Investment Accountant

Confidential; Conshohocken (Montgomery County); On-site; USD 48,216 - 55,104; Full time

Benefits offered by this job

Medical insurance

Vision insurance

Job summary

A leading financial firm in Conshohocken, PA is seeking an Investment Accountant on a temporary basis. This role involves operations and portfolio management support for alternative investment strategies, requiring a detail-oriented professional with strong accounting skills and experience in investment accounting. Candidates will benefit from training and a dynamic working environment, with potential for further career advancement.

Qualifications

• Minimum of 3 to 5 years of investment accounting experience.
• Prior experience in alternative investment operations preferred.
• Ability to summarize findings clearly.

Responsibilities

• Monitor investment and investor activity for multiple portfolios.
• Reconcile transactions and maintain accuracy of records.
• Provide support for audits and board meetings.

Skills

Organizational skills

Analytical skills

Detail-oriented

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Investran

Job description

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Base pay range

$35.00/hr - $40.00/hr

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Recruiting for and managing top notch accounts

Description-this is a contract role for a major financial firm in Conshohocken, PA.

Temp will start on site and will be recommended to come in 4 days a week for in person training with the teammates, before being ale to go to 3x a week on-site attendance.

First round of interviews will be via Zoom with manager and another member, and if we find a fit candidate for the role we would want to bring them in for a second in-person interview.

This position will work specifically with the Alternative Investment Services (AIS) Team in support of Investment Teams within Brokerage Investment Management. The AIS Team currently supports 300+ investment vehicles that utilize a variety of alternative investment strategies and vehicle structures with total net assets under management around $46 billion. The individual in this position will be responsible primarily for operations and portfolio management support activities for the Hedge Fund Solutions (HFS) funds and separately managed accounts.

Responsibilities in this position will result in detailed knowledge of accounting and operations for the HFS portfolios, including investments in hedge funds, private equity funds and co-investments, more liquid daily-traded fund investments and securities, and derivative investments, such as total return swaps and forward currency contracts. This position will also result in detailed knowledge of accounting for hybrid fund structures that combine hedge fund investing with private equity investor capital activity and fee structures. This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the investment vehicles. This position will be located in the West Conshohocken, PA office.

Responsibilities

• Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions, including cash distributions and receipts.

• Developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios.

• Overseeing third party service providers in posting activity to the portfolios' general ledger and maintaining portfolio activity in AIS's parallel portfolio accounting system, Investran.

• Reconciling transactions, valuations, management fees, performance fee/carried interest calculations, P&L components, and other activity between Investran and the third party service provider's records on a monthly/quarterly basis to ensure accuracy.

• Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis. Preparing or reviewing monthly performance reports for investment management and clients using valuations from underlying investments, cash balances, and derivatives valuations.

• Reviewing daily cash reconciliations performed with multiple custodian banks and ensuring outstanding items are resolved on a timely basis.

• Tracking email correspondence within the AIS Team's group mailbox and escalating time sensitive correspondence to the appropriate internal parties. Providing regular daily support and responding to numerous ad hoc requests from investment management, investors, and other internal and external stakeholders.

• Providing support for the AIS Team's product, regulatory, and other audits; assisting with preparation of materials for periodic board of director meetings; assisting with review of offering documents for new products and supporting other areas of product development, as needed.

• Working effectively with third party service providers and internal parties to ensure a high level of service for the AIS Team's products; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the AIS Team.

• Performing other related functions or responsibilities as needed or assigned.

Qualifications

• Bachelors degree, or equivalent, in Accounting, Finance, or related business field is preferred

• A minimum of three to five years of investment accounting experience

• Prior experience in alternative investment operations is preferred but not required; knowledge of hedge fund or private equity fund accounting, or experience with Investran, is a plus.

• Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner

• Detail-oriented and highly motivated

• Ability to work effectively with minimal supervision

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Temporary

Job function

• Job function

  Analyst and Accounting/Auditing

• Industries

  Banking, Investment Management, and Financial Services

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Medical insurance

Vision insurance

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