Fund Accountant

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.