Fund Accountant I - Alt Inv

Company: UMB Bank
Location: Dover
Posted on: January 25, 2023

Job Description:

**_Be part of something more._**A majority of our time is spent "at work." We believe that time most meaningful when it's spent around people who care about you and who challenge you. We hire people who know how to make good decisions, because we won't be constantly looking over your shoulder-you'll be empowered to do what's right for our customers. Most importantly, we're a partner. We partner with our associates to help them thrive personally and professionally. We partner with our communities and the organizations that support them. And, we partner with our customers to create an experience they won't find elsewhere.**Duties & Responsibilities**Independently utilizes generally accepted accounting principles to assist in accounting, pricing, and reconciliation for multiple alternative investment funds.+ Perform general ledger accounting functions ensuring compliance with all accounting policies and procedures and in accordance with applicable rules and regulations such as SEC, IRS and GAAP.+ Develop and maintain a strong relationship with the clients and other professional firms (such as auditors) with whom the clients conduct business.+ Prepare preliminary and final trial balances and net asset value for funds and provide for review.+ Monitor and review cash settlements, investor activity, interest, dividend payments, and other cash items to ensure that outstanding issues are being addressed and elevated to the appropriate level.+ Enter trade information as needed, to reflect current positions in each fund's portfolio.+ Maintain monthly audit and expense analysis schedules to support yearend audits and financial statement preparation.+ Price securities, as required, in accordance with the fund's Offering Memorandum (OM).+ Identify, investigate and report pricing issues to Senior Fund Accountant, Lead Fund Accountant, and/or Manager.+ Reconcile accounts and resolve all exceptions on a daily, weekly and monthly basis. Report information to: clients, brokers, and accounting systems.+ Prepare expense accrual analysis+ Prepare financial reports to ensure that the income has been allocated correctly in accordance with the fund's documents.+ Prepare financial reports ensuring that the management and incentive fees have been calculated and allocated correctly in accordance with the fund's documents.+ Prepare and distribute the financial statements, investor reports and other client reports. Schedules to include the balance sheet, income statement, statement of cash flows, financial highlights and accompanying notes.+ Calculate and present for final review, to the Senior Fund Accountant, Lead Fund Accountant, and/or Manager, the monthly financial package and net asset value of the fund.+ Prepare the quarterly regulatory filings, such as N-Q, N-CSR etc., where applicable+ Utilize general working knowledge of alternative investment funds.+ Other duties as assigned.**Knowledge & Skills**MINIMUM:+ Strong analytical and organizational skills with good attention to detail.+ Moderate Microsoft Office skills with advanced Excel skills. Demonstrated aptitude and experience with in-house software.+ Exhibit initiative in a high performing culture and demonstrate a desire to meet or beat deadlines.+ Demonstrates good work habits and attendance and models policies and procedures.**Requirements**_MINIMUM_ _:_+ Bachelor's Degree in one of the following Accounting, Finance, Investment Banking, Economics, or International Business+ Three (3) years of fund accounting experience or relevant work experience.**Work Environment:**Typical office environmentUMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request.**_Who we are_**We are more than a company. We are advisors, consultants, problem solvers, friends, community members, experts, and we are here to help you make the best of every moment with a financial foundation that can help you succeed.Learn more about The Road to a Career at UMB

Keywords: UMB Bank, Wilmington , Fund Accountant I - Alt Inv, Other , Dover, Delaware