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Financial Reporting Assistant Manager
INVESCO Asset Management
Houston, TX, United States
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Description
Invesco is a leading global asset management firm with more than $937B* in assets under management. We provide our retail and institutional clients a diverse and comprehensive range of investment capabilities to help people get more out of life. Invesco is publicly traded on the New York Stock Exchange (IVZ) and has about 7,000 employees in over 20 countries.
(*As of December 31, 2017)
Job Purpose (Job Summary):
Responsible for providing leadership, direction and supervision in the daily activities of the Fund Financial Reporting Group in Fund Administration as it provides expertise in the preparation of financial reporting data related to the Invesco family of funds. This includes overseeing the application of accounting and financial principles, theories and concepts as it relates to the preparation of quarterly, semi-annual and annual reports, financial reporting disclosure requirements, SEC and other regulatory filings or ad-hoc requests for all Invesco products.
Key Responsibilities / Duties:
• According to established procedures, oversees, reviews and assists in the preparation of mutual fund annual, semi-annual and quarterly shareholder reports in accordance with GAAP, regulatory and Invesco policies.
• Performs oversight role for certain outsourced products, such as, Invesco Mutual Funds, Invesco Trust Company Collective Trust Funds, Invesco ETF’s and Institutional products that are administered by an outside service provider.
• This includes running the audits and acting as liaison between the outside audit firm and the service provider as well as overseeing the financial reporting process.
• Trains financial reporting staff in financial reporting for the mutual fund area. This includes aiding employees in understanding/implementing new procedures and new issues affecting the financial reporting group.
• Leads annual audit process with the outside audit firm. This includes conducting kick-off meetings with key departments, being point person for issues/comments that come up during the audit.
• As well as preparing calendars for reporting cycle to ensure audits stay on track to meet regulatory reporting deadlines.
• Maintains up-to-data technical knowledge of existing and new accounting pronouncements and SEC guidelines for the mutual fund industry.
• Researches and implements appropriate disclosures and procedures to ensure compliance.
• Assists Managers in developing, researching, updating, and maintaining internal controls including preparation of written policies and procedures. Makes recommendations for improvements to procedures and processes.
• Manages the financial reporting system used in the preparation of shareholder reports to ensure data integrity, operating efficiencies, timeliness of data imports and accuracy.
• This includes maintaining the system for adherence to changes in industry regulations, disclosure requirements and new fund products.
• A thorough understanding of the system is required in order to determine necessary changes as well as to understand the implications of changes being made.
• Assists in preparation of financial information for annual N1-A filings. This includes maintaining an understanding of the SEC requirements for N1-A filings.
• This also includes review of fee tables, expense examples, expense hypotheticals and financial highlights in the filing.
• In addition, oversees the dissemination of financial data by the financial reporting staff for use in the appendices in the Statement of Additional Information Section of the filing.
• Supervises the workload among financial reporting staff to see that responsibilities are completed in a timely and accurate manner.
• Supervises financial reporting staff in the preparation of Proforma financial statements or ad-hoc reporting, as required.
• Interviews, hires, orients, trains, motivates, evaluates, disciplines and when necessary, discharges subordinate personnel.
• Coordinates and implements special projects for Financial Reporting as assigned.
Qualifications
Work Experience / Knowledge:
• A minimum of five years of accounting experience, two of which are preferably in a supervisory role.
• Mutual Fund experience and/or financial reporting experience is preferred.
Skills / Other Personal Attributes Required:
• Interpersonal skills necessary to interact effectively with a variety of individuals including subordinate personnel are required.
• Must have an advanced understanding of accounting and financial principles and be able to apply these principles to accounting for mutual funds.
• Must also demonstrate a strong working knowledge of multiple class accounting, foreign currency translations, futures and options contracts, forward foreign currency contracts, complex securities and corporate actions.
• Must have strong analytical skills to solve complex accounting issues, be proficient in reviewing detailed financial data and show initiative in problem solving and follow up.
• Must have the ability to manage multiple projects, delegate work, and prioritize work, to meet deadlines.
• Must be proficient in the use of computer equipment and software, specifically spreadsheet applications and mutual fund accounting systems.
• The ability to cooperate in a team environment is critical.
Formal Education:
(minimum requirement to perform job duties)
• A Bachelor’s degree is required. A Bachelor’s degree in Accounting is preferred.
License/Registration/Certification:(minimum requirement to perform job duties)
• Designation as a Certified Public Accountant is preferred.
Working Conditions:
• Normal office environment with little exposure to noise, dust and temperatures.
• The ability to lift, carry or otherwise move objects of up to 10 pounds is also necessary.
• Normally works a regular schedule of hours, however hours may vary depending upon the project or assignment.
• Hours may include evenings and/or weekends and may include 24 hour a day on call support by pager and/or cell phone.
FLSA (US Only):Exempt
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.