Job Summary
The Fund Accountant for American Trust Wealth will perform administrative and accounting duties for a local government investment pool. Duties include maintaining financial data and recordkeeping, processing income distributions, daily participant funding, reconciliation, and general financial services.
Responsibilities
- Prepare timely and accurate Net Assets Values, yields, distributions, and other fund accounting output for subsequent review
- Perform daily tasks including security buy/sell tickets, packet verifications, approving wires and ACH, website uploads
- Record accurately, and in accordance with the Department policies and procedures, such accounting records as securities positions, and journal entries
- Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly researching and correcting any variances
- Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution
- Assist, as assigned, in preparing audit schedules, compliance reports, GAAP financial statements, or other reports
- Write reports periodically to management on Fund activities and other related issues
- Research, as assigned, certain securities in Fund portfolios for the purpose of ensuring proper accounting treatment (such as the nature of distributions)
- Institutional fund accounting processes also include preparing, reconciling and distributing reports to/from marketing, separate custodians and investment management
- Participate in regular rotation of trade processing and other accounting processes to prepare the fund accounting system for next day activity.
- Keeps apprised of regulatory environment and rules as it relates to securities and fund accounting
- Back up for other accountants for absences primarily in the cash and billing functions.
- Various projects as necessary
- Answer and resolve customer phone calls proficiently
- Answer and resolve customer emails accurately
Skills & Qualifications
- Bachelor’s degree with exposure to finance or any other analytical course work
- 5+ years of related experience in financial services
- 5+ years of related accounting experience
- Possesses excellent interpersonal, decision-making, and analytical skills
- Intermediate working knowledge of Microsoft software. (Excel – such as using Vlookups, pivot tables, “if/then’ formulas)
- Problem Solving: Uses issue identification, data relation and comparison, pattern recognition, and information gathering to create analyses and make recommendations
- Embrace Innovation: Is creative in changing processes, systems, methods, products, structure and services
- Customer Focus: Understands how the department and the organization meet the needs of their customers, both internal and external. Factors customer needs into decisions, actions, and plans
- Drive for Results: Accurately assesses critical issues and concentrates work efforts on them to produce valued results
- Teamwork – Participates in focused, collaborative, results-driven teams
- General Knowledge of Fixed Income Securities; US Treasuries & Agencies, Corporate Bonds, etc.
- General Knowledge of Government Account Standard Board Generally Accepted Accounting Principles.
- Preferred experience in fund accounting software systems; LineData. Understand relation of General ledger, Trial Balance and Shareholder Register.
Salary: $47,500 – $68,500 base salary, based on experience, plus eligibility to participate in company’s bonus program.