ETF Lead Fund Accountant

3M HEALTHCARE; Milwaukee (WI); Hybrid; USD 76,520 - 163,900; Full time

Benefits offered by this job

Paid Time Off

401(k) matching program

Annual incentive pay

Medical, dental, vision coverage

Health savings account

Job summary

UMB Lead Fund Accountant role overseeing the daily workload of the fund accounting team and approving exceptions for 15-20 funds. Responsible for NAV calculations for 1–2 funds and serving as a primary client contact on fund issues.

Provide training insights, test system releases, and present upgrades to the fund accounting staff. Requires a Bachelor’s in Accounting/Finance and 6+ years of relevant fund accounting experience.

Qualifications

• Bachelor’s degree in accounting/finance or equivalent experience.
• Minimum 6 years external funding accounting or 5.5 years UMB fund accounting.
• Strong GAAP/SEC/IRS knowledge and client service focus.

Responsibilities

• Oversee daily workload for the fund accounting team and validate exceptions.
• Perform GL accounting and NAV calculations for multiple funds.
• Review trial balance, income/expense accruals for GAAP compliance.
• Analyze corporate actions for GAAP compliance and reconcile cash/positions.
• Test new system releases and present upgrade features to staff.
• Coordinate with custodians, brokers, and portfolio managers to ensure compliance.

Skills

Team oversight

Training needs

Education

Bachelor's Degree in Accounting/Finance

Job description

Lead Fund Accountant is primarily responsible for the oversight of a fund accountant’s daily workload. The Lead Fund Accountant is responsible for approving exception cases created by the Fund Accountant for 15-20 funds daily, including the most complex funds of the team. This position is also responsible for all functions related to the daily calculation of the net asset value for one to two assigned funds. The role identifies training needs for the fund accountants as well as potential issues related to client activity or procedures. The Lead Fund Accountant is a key contact with clients on fund issues and acts on behalf of or in the absence of the manager in reviewing critical fund accounting functions/transactions and preparing reports for clients. The Lead Fund Accountants are also responsible for testing any new releases to the system and presenting the upgrade features to the Fund Accountants.

Responsibilities

• Oversight of daily workload for the fund accountant team, including validating exception management cases.
• Perform general ledger accounting functions for multiple funds and ensure compliance with accounting policies, SEC, IRS, and GAAP.
• Monitor and review preliminary trial balance and NAV calculations for multiple funds.
• Monitor and analyze income and expense accruals to ensure GAAP compliance.
• Analyze corporate action applications for GAAP compliance.
• Reconcile cash settlements and position quantity records against custodian and prime broker records.
• Investigate and resolve cash or position discrepancies by collaborating with custodian, prime brokers, transfer agency, advisor, and portfolio managers/traders.
• Review and resolve trade detail exceptions and security pricing exceptions to ensure accurate transaction recording.
• Assess potential training needs for the Fund Accountants and provide performance feedback to the manager.
• Identify potential issues and propose solutions for funds being reviewed.
• Test new releases to the accounting system and present upgrade features to the Fund Accountants.
• Partner with internal and external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting requirements.
• Coordinate audit materials and respond to audit inquiries.
• Perform additional duties as assigned.

Qualifications

• Bachelor’s Degree in Accounting and Finance, or an equivalent combination of education and experience.
• At least six (6) years of external funding accounting or related experience, or five and a half (5.5) years of UMB fund accounting experience.

Work Hours

Monday to Friday: 10 a.m. to 7 p.m. CST. Monday to Thursday are in-office; Friday is remote with possible remote work allowed depending on location.

Compensation Range

$76,520.00 - $163,900.00. The range represents UMB’s standard for this role and may vary by geographic location, experience level, and other job-related factors. The actual compensation may also include additional earning potential.

Benefits

• Paid Time Off
• 401(k) matching program
• Annual incentive pay
• Paid holidays
• Company-sponsored benefits including medical, dental, vision, and other insurance coverage
• Health savings, flexible spending, and dependent care accounts
• Adoption assistance
• Employee assistance program
• Fitness reimbursement
• Tuition reimbursement
• Associate wellbeing program
• Associate emergency fund
• Various associate banking benefits

EEO Statement

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 [e-mail] to let us know the nature of your request. If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.