Fund Accountant I - UMB Bank
Providence, RI
About the Job
_Are you ready to be part of something more?_
You’re more than a means to an end—a way to help us meet the bottom line. UMB isn’t comprised of workers, but of people who care about their work, one another and their community. Expect more than the status quo. At UMB, you can expect _more heart_ . You’ll be valued for exactly who you are and encouraged to support causes you care about. Expect _more trust_ . We want you to do the right thing, no matter what. And, expect _more opportunity_ . UMBers are known for having multiple careers here and having their voices heard.
As part of Institutional Banking, the Fund Accounting team supports the company by ensuring client’s net asset values are accurate and timely. These are processed daily and needed for shareholders as it allows them to buy in or sell out of funds they are invested in.
As a Fund Accountant III you will be responsible for all functions related to the daily calculation of the net asset value for multiple mutual funds. Fund Accountant III’s are responsible for performing the accounting, pricing, review and reconciliation functions for multiple funds. The fund and/or security types increase in complexity with the tenure of the accountant. You will also do the following:
+ Prepare and review preliminary trial balance and NAV calculation for multiple funds
+ Monitor and analyze income and expense accruals to ensure GAAP compliance
+ Analyze corporate action application for GAAP compliance
+ Reconcile cash settlements and position quantity to the custodian and prime broker records
+ Investigate and resolve cash or position discrepancies by collaborating with the custodian, prime brokers, transfer agency, advisor, and/or portfolio managers/traders
+ Review and resolve trade detail exceptions to ensure transactions are accurately reflected by collaborating with the advisor/portfolio manager or trader
+ Analyze security pricing exceptions to ensure proper prices are used in the calculation of the NAV
+ Partner with various internal/external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting regulations
+ Coordinate audit materials as well as responses to audit inquiries
The team works hard but in a fun, relaxed environment where the dress code is casual. Associates will complete tasks individually but still have a team around them to offer support when needed. An inclusive environment where senior leaders go out of their way to meet new associates.
_We’re excited to talk with you if:_
+ You possess a bachelor’s degree in Accounting and Finance or equivalent experience
+ You have at least Four (4) years external fund accounting or related experience or Three (3) and a half years of UMB fund accounting experience
#LI-TC1
Compensation Range:
Minimum: $38,910.00 - Maximum: $90,090.00
_The posted compensation range on this listing represents UMB’s standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information._
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more?
You're more than a means to an end—a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
_UMB 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._
_If you are a California resident, please visit our_ Privacy Notice for California Job Candidates (https://p1.aprimocdn.net/umb/cdbf5f22-8f7a-43b9-bd03-b09f014a39c3/Privacy_Notice_for_California_Candidates_Original_file.pdf) _to understand how we collect and use your personal information when you apply for employment with UMB._
_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 UMB's vision (https://p1.aprimocdn.net/umb/8cf58ce2-e9d6-4621-b60a-b09f01638943/UMB_Tuce_Book_Original_file.pdf)
Check out the road to a career at UMB
You’re more than a means to an end—a way to help us meet the bottom line. UMB isn’t comprised of workers, but of people who care about their work, one another and their community. Expect more than the status quo. At UMB, you can expect _more heart_ . You’ll be valued for exactly who you are and encouraged to support causes you care about. Expect _more trust_ . We want you to do the right thing, no matter what. And, expect _more opportunity_ . UMBers are known for having multiple careers here and having their voices heard.
As part of Institutional Banking, the Fund Accounting team supports the company by ensuring client’s net asset values are accurate and timely. These are processed daily and needed for shareholders as it allows them to buy in or sell out of funds they are invested in.
As a Fund Accountant III you will be responsible for all functions related to the daily calculation of the net asset value for multiple mutual funds. Fund Accountant III’s are responsible for performing the accounting, pricing, review and reconciliation functions for multiple funds. The fund and/or security types increase in complexity with the tenure of the accountant. You will also do the following:
+ Prepare and review preliminary trial balance and NAV calculation for multiple funds
+ Monitor and analyze income and expense accruals to ensure GAAP compliance
+ Analyze corporate action application for GAAP compliance
+ Reconcile cash settlements and position quantity to the custodian and prime broker records
+ Investigate and resolve cash or position discrepancies by collaborating with the custodian, prime brokers, transfer agency, advisor, and/or portfolio managers/traders
+ Review and resolve trade detail exceptions to ensure transactions are accurately reflected by collaborating with the advisor/portfolio manager or trader
+ Analyze security pricing exceptions to ensure proper prices are used in the calculation of the NAV
+ Partner with various internal/external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting regulations
+ Coordinate audit materials as well as responses to audit inquiries
The team works hard but in a fun, relaxed environment where the dress code is casual. Associates will complete tasks individually but still have a team around them to offer support when needed. An inclusive environment where senior leaders go out of their way to meet new associates.
_We’re excited to talk with you if:_
+ You possess a bachelor’s degree in Accounting and Finance or equivalent experience
+ You have at least Four (4) years external fund accounting or related experience or Three (3) and a half years of UMB fund accounting experience
#LI-TC1
Compensation Range:
Minimum: $38,910.00 - Maximum: $90,090.00
_The posted compensation range on this listing represents UMB’s standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information._
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more?
You're more than a means to an end—a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
_UMB 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._
_If you are a California resident, please visit our_ Privacy Notice for California Job Candidates (https://p1.aprimocdn.net/umb/cdbf5f22-8f7a-43b9-bd03-b09f014a39c3/Privacy_Notice_for_California_Candidates_Original_file.pdf) _to understand how we collect and use your personal information when you apply for employment with UMB._
_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 UMB's vision (https://p1.aprimocdn.net/umb/8cf58ce2-e9d6-4621-b60a-b09f01638943/UMB_Tuce_Book_Original_file.pdf)
Check out the road to a career at UMB
Source : UMB Bank