Investment Accounting Job Description

Investment Accounting Job Description

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Investment accounting provides written interpretations of US GAAP, IFRS and UK GAAP issues including development and maintenance of a suite of policy documents.

Investment Accounting Duties & Responsibilities

To write an effective investment accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included investment accounting job description templates that you can modify and use.

Sample responsibilities for this position include:

Maintain client books and records including production of realized and unrealized gain and loss reporting other insurance company specific reporting requests
Interface with client in maintaining books and records including production of realized and unrealized gain and loss reporting other insurance company specific reporting requests
Lead and manage a global team of ~20 members (2 direct reports)
Lead and motivate team towards identifying opportunities for process enhancements and other strategic operational enhancements that facilitates operational processes or mitigates ops risk
Perform control and risk oversight for all functions performed within team
Work in partnership with the wider Global Asset Reconciliation team and Portfolio Services agenda and contribute to the macro considerations such as BCM, procedural alignment
Build strong working relationships with internal partners including Investment Accounting, Accounting Support, Corporate Actions, Data Integrity, Technology, Pricing, Derivative Operations
Develop strong working relationships with external partners including clients, external investment managers and custodians
Oversight of the investment accounting process and processing on Eagle Star and the related components
Maintain a strong control process including associated metrics

Investment Accounting Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Investment Accounting

List any licenses or certifications required by the position: CPA, CAIA, CFA, BA, CBAP, CCBA

Education for Investment Accounting

Typically a job would require a certain level of education.

Employers hiring for the investment accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business/Administration, Business, Economics, Education, Financial Services, MBA, Computer Science, Management

Skills for Investment Accounting

Desired skills for investment accounting include:

Excel
GAAP and reporting standards
Income payments
Maintenance transactions
Equity derivatives and Credit derivatives
US GAAP / IFRS
Microsoft office products
CAMRA
US GAAP
US GAAP and IFRS

Desired experience for investment accounting includes:

Partner with system users, Technology partners and vendor on workslate management including prioritization, testing, and release management
Manage through issues that arise urgently and be able to identify and quickly escalate based on the impact to the firm, clients and other internal groups
Manage a team of 1-4 including work assignment and the general performance management process
Coordinate the processing of Derivative FAS 133 Adjustments related to hedging strategies in place for the organization's International entities to ensure the appropriate entries are recorded in their ledgers and reflected in their quarterly financial results
Coordinate the preparation of month-end and quarter-end investment analytics including balance sheet and income statement line items
Coordinate the preparation of quarter-end Fed Reporting entries and reporting submissions for the organization in scope legal entities

Investment Accounting Examples

1

Investment Accounting Job Description

Job Description Example
Our innovative and growing company is hiring for an investment accounting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for investment accounting
  • Review of monthly and annual close process of both client accounts/funds close management company books on monthly, quarterly and annual basis
  • Supports new fund or venture entities, asset acquisitions, and other activity
  • Reviews and approves costs charged to companies/investments
  • Reconcile daily cash position, analyze daily income and compile monthly financial information for reporting working with domestic funds of low to moderate complexity/volume
  • Timely report to clients in the Realty Management Division in line with their instructions
  • Manage high-profile technology projects, such as the upgrade of J.D
  • Represent the team in projects and working groups
  • Perform the daily accounting and balancing for multiple public, life and (or) collective funds
  • Analytical review and problem solving for the fund
  • Prepare and review monthly reports for assigned funds
Qualifications for investment accounting
  • Demonstration of applying strategic & tactical delivery in previous role(s) which would have enhanced the risk management and control oversight of team(s) managed
  • Ability to work in a team environment and build strong relationships with colleagues and both internal and external contacts such as clients, external investment managers, counterparties & third-party providers
  • 5+ yrs Portfolio Accounting experience
  • Bachelor's degree in Accounting/Finance required, Master's degree or CFA designation preferred
  • Minimum 8-10 years of experience in investment accounting, preferably some 40 act and hedge fund accounting experience
  • Minimum 5 years in a leadership role managing a team
2

Investment Accounting Job Description

Job Description Example
Our company is hiring for an investment accounting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for investment accounting
  • Remain current on SEC, OSC regulations International and US Accounting Standards and communicate any changes to various impacted business units
  • Provide guidance to the business unit process owners
  • Review/monitor existing hedging strategies to ensure compliance with all relevant accounting standards
  • Advise on the implementation of new hedging strategies to ensure compliance with all relevant accounting standards
  • Liaise with global accounting policy, accounting advisory group in Corporate Controllers on financial accounting and reporting matters external auditors
  • Preparation of custom client reports and regulatory reporting review
  • Supports an effective function for his/her assigned area(s) of responsibility by identifying basic risks
  • To meet client KPI’s and service delivery commitments
  • Day to day production contact with all Asset Owner clients and internal BP2S operational teams
  • To assist with the planning and oversight of the day to day client service delivery in accordance with agreed service level agreements, stated key performance indicators and regulatory requirements
Qualifications for investment accounting
  • Candidates should possess a minimum of 10 years of financial services experience and have a good understanding of Financial Markets, preferably within the Investment Management, Fund Accounting or Global Custody environment
  • Candidate must have enthusiasm for, and comfort with, working at a fast pace while maintaining quality and the integrity of investment positions
  • Solid understanding of securities including asset classes, terms and definitions
  • Strong knowledge of derivative accounting and regulatory reporting
  • Strong experience in managing, tracking, reporting and resolving Investment Accounting issues
  • Exceptional organizational skills with proven ability to handle multiple assignments simultaneously
3

Investment Accounting Job Description

Job Description Example
Our company is looking for an investment accounting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for investment accounting
  • Daily Net Asset Value calculation
  • Review/oversight of monthly reconciliation of Investment Manager to Hiport in line with agreed tolerance levels
  • To take ownership for review and sign-off across team deliverables
  • Manage any ad-hoc projects as agreed with your Manager
  • Assist Manager where required to ensure client and internal change is implemented with no detrimental impact to client service delivery
  • Support the continuous assessment of team processes and controls to improve efficiency, controls and reduce risk where necessary
  • Support Manager to ensure all activities are documented within procedures
  • Provide regular feedback on team members to support training and development
  • Be a subject matter expert for your team and processes
  • Ensure a high level of client service is delivered at all times
Qualifications for investment accounting
  • Must be highly motivated, detail & process oriented and must be able to work with minimal supervision
  • Must be able to work under tight deadlines and able to make decisions independently
  • Strong knowledge of both GAAP and Statutory Accounting for derivatives and investment securities
  • Experience with general ledger systems, end of month close process, back office processing, cash reconciliations, wire transfers/receipts, journal entries and associated reconciliation processes
  • Knowledge of Sarbanes-Oxley Act, including proper documentation of internal controls
  • Strong knowledge of derivative products to include swaps, forwards, futures and options
4

Investment Accounting Job Description

Job Description Example
Our growing company is looking for an investment accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for investment accounting
  • Timely escalation of any potential issues to Manager
  • Corrective/Preventative actions implemented if deadlines/quality standards are at risk
  • Actively embed a culture of end to end knowledge and product understanding from custody, through middle office processing and NAV review to Client Reporting and feeds to IRP
  • Daily oversight of client and operational team BAU queries
  • Loads the variable annuity mutual fund transaction file each day and reconciles account statements each month
  • Coordinate with financial reporting responsible for statutory financial statements
  • Participates in the preparation of information, analysis and basic reporting schedules that support the external filings and internal reporting of the RE/LP team
  • Prepare required accounting journal entries to support the monthly and quarterly close
  • Prepare account reconciliations to the General Ledger activity
  • Contribute to a positive team culture and motivate other team members to achieve optimal team performance
Qualifications for investment accounting
  • Zero to three years of relevant accounting related experience
  • Researches and analyzes various accounting disclosure requirements for new
  • Experience of working with private equity and knowledge of hedge funds required
  • Must know reporting skills and experience
  • Experience of reviewing financial statements required
  • Previous experience of working in audit engagements required
5

Investment Accounting Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of investment accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for investment accounting
  • Performs daily NAV impact reviews associated with outsourced funds and ensure any activities impacting the NAV is researched and accurately recorded in the NAV
  • Act as a main contact for the administrator as it relates to the day to day operational issues associated with outsourced funds, act as a Subject Matter Expert for all tasks within the team
  • Ensure all daily tasks are completed timely, accurately, and that the team meets all established deadlines
  • Review and ensure that all checklists, procedures and documentation relevant to the oversight team activities are up-to-date, and that proper data retention practices are in place
  • Review monthly service report for management provided by the external administrators
  • Work with Administrators related to Cross Border Tax, and review exposure/accruals
  • Participate in annual due diligence meetings with administrators
  • Provide input on board reporting materials
  • Supervise a global team, including hiring, training, setting expectations, performance monitoring, and development of staff
  • Manage the Intercompany loan process, ensuring proper documentation and accounting for all activity
Qualifications for investment accounting
  • Must have the ability to handle multiple tasks simultaneously and work under tight deadlines
  • Must be highly motivated, reliable and accountable
  • Ability to work with a range of senior managers, peers and junior colleagues and build smooth working relationships required
  • 0-2 years of professional accounting or reporting experience, Investment industry experience is a plus
  • CPA/CPA Candidate preferred
  • Strong communication skills, both written and verbal with all levels of an organization

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