Investment Accountant

Fairygodboss; Wilmington (DE); On-site; USD 85,000 - 125,000; Full time

Job summary

ADP is seeking an Investment Accountant to manage back-office investment and accounting support for client and corporate funds. Responsibilities include posting daily positions, settling trades, and supporting month-end close with investment rollforwards and reconciliations.

The role requires 3–5 years in an Investment Accounting environment; a Bachelor’s degree in Accounting/Finance and CPA considerations are preferred, with proficiency in Excel and MS Office.

Qualifications

• Bachelor’s degree in Accounting or Finance (or equivalent).
• CPA or CPA candidate preferred for added comfort.

Responsibilities

• Prepare daily investment/borrowing positions for multiple portfolios (~$40B).
• Execute daily trade settlements with custody bank; resolve differences with brokers.

Education

Bachelor’s degree in Accounting/Finance

CPA candidate or CPA

Tools

Portia investment accounting system

Bloomberg

Dynamics General Ledger

Hyperion Financial Management

Job description

ADP is hiring an Investment Accountant.

Are you an experienced accountant, highly skilled in investments and securities? Are you looking to join a dynamic, inclusive team environment with a culture of collaboration and belonging?

As Investment Accountant, you will play an important role in managing ADP client and corporate funds. You will provide back‑office investment and accounting support including creating morning investment and borrowing positions for portfolio managers; daily trade settlements with custodian banks, preparation of wire transfers; accounts payable; performing monthly accounting entries, and assisting in the month‑end close process, including preparing investment rollforwards, and other month‑end reconciliations.

What you’ll do:

• Prepare daily investment or borrowing position, as well as daily positions for U.S., Canadian, and U.K. portfolios (on a rotational basis) averaging about $40B, which require accurate and timely presentation to portfolio managers and Corporate Treasury department each morning. Cash positions include beginning cash balance, cash transfers, maturities, coupon payments, corporate actions, sales, purchases, paydowns of mortgage‑and‑asset‑backed securities and other miscellaneous items. Communicate with various groups throughout the day and provide updates to key stakeholders regarding changes to cash transfers from our client funds activity.
• Daily trade settlements with custodian bank – ensure that trades entered into the investment system are fed into the custodian bank system and monitor settlement process throughout the day. Investigate and resolve trade differences as they arise by communicating with brokers and custodian bank.
• Initiate wire transfers utilizing the bank online portals and approve and release repetitive wire transfer payments.
• Assist with month‑end close process including preparation of certain monthly journal entries, investment rollforwards, checking account reconciliations and expense analysis.
• Assist with cash reconciliations, including investigating and resolving coupon payment and other differences.
• Accounts Payable – input invoices into the accounts payable system on a periodic basis and create a list of checks to be paid on a weekly basis. Monitor the expense trend and ensure adequate liquidity to fund the disbursements.
• Prepare custody reconciliations on a monthly basis and research and resolve any discrepancies.
• Coordinate investment account opening application with ADP legal and investment counterparties.
• Maintain files of board minutes and other broker/legal documentation.
• Assist with preparation of annual tax package.
• Assist with providing information for internal and external auditors.
• Assist with office administration duties as needed.
• Act as back‑up in the duties of other associates, in the event of absence of other team members.
• Assist with preparation (serve as back‑up) of weekly investment dashboard for ADP senior executives.
• Update share repurchase database.

Experience.

• 3‑5 years of experience in relevant skills gained and developed in an Investment Account or similar role. Experience at a Big 4 accounting firm will provide extra comfortability.

TO SUCCEED IN THIS ROLE:

• You will have a Bachelor’s degree in Accounting, Finance, or equivalent. Licensed CPA or working towards license will allow additional comfortability in the role.
• Experience with investment accounting systems. Knowledge of the Portia investment accounting system, Bloomberg, Dynamics general ledger, and Hyperion Financial Management systems is desired.
• Strong internal controls mindset (ability to identify and close control gaps and/or issues).
• Outstanding organizational and time management skills. Must work well under pressure.
• Ability to adapt to a rapidly changing environment is essential.
• High degree of professionalism and accountability.
• Proven ability to prioritize multiple projects and responsibilities.
• Outstanding proficiency in Microsoft Excel, PowerPoint, and other MS applications.
• Exceptional attention to detail and strong analytical/problem resolution skills.
• Self‑motivated.
• Strong communication skills.

YOU'LL LOVE WORKING HERE BECAUSE YOU CAN:

• Have courageous team collaboration.
• Be surrounded by curious learners.
• Act like an owner & doer.
• Give back to others.
• Join a company committed to equality and equity.

Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP is committed to an inclusive, diverse and equitable workplace, and is further committed to providing equal employment opportunities regardless of any protected characteristic including: race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, protected veteran status or disability. Hiring decisions are based upon ADP's operating needs, and applicant merit including, but not limited to, qualifications, experience, ability, availability, cooperation, and job performance.

Ethics at ADP: ADP has a long, proud history of conducting business with the highest ethical standards and full compliance with all applicable laws. We also expect our people to uphold our values with the highest level of integrity and behave in a manner that fosters an honest and respectful workplace. Click https://jobs.adp.com/life-at-adp/ to learn more about ADP's culture and our full set of values.