Senior Associate, Accounting Job Description

Senior Associate, Accounting Job Description

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Senior associate, accounting provides technical guidance and expertise related to the interpretation and the application of accounting (US GAAP) standards and pronouncements and reporting (SEC) rules and regulations.

Senior Associate, Accounting Duties & Responsibilities

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

Sample responsibilities for this position include:

Calculation of daily NAV
Review MSPA to custodian reconciliations
Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client’s contributions & redemptions
Review general ledger exceptions
Adjust activity as necessary for performance (MSPM) processing and reporting
Perform daily and monthly securities pricing analysis
Validate and process corporate action data
Assistance with compliance functions
Maintain files for leases, marketing agreements, management agreements, and certificates of insurance
Document the company's recommended implementation position

Senior Associate, Accounting Qualifications

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

Licensing or Certifications for Senior Associate, Accounting

List any licenses or certifications required by the position: CPA

Education for Senior Associate, Accounting

Typically a job would require a certain level of education.

Employers hiring for the senior associate, accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Economics, MBA, Education, Business/Administration, Mathematics, Associates, Accountancy

Skills for Senior Associate, Accounting

Desired skills for senior associate, accounting include:

U.S. GAAP and IFRS
U.S. GAAP
FASB pronouncements
SEC regulations
Technical accounting literature
Power BI
4.0
AJAX
ASPOSE API
C#

Desired experience for senior associate, accounting includes:

Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals
Process non-automated transactions including OTC derivatives and their related cash movements
Providing audit support and assistance to funds in the preparation on financial statements
Validating the NAV and the Profit & Loss of the hedge fund clients on a daily basis
Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books of the client
Reviewing pricing of the portfolio and analyzing the pricing exceptions if any

Senior Associate, Accounting Examples

1

Senior Associate, Accounting Job Description

Job Description Example
Our innovative and growing company is looking for a senior associate, accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior associate, accounting
  • Perform reconciliations and assist in expanding functionality
  • Spearhead Oracle Receivables, Procurement and Projects IT project and assist with implementation
  • Maintain and close Fixed Asset sub-ledger
  • Perform all related statutory reporting
  • Prepare ad hoc Financial Reporting for Head office upon request
  • Assisting with General Ledger maintenance
  • Assisting with filing of quarterly reports
  • Assisting with Month-end closing process
  • Monitoring and maintaining revenue / expense sharing agreements and associated journal entries
  • Spearheading accounting process automation projects and assisting with the implementation
Qualifications for senior associate, accounting
  • Review MSPA to custodian/client reconciliations
  • Sending Daily Report to the client, which contains details of Fund’s Performance & issues where client guidance is required, to enable us record correctly in the books of accounts
  • Interaction with the Client facing Account Manager in regards to the clients daily report and resolving open issues if any
  • Checking that all OTC products traded by the client have been booked correctly (Interest rate swaps, Credit default swaps, Currency options, Commodity futures etc)
  • Booking of Capital Activities of the fund
  • Finalizing the month end NAV of the client and providing Investor Level Allocations at month-end
2

Senior Associate, Accounting Job Description

Job Description Example
Our growing company is looking to fill the role of senior associate, 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 senior associate, accounting
  • Performing all related statutory reporting
  • Assisting with intercompany balancing, reconciliation and invoicing
  • Review CMS/RBC schedules prior to distribution to Actuaries
  • Perform consolidated statutory capital gains pre-tax and post reconciliations
  • Prepare investment transaction reports for the insurance companies which are reviewed and approved by the Investment Committee
  • Prepare or review the AVR reconciliation for the insurance companies
  • Prepare quarterly management reporting schedules and analysis
  • Assist in the preparation and coordination of Statutory Annual Statement (Blue Book) notes
  • Assist in preparing and reviewing investment asset information for various rating agency surveys and inquiries
  • Assist in preparing and reviewing additional surveys
Qualifications for senior associate, accounting
  • Deal with Ad-Hoc queries from stakeholders and preparation of MIS
  • Assist with various upcoming projects
  • Associates degree or higher in accounting, finance or other business-related field or a minimum of 5-7 years of experience as a full charge bookkeeper
  • Previous experience with Corporate Accounting, Month-end Close, and Reconciliations
  • Some real estate experience, preferred
  • 3-8 years of Big 4, next tier or investment accountant with reconciliations
3

Senior Associate, Accounting Job Description

Job Description Example
Our growing company is looking for a senior associate, 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 senior associate, accounting
  • Provide knowledge answers to questions submitted to a general mailbox related to accounts payable (AP) procedures, payment inquiries, use of third party vendor
  • Help internal customers navigate in Oracle as it pertains to invoice approval and general navigation related to AP
  • Work with vendors to resolve aging balances
  • Review statements submitted by vendors
  • Review, obtain, and prep wire backup for AP processors
  • Participate in the review of various AP processes/procedures and make recommendations for continuous improvement
  • Prepare information/entries and supporting documentation with increasing complexity
  • Determine appropriate action to resolve exceptions between internal and external systems
  • Prepare, review, and reconcile financial reports, client statements, and ad hoc requests
  • Act as a technical resource to new associates and identify process improvements
Qualifications for senior associate, accounting
  • A high school diploma is required for this role
  • Two-year experience in customer service
  • Proficient in the use of basic office equipment and applications
  • Knowledge of state and IRS payroll laws is preferred but not required
  • Prior PeopleSoft and/or real estate experience is a plus
  • Demonstrated understanding of key accounts payable processes, procedures, and systems and how these impact both financial results and internal customers
4

Senior Associate, Accounting Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of senior associate, accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior associate, accounting
  • Serve as liaison between internal and external clients (i.e., accountants, consultants, auditors, custodian banks)
  • Communicate with Spanish speaking internal customers using email, Instant Messaging, and telephone
  • Assist with the preparation of ETR computations for the annual plan and strategic plans
  • Prepare all provision to return templates and adjustments for non-US subsidiaries prior to filing returns
  • Prepare documentation related to SOX 404 controls including updates to controls and monitoring compliance on a quarterly basis with controls
  • Preparing schedules for the stress testing process and performing the associated analytical procedures
  • Coordinating with lines of business submitting information to ensure accurate data and timely implementation of new requirements
  • Supporting the automation work related to the stress testing process through detailed testing
  • Establishing and maintaining reconciliation processes to ensure completeness of data submitted
  • Working closely with business, accounting and information technology colleagues across lines of business as issues emerge and reporting timely status to management and other stakeholders
Qualifications for senior associate, accounting
  • Strong attention to detail and ability to accurately complete financial transactions meeting tight deadlines
  • Strong systems skills including ERP systems and Excel
  • Working knowledge of Accounting processes including recoding of Journal Entries and month-end close processes
  • Demonstrated personal integrity and ability to handle highly sensitive data
  • Highly motivated self starter with the ability to prioritize and multi-task, with frequent interruptions
  • Ability to work well independently with minimal supervision and as part of a team
5

Senior Associate, Accounting Job Description

Job Description Example
Our growing company is hiring for a senior associate, 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 senior associate, accounting
  • Provide accounting and reporting of NY Life’s Investment portfolio (fixed income and equities) for the general and separate account
  • Reviews financial reporting for internal (Controller, CFO, Businesses and Board of Directors) and external (Regulatory) clients
  • Manages and reviews valuation materials and assists in the monitoring and control of valuation procedures
  • Implement and maintain Investment Accounting Policy in accordance with Statutory standards/regulations
  • Provide Statutory and GAAP accounting and reporting of the Limited Partnership and Other Invested Asset portfolio for the general and separate accounts of NYL and NYLIAC
  • Reviews monthly, quarterly, and annual Balance Sheet and Income Statement reconciliations between the general ledger and the investment system for all Limited Partnerships and Other Invested Assets
  • Ensuring the Bank's compliance with standards established by authoritative accounting standards setters in the US and will stay abreast of the standard setting developments in the international arena
  • Monitoring the standards setting processes of the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA) and the International Accounting Standards Board (IASB) to evaluate the Bank's level of compliance with these standards
  • Interpreting new or existing accounting rules, standards and policies
  • Contributing to the coordination and development/enhancement of the Bank's accounting policies and procedures resulting from new pronouncements issued by authoritative accounting standards setters new products and initiatives of the Bank
Qualifications for senior associate, accounting
  • An advanced knowledge of Excel formulas and functions
  • 2+ years of external reporting experience
  • Self-driven and able to work with minimal supervision
  • Communicates effectively with users/customers & colleagues 2-3 levels up/down and across a range of disciplines, and all levels of management
  • Ability to use data analysis to develop insights and hypothesis vs
  • Capable of multi-tasking across projects of varying scope and complexity

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