Investment Accounting Manager

Job Description

Job Description

Salary : About Waycrosse

About Waycrosse

Established over 50 years ago, Waycrosse, Inc. is a single-family office based in Wayzata, MN. We provide comprehensive wealth management services to our clients including facilitating legal services, tax, insurance, and investments.

We are passionate about being the most trusted partner to our clients and look for individuals who can deliver outstanding service with the utmost confidentiality.

We take pride in being a workplace that fosters an inclusive culture, strives to attract, develop, and retain top caliber talent through competitive rewards, while ensuring alignment with our values and achievement of our mission we would love to meet you.

Overview

The Investment Accounting Manager (Manager) leads the investment accounting team and oversees the planning, activities, and delivery of investment data, accounting, and reporting.

The Manager works closely with other departments, including investment operations, accounting, and wealth management to ensure timely and accurate data and reporting for internal and client use.

Key Areas of Responsibility

• Lead and manage the investment accounting team and the planning, activities, performance, and delivery of investment data, accounting, and reporting, including data aggregation, reconciliation, and reporting of investment holdings, values, transactions, transfers, corporate actions, entries, money movement, reconciliations, and reporting.
• Serve as subject matter expert for investment accounting principles, practices, and technology platforms. Advance the application of industry best practices to deliver best-in-class accounting and reporting.
• Provide guidance to the investment accounting team. Develop and implement training and support programs to ensure employees effectively utilize processes, systems, and reports.
• Develop and maintain efficient and effective accounting policies, procedures, calendars, KPIs, audits, and workloads to ensure accurate daily, monthly, and quarterly deliverables.
• Develop and maintain department review and audit processes. Review and approve client reports prior to distribution, validating accuracy and compliance.
• Safeguard compliance by actively maintaining and enforcing policies and procedures.
• Develop and implement best practices for accounting, reporting, and insights, ensuring efficient and effective processes, workflows, communication, and reporting with accounting, investment operations, wealth management, and other departments.
• Lead meetings, projects, and initiatives.
• Serve as wire approver, ensuring accuracy and adherence to policies and procedures.
• Serve as lead relationship manager for assigned relationships (i.e., custodians, investment accounting platform vendor).
• Maintain professional and technical knowledge through self-initiated professional development.

Professional Qualifications

• Bachelor’s degree in accounting, finance, or business. Relevant professional certifications a plus (CPA, MBA, CFA).
• 8+ years of progressive accounting success in investment, accounting, or professional service environments.
• Curious, goal oriented, and initiative-taking with a passion for leading transformative change.
• Expertise and experience developing and implementing accounting processes, review / audit, and KPIs.
• Expertise in traditional and alternative investments, accounting treatments, reconciliation, and systems (e.g., Clearwater, Caissa, Addepar, Advent, JD Edwards).
• Demonstrated success managing teams, projects, and complex processes.
• Strong organization, accounting, and operations capabilities
• Advance proficiency in Microsoft Excel. Strong working knowledge of PowerPoint, Word, and Outlook. Experience with PowerBI or Tableau a plus.
• Strong interpersonal, consultative, and critical thinking skills.
• Exceptional analytic, verbal, written, and presentation skills.
• Ability to balance multiple priorities, projects, and deadlines.
• Ability to proactively identify, assess, and implement process and client service improvements.
• Maintain a prominent level of integrity and discretion while managing confidential information.

Working Conditions

The physical working conditions of this position include an office environment where sitting and working on a computer for extended periods of time are common.

Hybrid Work Environments

We operate a hybrid work environment. Employees are required to be in the office Wednesdays and a minimum of two other days per week, for a total of three days in office and two days remote.

This work arrangement is subject to change at the discretion of Waycrosse.