Investment Accountant

Company: ADP
Location: Wilmington
Posted on: January 16, 2020

Job Description:

Investment AccountantReq Number:186646Category:Finance/AccountingPosted Date:December 12, 2019Work Location(s):Wilmington,DE,USAt ADP we are driven by your success. We engage your unique talents and perspectives. We welcome your ideas on how to do things differently and better. In your efforts to achieve, learn and grow, we support you all the way. If success motivates you, you belong at ADP.We strive for every interaction to be driven by our CORE values: Insightful Expertise, Integrity is Everything, Service Excellence, Inspiring Innovation, Each Person Counts, Results-Driven, & Social Responsibility.BASIC FUNCTION:Provide general back office investment and accounting support including: creating morning investment and borrowing positions for portfolio managers; daily trade settlements with custodian bank; preparation of wire transfers; accounts payable; perform monthly accounting entries, assist in the month-end close process, including preparing payroll entries, investment rollforwards, and other month-end reconciliations.GENERAL RESPONSIBILITIES:

• Prepare daily investment and/or borrowing positions for approximately 35 U.S., Canadian, U.K., and French portfolios averaging about $31B per day, which require accurate and timely presentation to portfolio manager and Corporate Treasury throughout the day. Cash positions include beginning cash balance, maturities, coupon payments, cash transfers, corporate actions, sales, purchases, and other miscellaneous items. Communicate with various groups throughout the day and provide updates to key stakeholders regarding changes to cash transfers from client funds activity.
• Reconcile cash daily for all portfolios. This involves ensuring that cash coupons and trade settlements are processed on a timely basis and agree with ADP accounting system records.
• Daily trade settlements with custodian bank ensure that trades entered into the investment system are fed into the custodian bank system and monitor settlement process throughout the day. Investigate and resolve trade differences as they arise by communicating with brokers and custodian bank.
• Initiate wires transfers utilizing the bank online portals. Approve and release repetitive and free form wire transfer payments.
• Accounts Payable input invoices into the accounts payable system daily and create a list of checks to be paid on a weekly basis. Monitor the expense trend and ensure adequate liquidity to fund the disbursements.
• Assist with month-end close process including preparation of certain monthly journal entries and investment rollforwards.
• Prepare custody reconciliations monthly and research any discrepancies.
• Maintain files of board minutes and other broker/legal documentation
• Coordinate investment account opening application with ADP legal and investment counterparties
• Other complexities and responsibilities of this position not captured above.

• Interact with various levels of local and corporate teams to obtain accurate cash flow figures.
• Provide ongoing support to portfolio manager.
• Provide detailed variance explanations, research and resolve all income and trade related discrepancies daily.
• Assist with month-end close duties interest income analysis, verifying book yields, and average book values, management fee invoices.
• Act as backup in the duties of other associates, in the event of absence of other team members.
• Assist with preparation of annual tax package.
• Assist with providing information for internal and external auditors.QUALIFICATIONS :Education : Bachelor Degree in Accounting or Finance required (or equivalent in education and experience); Licensed CPA or working toward license is highly desirable.Experience : Approximately 3-4 years of experience in progressive accounting and finance environment with a Big 4 accounting firm (investment accounting preferred). Experience in an investment firms back office operations or equivalent preferred.Preference will be given to candidates who have the following :
  • Outstanding proficiency in Microsoft Excel, PowerPoint, and other MS applications.
  • Knowledge of the Portia investment accounting system, Bloomberg, Dynamics general ledger, and Hyperion Financial Management systems are desired
  • Strong internal controls mindset (ability to identify and close control gaps and/or issues)
  • Exceptional attention to detail and strong analytical/problem resolu tion skills
  • Ability to prioritize multiple projects and responsibilities simultaneously (multi task)
  • Ability to adapt to a rapidly changing environment is essential
  • Outstanding organizational and time management skills
  • Self-motivatedWere designing a better way to work, so you can achieve what youre working for. Consistently named one of the Most Admired Companies by FORTUNE Magazine, and recognized by DiversityInc as one of the Top 50 Companies for Diversity, ADP works with more than 740,000 organizations across the globe to help their people work smarter, embrace new challenges, and unleash their talent. Always Designing for People means were creating platforms that will transform how great work gets done, so together we can unlock a world of opportunity.At ADP, we believe that diversity fuels innovation. ADP is committed to equal employment opportunities regardless of race, color, genetic information, creed, religion, sex, sexual orientation, gender identity, lawful alien status, national origin, age, marital status, or protected veteran status. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.Read more about this jobApply NowShare this job
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Keywords: ADP, Wilmington , Investment Accountant, Accounting, Auditing , Wilmington, Delaware