Senior Manager Fund Accounting

About the role

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 the team delivers daily NAV accounting, pricing, review, and reconciliation functions for funds for several client mutual funds.

Responsibilities

• Manage a team of fund accounting managers.
• Ensure the team receives technical, industry, and client-specific training and acts as a resource for the team.
• Manage manager time, salary, and performance records; initiate changes 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; work with managers to do the 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, 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 in presenting the upgrade features to the fund accountants.
• Develop and maintain strong working relationships 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.

Requirements

• Bachelor’s degree in Accounting, Finance, Investment Banking, Economics, International Business, or any combination of education and experience that would provide an equivalent background.
• Ten (10) years of fund accounting or related experience.
• Three (3) years of supervisor or management experience, preferably in fund accounting.

Knowledge & Skills

• Excellent analytical and organizational skills with strong attention to detail.
• Advanced Microsoft Office 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 teams.
• Proven ability to mentor and develop team members.

Preferred

• Certified Public Accountant (CPA).

Work Environment

Typical office environment. Occasional overnight travel may be required.

Supervision

Manages a team of fund accountants including oversight, hiring, selection, and performance management.

Pay

$141,354 – $207,900 (actual compensation may vary by geographic location, experience level, and other job-related factors).

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.