Job Description
Job Description
The position reports to the Manager of Investment Accounting and has contact with various departments/areas, Third Party Administrators and Banks.
The investment accountant is responsible for performing various duties related to accounting and reporting of investments. This position will be responsible for monthly reconciliation and controls of the Company's investments, in fixed assets, limited partnerships and other complex assets.
The candidate will co-ordinate with third parties and be responsible for maintaining an up-to-date database of the corporation's investment data. The candidate will possess a demonstrated level of investment accounting knowledge. The candidate will adhere to all internal accounting process and controls in order to maintain the accuracy and quality of financial information contained in financial statements.
The candidate will be required to handle multiple tasks simultaneously.
The candidate will adhere to strict timelines and communicate clearly and concisely with colleagues and third parties.
Timely completion of GAAP and STAT reconciliation for investment between subledger (Clearwater) and SAP. This includes journal entries, researching and resolving variances an ensuring completeness and accuracy of general ledger balances.
Timely completion of IFRS reconciliation for investment between subledger (Dimension) and SAP. This includes journal entries, researching and resolving variances an ensuring completeness and accuracy of general ledger balances.
Reconcile custodial records with asset managers and accounting managers for applicable portfolios, research and resolve and variances with proper support.
Perform cash reconciliation and book manual journal entries to with appropriate analysis and supporting documentation if any.
Prepares financial statement including footnotes and any applicable schedules related to investment accounting for GAAP, STAT and IFRS basis in a timely manner.
Prepare reconciliations of investment data across multiple platforms (GAAP/STAT/IFRS), Investigate and resolve valuation discrepancies with proper support.
Maintain Limited Partnership log for Capital calls, income, distributions, valuations and accounting for monthly and quarterly close including the STAT reporting.
Monitors and analyzes own work to develop more efficient procedures while maintaining a high level of accuracy.
Review and maintain investment accounting policies and procedures to reflect changes in the business environment, investment activities, and industry best practices.
Coverage and Support
Coverage for team member absences.
Provide support and assistance for audit process, internal controls testing, etc.
Manage special projects and hands-on ad hoc requests outside the day-to-day operations.
Support and enable other team members for completion of ad-hoc requests, special projects, and other duties.
Any other duties as assigned to support the team's present and future functions.
Required Skills & Experience
Requisite Skills & Knowledge Education and Work Experience
Bachelor's degree in accounting or Finance
3 to 5 years of accounting experience and financial reporting
Work experience with investment accounting (US GAAP, STAT and IFRS)
Proficiency with a major general ledger system (SAP)
Experience with Clearwater analytics, WINGS or other large investment accounting system a plus
Proficiency in Microsoft Office Suite -- Excel, Word, Powerpoint
Strong ability to work under pressure and meet require deadlines.
Must be PC proficient and able to thrive in a fast-paced setting.
Excellent written & oral communication with strong interpersonal skills.
Ability to multi-task and stay organized.
Familiarity with various investment asset classes, i.e. fixed, structured, equity, bank loans, etc.
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.