advisor/portfolio manager or trader
• Analysis of security pricing exceptions to ensure proper prices are used in the calculation of the NAV
• Partnership with various internal/external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting regulations
• Coordination of audit materials and responses to audit inquiries
• Other duties as assigned

Requirements

Due to growth, the Registered Fund Accounting group is hiring several new additional head count positions for Fund Accountants I, II, and III's.

Qualifications

• Bachelor’s Degree in Accounting, Finance, Investment Banking, Economics, or International Business

Skills

• Strong analytical skills
• Excellent communication and collaboration abilities
• Proficiency in financial software and systems

Benefits

We’re excited to talk with you if you possess a Bachelor’s Degree in one of the following Accounting, Finance, Investment Banking, Economics, or International Business. The hiring level and final pay will be based on the candidate's verified experience during the interview process. Compensation ranges are provided in the job posting.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a 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; and various associate banking benefits. Benefit offerings and eligibility requirements vary.