Manager, Investment Accounting

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Job Responsibilities and Requirements The Manager, Investment Accounting is also responsible for the supervision and review of the month-end, quarter-end, and year-end close processes, including statutory and GAAP deliverables across all companies for which assets are managed. Responsibilities also include review of income, gains, and positions for an investment portfolio containing fixed income, equity, and alternative investment holdings. Serves as a key point of contact for financial reporting team, investment managers, external client stakeholders, and external / internal auditors. The Manager, Investment Accounting will also serve as a resident expert in respective GAAP and statutory guidance, providing assistance with appropriate disclosures and accounting treatment for various asset classes and investment strategies, and ensuring that new accounting pronouncements are understood and implemented correctly. The Manager, Investment Accounting is responsible for supervising, mentoring, and developing members of the Investment Accounting Team. The Manager, Investment Accounting clearly defines roles and responsibilities for each team member and ensures that he / she understands their roles in the larger organization and has a strong understanding of how the business operates, including legal entity structure, operations, and key management metrics. The Manager, Investment Accounting is responsible for owning project-based initiatives related to the real estate owned (REO) investment accounting results within the Investment Accounting Department. The Investment Accountant will identify and implement efficiencies within this process, assist with system implementation and help to develop best practices to support significant growth in this specific asset class. Reporting Owns general ledger entry recording process across various accounting bases for investment-related items, including the oversight of the preparation of supporting documentation, reconciliation of key items, and coordination of the general ledger coding and mapping for new accounts and asset classes. Reviews and approves investment accounting support provided for quarterly and annual financial reporting on a GAAP and statutory basis, including overseeing the development and production of supporting schedules and ensuring the completeness and accuracy of such support. Ensures accuracy of information included in financial reporting packages and management reporting deliverables for corporate parent and other clients in their respective proprietary formats. Coordinates responses to various requests from internal and external stakeholders for financial data. Manages direct reports by appropriately delegating work assignments, completing annual reviews and other reviews as necessary, and actively engaging in employee development and career planning. Directly coordinates with outsourced investment accounting provider on investment accounting manners and key departmental initiatives, ensuring appropriate prioritization of initiatives and completion of outstanding tasks. Analysis Leads the month-end close process with a focus on accuracy, efficiency, and continuous progress towards the goals and objectives set forth by management and the broader team. Analyzes and understands drivers behind investment income through independent analytics and variance analysis, including identifying and remediating issues in a timely manner, addressing any data and/or investment accounting policy inconsistencies by working across all stakeholders including third-party providers. Ensures accuracy and consistency of reporting packages for management, financial, and regulatory reporting for internal and external consumption. Applies investments knowledge and previous work experience to assess reasonableness of results, and proactively questions inconsistent data sets. Project Management & Automation Participates in improving investment accounting workflow based on feedback from all key stakeholders. Leads strategic reporting projects for the department including ledger booking enhancements, automation of monthly workflow through use of various systems/tools, investment accounting vendor due diligence, and additional items as assigned. Acts as a key point of contact for external vendors, including investment accounting platform vendor. Reviews operational workflow to identify areas of opportunity to streamline and automate tasks and implements changes to improve workflow as identified. Assists in the development and documentation of accounting policies and procedures, ensuring documentation is maintained and updated at all times. Produces / supervises the creation of audit-ready documentation for areas of responsibility relating to internal control environment and ensures team members understand audit requirements. Participates in the onboarding of new asset classes, investment strategies, and investment systems. Actively leads department meetings and engages colleag

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Company Intel

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