Fund Accountant Lead-Alt Inv

The Fund Accounting Alternative Investments Team provides accounting, pricing, and reconciliation services for our alternative investment fund clients. This group is a growing team that continues to add to our client portfolio. With additional clients and the evolution of client needs comes the opportunity to grow our knowledge base and expand our technological capabilities. 

The Fund Accounting-Alternative Investments role supports UMB by handling all accounting, bookkeeping, and reporting for our clients. This role prepares all net asset values for funds, reviews cash settlements and investor activity, and enters trade information as needed. As a lead level position, this role will be responsible for the following: 

• Review or, as needed, perform accounting and administrative functions, including, recording investment and investor transactions, pricing and reconciliation of portfolios, compiling trial balances and financial statements, effecting investor allocations, and investor reporting for alternative investment funds.  

• Additional responsibilities include the progressive training and oversight of fund accounting staff.  

• Independently review or, as needed, perform general ledger accounting functions ensuring compliance with all accounting policies and procedures and in accordance with applicable rules and regulations such as SEC, IRS and GAAP.  

• Develop and maintain a strong relationship with the clients and other professional firms (such as audit/tax) with whom the clients conduct business.  

• Demonstrate ability to onboard a client or new fund(s) for an existing client  

• Review preliminary and final trial balances and net asset value (NAV) for funds completed by Fund Accountants.  

• Monitor and review cash settlements, investor activity, interest, dividend payments, and other cash items to ensure that outstanding issues are being addressed and elevated to the appropriate level.  

• Maintain and/or review monthly audit and expense analysis schedules to support year end audits and financial statement preparation.  

• Identify, investigate, and propose solutions for daily accounting and pricing issues.  

• Review and distribute the financial statements, investor reports and other client reports. 

• Calculate and present for review, to the Client, the final financial package and the net asset value of the fund.  

• Review or, as needed, prepare the quarterly regulatory filings, such as N Q, N CSR etc., where applicable.  

Working in the Fund Accounting group at UMB can be fun, challenging, and very team oriented. We perform at a high level for our clients and believe that relationships both internally and externally are key to UMB’s success. There are deadlines we rally around as a team and we rely on our shared expertise to accomplish our goals. We enjoy being part of a work family and many of our associates get together for intermural sports and various community service projects throughout the year. 

 We’re excited to talk with you if:  

• You have a bachelor’s degree in accounting or finance or equivalent experience 

• You have at least 6 years of Fund Accounting experience