Investment Accountant

The Quest Organization; New York (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

The Quest Organization in New York, NY seeks an Investment Accountant to join its Finance team and support the accounting and administration of a significant investment portfolio. The role includes transaction processing, reconciliations, cash flow analysis, and tax-related accounting.

Responsibilities span financial reporting, audit support, and maintaining accounting controls, requiring strong Excel and investment accounting system skills.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 2+ years experience in investment accounting.
• Strong understanding of securities and alternative investments accounting.
• Experience with master custodial banks.
• Proficient in Excel and Microsoft Office.

Responsibilities

• Process and record investment transactions including trade settlements and distributions.
• Perform cash and investment position reconciliations and accruals.
• Prepare tax workpapers and related journal entries.
• Review investment management fees and related costs.
• Support audit activity and external auditors on investment accounting matters.
• Maintain investment accounting policies, procedures, and controls.
• Collaborate with Investment team and custodians to resolve issues.
• Assist with cash flow forecasting and liquidity analysis.

Skills

Excel

MS Office

Attention to detail

Time management

Communication

Analytical skills

Education

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

Tools

Investment accounting software

Enterprise accounting software

Microsoft Office

Job description

A leading philanthropic organization is seeking an Investment Accountant to join its Finance team and support the accounting and administration of a significant investment portfolio/endowment. This role will be responsible for investment transaction processing, reconciliations, cash flow analysis, tax-related accounting, financial reporting, and audit support.

Responsibilities

Investment Accounting & Administration

• Process and accurately record investment transactions, including trade settlements, securities movements, capital calls, distributions, and other investment activity.
• Perform cash and investment position reconciliations, accruals, and other accounting activities.
• Prepare and record accounting and tax journal entries.
• Review and process monthly and quarterly investment management fees.
• Perform shadow accounting and other investment accounting functions as needed.
• Maintain and enhance investment accounting policies, procedures, and financial controls.
• Monitor developments in investment products, accounting standards, technology, and reporting requirements.
• Partner closely with the Investment team and external investment professionals to resolve accounting and operational matters.
• Serve as a primary point of contact with the organization’s master custodian bank and coordinate the resolution of investment administration issues.
• Assist with cash flow forecasting and liquidity analysis to ensure sufficient funds are available for operational, grant making, and strategic needs.

Tax & Audit

• Analyze investment-related K-1s and other tax documents.
• Prepare tax workpapers and assist with tax-related reporting.
• Prepare annual financial audit workpapers and coordinate with external auditors on investment accounting matters.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• 2+ years of investment accounting experience, preferably with an investment firm, family office, endowment, foundation, or similar organization.
• Strong understanding of accounting principles as they apply to securities and alternative investments.
• Experience working with master custodial banks preferred.
• Experience with investment accounting systems, enterprise accounting software, and Microsoft Office.
• Strong Excel skills and the ability to learn and adapt to new technology and systems.
• Excellent attention to detail and strong organizational and time-management skills.Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Strong written and verbal communication skills, with the ability to explain financial information to both technical and non-technical audiences.
• Ability to work collaboratively with internal and external stakeholders while also operating independently.
• High level of discretion and ability to maintain confidentiality of sensitive financial information.