What are the responsibilities and job description for the Principal Accountant - Investments position at Ameriprise Financial Services, LLC?
Ameriprise Financial is seeking a Principal Accountant to join our Investment Accounting team! This role will be responsible for performing the accounting and reporting processes for derivatives for multiple legal entities ensuring compliance with GAAP, statutory, and regulatory requirements. You will also lead or assist with various projects and provide work direction to a Senior Accountant on daily, monthly, and quarterly processes.
Key Responsibilities
Prepare moderately complex monthly and quarterly entries related to derivative investments held in multiple legal entities
Prepare monthly and quarterly reports on derivative holdings, P&L and related metrics for GAAP, statutory, and regulatory submissions
Perform investment and derivative accounting processes for a variety of transactions within the PAM accounting system in accordance with GAAP, statutory, internal and external policies, procedures and authorizations
Assist senior manager/director in the implementation of new accounting projects and standards including developing and documenting procedures and establishing controls
Lead or assist on enterprise and team projects as needed, such as new accounting processes, systems work, etc.
Provide work direction to one senior accountant on derivative-related work
Required Qualifications
Bachelor's degree in Accounting or Finance
5 to 7 years of accounting experience; solid understanding of financial instruments
Strong business knowledge of investments, GAAP, and statutory accounting treatment
Proven ability to lead through change and strong ability to problem solve
Ability to handle detailed work, analyze results, and understand the "big picture"
Preferred Qualifications
Working knowledge of derivative instruments highly desirable
Strong technical skills including advanced Excel and data analytical tools
Strong understanding of the end-to-end process flows, systems, controls and impacts across products and business lines they support
Experience with Workday general ledger accounting system
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $85,700 - $115,700 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
FIN Finance
Key Responsibilities
Prepare moderately complex monthly and quarterly entries related to derivative investments held in multiple legal entities
Prepare monthly and quarterly reports on derivative holdings, P&L and related metrics for GAAP, statutory, and regulatory submissions
Perform investment and derivative accounting processes for a variety of transactions within the PAM accounting system in accordance with GAAP, statutory, internal and external policies, procedures and authorizations
Assist senior manager/director in the implementation of new accounting projects and standards including developing and documenting procedures and establishing controls
Lead or assist on enterprise and team projects as needed, such as new accounting processes, systems work, etc.
Provide work direction to one senior accountant on derivative-related work
Required Qualifications
Bachelor's degree in Accounting or Finance
5 to 7 years of accounting experience; solid understanding of financial instruments
Strong business knowledge of investments, GAAP, and statutory accounting treatment
Proven ability to lead through change and strong ability to problem solve
Ability to handle detailed work, analyze results, and understand the "big picture"
Preferred Qualifications
Working knowledge of derivative instruments highly desirable
Strong technical skills including advanced Excel and data analytical tools
Strong understanding of the end-to-end process flows, systems, controls and impacts across products and business lines they support
Experience with Workday general ledger accounting system
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $85,700 - $115,700 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
FIN Finance
Salary : $85,700 - $115,700
