Manager Fund Accounting

UMB Financial Corporation; Milwaukee (WI); On-site; USD 118,000 - 173,000; Full time

Job summary

UMB Financial Corporation is seeking a Fund Accounting Manager to lead a multi-level team responsible for daily, weekly, and monthly fund accounting activities. You will oversee complex fund accounting, pricing, reconciliations, client interactions, and audits.

The role requires seven years in fund accounting, two years in a lead capacity, and a CPA is preferred. Strong leadership and communication skills are essential in a fast-paced environment with client service focus.

Qualifications

• Bachelor's degree in Accounting or Finance or equivalent.
• Seven years of funding accounting or related experience.
• Two years of lead experience, preferably in Fund Accounting.
• CPA certification preferred.

Responsibilities

• Supervise daily, weekly, and monthly activities of a fund accounting team (10–15 members).
• Perform accounting, pricing, review, and reconciliation for complex funds.
• Provide training and act as a resource for the team.
• Review work for accuracy and client deliverables.
• Manage staffing, performance records, and development plans.
• Coordinate training to ensure consistency across the department.
• Ensure compliance with SEC, IRS, and GAAP reporting requirements.
• Oversee audits and client communications.

Skills

Analytical skills

Organizational skills

Microsoft Office

Excel proficiency

Managerial experience

Teamwork

Client service

Communication

Multi-tasking

Initiative

Education

Bachelor's degree in Accounting or Finance

CPA preferred

Tools

In-house accounting software

Microsoft Office suite

Job description

Duties & Responsibilities

• Supervise the daily, weekly and monthly activities of a fund accounting and administration team consisting of individuals varying in skill levels from entry level to Lead level Fund Accountants.


• Perform accounting, pricing, review, and reconciliation functions for more complex funds for several client mutual funds.


• Manage a fund accounting team of 10-15 members with varying levels of experience.


• Provides technical, industry and client specific training and acts as a resource.


• Performs micro and macro level review of all work including final review for clients.


• Manages associate time, salary, and performance records; initiates change of assignments, salary increases, conducts performance appraisals and management activities, and recommends staffing changes.


• Develop and communicate performance objectives and individual development plans.


• Sources/hires associates on the team.


• Collaborate with Human Resources on any disciplinary action needed.


• Manage fund accountant workload and act as escalation point for any issues the team is experiencing.


• Coordinate training of Fund Accounting staff to ensure consistency.


• Assess training opportunities and develop training programs accordingly and present training materials to the department as needed.


• Assess current policies and procedures.


• Amend or add new policies and procedures as needed.


• Key contact for clients being serviced by the team.


• Manage client launches for Fund Accounting, including working with the advisor to establish the appropriate fund set-up, pricing policies, reporting needs, trade delivery methods, etc. to ensure a smooth transition.


• Manage audit requests for various auditors, both internal and external requests.


• Review advisor pricing policies as needed to ensure underlying policies do not violate procedures within the department.


• Review management level exception reports daily to ensure underlying accounting data is accurately reflected in the underlying funds.


• Review weekly custody exception reports to ensure timely resolution of outstanding items.


• Review weekly position recons and monthly binders for funds.


• Analyze corporate action announcements for potential action needed.


• Determine future enhancements needed for efficiency as well as limitations to the system and communicate those to the Head of Fund Accounting.


• Oversee testing for new releases to the accounting system and assist presenting the upgrade features to the Fund Accountants.


• Develop/maintain strong working relationship(s) with advisors, traders, trading assistants, portfolio managers, custodians and auditors.


• Oversee general ledger accounting functions.


• Identify and propose solutions for daily accounting and pricing issues.


• Reconcile key accounts and resolve all exceptions on a daily, weekly and monthly basis.


• Report information to: Custodians, brokers, shareholder servicing agents and accounting systems.


• Partner with various internal/external parties to ensure compliance with SEC, IRS, and GAAP reporting regulations.


• Other duties as assigned.

Knowledge & Skills

• MINIMUM: Excellent analytical and organizational skills with strong attention to detail.


• Advanced Microsoft Office skills and advanced Excel skills.


• Demonstrated aptitude and experience with in-house software.


• Demonstrated managerial and teamwork skills.


• Strong understanding of the industry and the changing environment while anticipating client needs.


• Good relationship development skills and an aptitude for client service.


• Exhibit initiative in a high performing culture and have a track record of meeting or beating deadlines.


• Demonstrates excellent work habits, attendance, and attitude.


• Required to communicate effectively with clients and/or coworkers using common telecommunication and computer equipment.


• Demonstrated ability to multi-task.


• Demonstrate initiative both independently and within a diverse team or with a diverse range of people.

Requirements

• MINIMUM: Bachelor's degree in Accounting or Finance. or any combination of education experience that would provide an equivalent background.


• Seven (7) years Funding accounting or related experience.


• 2 years of Lead experience, preferably in Fund Accounting.


• PREFERRED Certified Public Accountant.

Work Environment

Typical office environment. Occasional overnight travel may be required.

Supervision

Manages a team of Fund Accountants including oversight, hiring, selection and performance management.

Posting Information

This position was posted on 08/28/2026. The application deadline for this position is 45 days from the posting date unless filled earlier.

Compensation Range

$117,900 - $173,393

The posted compensation range on this listing represents UMB's good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.

Benefits

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


• various associate banking benefits

Benefit offerings and eligibility requirements vary.

Inclusion and Diversity

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.

We want you to do the right thing, no matter what. And, expect more opportunities.

Company Culture

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.

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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

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