Accounting and Finance Associate

Company Profile

Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, equity, fixed income, and alternative offerings.

We manage approximately $65bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate.

GMO is privately owned and employs over 430 people worldwide. We are headquartered in Boston, with additional offices in Europe, Asia and Australia. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results.

Please follow the prompts included in this job posting to apply. The application window for this role is anticipated to remain open until the job is filled, or as otherwise determined by GMO.

Corporate Accounting and Financial Reporting Team Overview

The Corporate Accounting and Financial Reporting Team is responsible for maintaining the firm’s accounting records and preparing the firm’s annual financial statements. The team produces financial reporting and analyses for management, the Board, and U.S. government agencies.  The team is responsible for the firm’s partnership accounting, payroll, accounts receivable, accounts payable and cash management.  The team oversees the global finance activities including transfer pricing between its subsidiaries.

This role will report to the Financial Operations Manager.

Responsibilities:

•Process semi-monthly and biweekly payrolls for approximately 400 employees, partners, co-ops and interns

•Maintain schedules and reconciliations for aforementioned payrolls, payroll reporting, 401(k) benefit plan, and payroll taxes

•Assist in the accounts payable process, including supplier verification, purchase order maintenance, invoice entry, and settlement run preparation

•Process employee reimbursements and corporate AMEX statements through the firm’s expense management system and ensure accurate data transfer into the accounting system

•Administer the firm’s matching gift program

•Prepare various revenue reconciliations and record monthly pooled product fees

•Monitor and reconcile accounts receivables and payables balance sheet accounts

•Leverage technology to achieve the team’s goal of process and data entry automation

•Support monitoring of daily cash activity, ensure adherence to cash controls, and monthly cash reconciliations for multiple bank accounts

•Assist in other projects as assigned by the Treasury and Payables Manager and the Head of Corporate Accounting and Financial Reporting

•Opportunities to take ownership of processes, suggest improvements and efficiencies, eliminate redundancies, and collaborate with others on the global team

Requirements:

Skills:

•Bachelor’s degree in accounting, finance, business administration or similar with 1-4 years of work experience in a similar function 

•Experience with general ledger accounting and financial reporting systems

•Experience in payroll and/or accounts payable processing a plus

•Strong quantitative and analytical abilities

•Strong organizational skills and attention to detail

•Must be adept at learning new technology

•Proficient in MS Excel (Pivot Table and V-Lookup experience a plus)

Characteristics:

•Team player, positive and service-oriented attitude, professional and mature

•Able to work effectively and efficiently with little supervision

•True interest in working in a finance and accounting department

•Ability to prioritize multiple tasks, set goals and meet deadlines

•Task oriented but also thinks about the bigger picture

•Willing to take the initiative to improve, develop, and document new processes, learn new systems, and lend support wherever needed

GMO is committed to the recruitment, employment, and promotion of all candidates equally, regardless of an individual's gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law.

Salary : $70,000 - $80,000