Investment Accountant

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 Accountant (IA) enters, reconciles, and reviews investment data, ensuring the timely and accurate reconciliation of custodial data in the firm’s investment accounting system. The IA works closely with others in the investment accounting group as well as other departments to prepare, review, and deliver reports and insights for internal and client use. The role requires accounting, critical thinking, organization, time management, and proactive communication.

Key Areas of Responsibility

• Develop subject matter expertise in the firm’s investment accounting system.
• Reconcile investment accounting and general ledger data to custodial records. 
• Retrieve, compare, investigate, and reconcile custodial records in the investment accounting system.
• Review and post transactions from the investment accounting system to the general ledger.
• Calculate and post market value entries.
• Ensure cost and market values are synchronized between investment accounting and general ledger.
• Troubleshoot and timely resolve reconciliation issues to meet deadlines.
• Participate in the client quarterly financial statement process to ensure timely and accurate deliverables, including:
  • Processing and reconciling journal entries for financial reporting.
  • Performing self or secondary review of client financial statements for accuracy and completeness.
  • Monitoring workflows to identify and resolve issues and approvals to ensure accurate and timely distribution of data and reports.
  • Identifying and resolving issues as they arise.
• Collaborate with the Investment Accounting Lead and others to ensure adequate cross training and procedures to provide backup or succession.
• Maintain user defined data, department views and reports in investment accounting system.
• Prepare and scan assigned accounting reports to document management system.
• Advance best-in-class accounting policies, processes, insights, and reporting.
• Lead or actively participate in department meetings, projects, and initiatives.
• Assist in the maintenance of calendars, performance indicators, workloads, workflows and other tools to effectively monitor and measure department performance and outcomes.
• 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).
• 2 years of demonstrated operations or accounting success in the financial, accounting, or professional services.
• Curious, goal oriented, and initiative-taking with a passion for leading transformative change.
• Strong financial and operational analytic and problems solving skills.
• Experience performing balance sheet and portfolio account reconciliations.
• Knowledge of traditional and alternative investments, accounting treatments, reconciliation, and systems (e.g., Clearwater, Caissa, Addepar, Advent, JD Edwards).
• Advance proficiency in Microsoft Excel. Strong working knowledge of PowerPoint, Word, and Outlook. Experience with PowerBI or Tableau a plus.
• Exceptional interpersonal, consultative, and critical thinking skills.
• Strong 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.

Benefits Overview

Waycrosse, Inc. provides employees with a comprehensive benefit program including but not limited to medical, dental, life, vision, retirement (401K), and disability plans.

Salary : $70,000 - $90,000