Senior Manager, ETF Fund Accounting

UMB Financial Corporation; Milwaukee (WI); On-site; USD 141,000 - 208,000; Full time

Benefits offered by this job

Paid Time Off

401(k) matching

Annual incentive pay

Health, dental, vision insurance

Tuition reimbursement

Wellbeing program

Job summary

UMB Financial Corporation in Milwaukee is seeking a Senior Manager, ETF Fund Accounting to lead a fund accounting team delivering daily NAV, pricing, reviews, and reconciliations for ETF clients. You will supervise managers and coordinate with advisors, traders, custodians, and auditors to ensure accuracy and timely reporting.

The role emphasizes training, performance management, and process improvements, with a focus on compliance with SEC, IRS, and GAAP standards.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• At least 10 years in funding accounting or related experience.
• Minimum 3 years of supervisor or management experience in fund accounting.

Responsibilities

• Manage a team of fund accounting managers.
• Provide technical, industry and client-specific training.
• Oversee manager performance, salary actions and appraisals.
• Develop objectives and development plans for managers and their teams.
• Coordinate with HR on disciplinary actions when needed.
• Serve as escalation point for team issues.
• Ensure smooth client launches and fund setup and reporting.
• Support audit requests and improve accounting system functionality.
• Maintain relationships with advisors, traders, custodians, auditors.

Skills

Fund accounting

Team leadership

Client interaction

Performance appraisals

Training & development

Education

Bachelor's degree in Accounting, Finance, Investment Banking, Economics, International Business

Tools

Accounting system

Job description

The UMB Registered Fund team, which manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients. As a Senior Manager, ETF Fund Accounting, you will oversee the daily, weekly, and monthly activities of a fund accounting team consisting of individuals varying in skill levels from Manger to entry level Fund Accountants. Interacts with clients and ensures team delivers daily NAV accounting, pricing, review, and reconciliation functions for ETF Fund clients.

How you'll spend your time:

• Manage a teams of fund accounting managers
• Ensures team receives technical, industry and client specific training and acts as a resource for the team
• Manages manager 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 for managers. Works with Managers to do same for their teams.
• Collaborate with Human Resources on any disciplinary action needed
• Act as escalation point for any issues the team is experiencing
• Assess current policies and procedures
• Escalation and strategic 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.
• Support Managers to ensure audit requests for various auditors, both internal and external requests are complete and timely.
• Work with Head of fund Accounting to improve system functionality and prioritize enhancements needed for efficiency
• 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
• Identify and propose solutions for daily accounting and pricing issues
• Partner with various internal/external parties to ensure compliance with SEC, IRS, and GAAP reporting regulations.
• Review management exception reports – elevate and facilitate any necessary changes to the system
• Other duties as assigned.

We're excited to talk to you if:

• Bachelor's degree in Accounting, Finance, Investment Banking, Economics, International Business. or any combination of education experience that would provide an equivalent background
• Ten (10) years Funding accounting or related experience
• Three (3) years Supervisor or Management experience, preferably in Fund Accounting

Compensation:

Compensation Range: $141,354 - $207,900 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:

• 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
• and various associate banking benefits

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.

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.

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 Check out the road to a career at UMB