Manager Fund Accounting

Fund Accounting Manager

Supervise the daily, weekly and monthly activities of a fund accounting and administration team consisting of individuals varying in skill levels from entry level to Lead level Fund Accountants. Perform accounting, pricing, review, and reconciliation functions for more complex funds for several client mutual funds.

• Manage a fund accounting team of 10-15 members with varying levels of experience
• Provides technical, industry and client specific training and acts as a resource
• Performs micro and macro level review of all work including final review for clients
• Manages associate time, salary, and performance records; initiates change of assignments, salary increases, conducts performance appraisals and management activities, and recommends staffing changes
• Develop and communicate performance objectives and individual development plans
• Sources / hires associates on the team
• Collaborate with Human Resources on any disciplinary action needed
• Manage fund accountant workload and act as escalation point for any issues the team is experiencing
• Coordinate training of Fund Accounting staff to ensure consistency
• Assess training opportunities and develop training programs accordingly and present training materials to the department as needed
• Assess current policies and procedures
• Amend or add new policies and procedures as needed
• Key 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
• Manage audit requests for various auditors, both internal and external requests
• Review advisor pricing policies as needed to ensure underlying policies do not violate procedures within the department
• Review management level exception reports daily to ensure underlying accounting data is accurately reflected in the underlying funds
• Review weekly custody exception reports to ensure timely resolution of outstanding items
• Review weekly position recons and monthly binders for funds
• Analyze corporate action announcements for potential action needed
• Determine future enhancements needed for efficiency as well as limitations to the system and communicate those to the Head of Fund Accounting
• Oversee testing for new releases to the accounting system and assist presenting the upgrade features to the Fund Accountants
• Develop / maintain strong working relationship(s) with advisors, traders, trading assistants, portfolio managers, custodians and auditors
• Oversee general ledger accounting functions
• Identify and propose solutions for daily accounting and pricing issues
• Reconcile key accounts and resolve all exceptions on a daily, weekly and monthly basis. Report information to : Custodians, brokers, shareholder servicing agents and accounting systems
• Partner with various internal / external parties to ensure compliance with SEC, IRS, and GAAP reporting regulations.
• Other duties as assigned.

Minimum :

Requirements :

Preferred :

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.

Compensation Range :

$91,950.00 - $196,680.00

The posted compensation range on this listing represents UMB's standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information.

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.

Are you ready to be part of something more? You're more than a means to an enda way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.