Senior Accountant

Ameriprise Financial Services, LLC; Minneapolis (MN); On-site; USD 71,000 - 98,000; Full time

Job summary

Ameriprise Financial Services, LLC is seeking a Senior Accountant to manage accounting and reconciliation of investment and derivative transactions within the PAM system in GAAP and statutory contexts.

The role partners with the business to implement accounting practices, prepares 10Q/10K reporting, and improves processes to enhance control and reduce risk. In-office collaboration is expected with some flexibility.

Qualifications

• Bachelor’s degree or equivalent (4 years).
• 3+ years of accounting experience.
• General ledger and spreadsheet experience.
• Strong analytical and problem-solving skills.

Responsibilities

• Perform investment and derivative accounting processes for a variety of transactions within PAM accounting system in accordance with GAAP, statutory, internal and external policies, procedures and authorizations.
• Prepare journal entries; review, analyze and resolve moderately sophisticated issues in accounting transactions.
• Report preparation for inclusion in 10Q & 10K, statutory/regulatory filings, and compliance for distribution to internal business partners.
• Perform reconciliations including the research and clearing of outstanding variances.
• Improve processes to ensure that integrity, control and optimal efficiency are established while minimizing financial risks. Participate in various process improvement initiatives and other projects that support the department goals.
• Participate in various process improvement initiatives and other projects that support the department goals.

Skills

Analytical skills

Education

Bachelor's degree or equivalent

Degree in Accounting or Finance

Tools

Advanced Excel

Access

Workday GL

Job description

About Our Company

We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

Ameriprise Financial has an exciting opportunity for a Senior Accountant! This position would be responsible for accounting and reconciliation of investment and derivative portfolio transactions within PAM investment accounting system. This includes the reconciliation, analysis of data and problem resolution for investment and derivative transactions. Has primary responsibility for preparing various reports based on GAAP, statutory and management basis. Partners with business to develop and implement accounting practices.

Key Responsibilities

• Perform investment and derivative accounting processes for a variety of transactions within PAM accounting system in accordance with GAAP, statutory, internal and external policies, procedures and authorizations.
• Prepare journal entries; review, analyze and resolve moderately sophisticated issues in accounting transactions.
• Report preparation for inclusion in 10Q & 10K, statutory/regulatory filings, and compliance for distribution to internal business partners.
• Perform reconciliations including the research and clearing of outstanding variances.
• Improve processes to ensure that integrity, control and optimal efficiency are established while minimizing financial risks. Participate in various process improvement initiatives and other projects that support the department goals.
• Participate in various process improvement initiatives and other projects that support the department goals.

Required Qualifications

• Bachelor’s degree or equivalent (4 years)
• 3+ years of accounting experience
• General ledger and spreadsheet experience
• Strong analytical and problem-solving skills

Preferred Qualifications

• Degree in Accounting or Finance
• Proven understanding of investment and derivative instruments
• Strong technical skills including advanced Excel and some Access database knowledge
• Strong understanding of the end-to-end process flows, systems, controls and impacts across products and business lines they support
• Experience with Workday general ledger accounting system
• Publicly traded company experience
• Certified Public Accountant

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Base Pay Salary

The estimated base salary for this role is $71,300 - $98,100 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Finance

Line of Business

FIN Finance

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.