Senior Manager Fund Accounting

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

Benefits offered by this job

401(k) matching program

Paid Time Off

Annual incentive pay

Health insurance

Job summary

UMB Financial Corporation in Milwaukee, WI seeks an experienced Fund Accounting leader to oversee a diverse team delivering NAV accounting, pricing, review, and reconciliation for multiple client mutual funds. You will manage staffing, performance, and development while ensuring compliance with SEC/GAAP requirements.

The role requires a strong background in funding accounting with supervisory experience; CPA is a plus.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• Ten+ years of funding accounting or related experience.
• Three+ years of supervisory/management experience.
• CPA preferred (not mandatory).

Responsibilities

• Oversee daily, weekly, and monthly fund accounting activities for a team.
• Ensure timely NAV accounting, pricing, review, and reconciliation for funds.
• Lead and develop fund accounting managers and teams.
• Provide training and resources for the team on industry standards.
• Manage staffing, salaries, performance records, and appraisals.
• Coordinate with HR on disciplinary actions as needed.
• Serve as escalation point for team issues and client contact.
• Manage client fund launches and set-ups with advisors.
• Support audit requests and interact with internal/external auditors.
• Improve system functionality and prioritize enhancements.
• Oversee testing of new accounting system releases.

Skills

Analytical skills

Excel skills

In-house software

Managerial skills

Client service

Multi-tasking

Communication

Education

Bachelor's degree in Accounting/Finance

CPA preferred

Tools

Microsoft Excel

Microsoft Office

In-house software

Job description

Duties & Responsibilities

• 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 funds for several client mutual funds.
• 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.

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
• Strong 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
• Experience managing in office, hybrid and fully remote associate team
• Proven ability to mentor and develop team members

Requirements

MINIMUM:

• 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
• 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.

Compensation

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

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
• Benefit offerings and eligibility requirements vary.

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.

Diversity & Inclusion

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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.

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