Mgr/Asst Mgr/Sr Acct/Staff Acct-REIT Accounting

REIT Outsourced Accounting (NYC location)


Core Position Description


JOB DESCRIPTION

With  offices throughout North America, Europe, Asia, and Australia, our client, a 6000 employee, $8B market cap, > $1B revenue growing leader that provides the global financial services industry with a broad range of highly specialized software, business process outsourcing (BPO) services and application service provider (ASP) solutions.

 

Institutional Outsourcing, a division of our client, is an investment processing service group that provides middle and back office operations, accounting and reporting support to Asset Management, Insurance, Pension, Wealth Management, and REIT clients.


Job Description:

Staff Accountant responsibilities include producing timely and accurate accounting reporting for assigned REIT investment portfolios. The individual will be responsible for preparing the daily and monthly deliverables through data processing, data reconciliations, and review of investment accounting. The instrument scope of investments includes, but is not limited to fixed income securities (including MBS, ABS), exchange traded derivatives, loans and repurchase agreements. 


Key Responsibilities:

  • Perform the daily and monthly processing, reconciliation, and reporting functions.
  • Upload daily and monthly static and market data and perform daily data reconciliations. 
  • Perform daily reconciliations against multiple custodians and/or asset managers.
  • Identify, research, and escalate any breaks against established counterparties.
  • Perform critical self-review of work product prior to submission to client and/or supervisor.
  • Address ad hoc inquiries and assist on projects.
  • Document and cross-train processes.
  • Liaise with clients and internal contacts on a day to day basis
  • Month end consolidation of financial statements (balance sheet, income statement, etc)
  • Quarter end preparation of financial statement disclosures and footnotes for 10Q and 10K

Desired Attributes: 

  • The instrument scope of investments includes, but is not limited, to fixed income securities (including MBS, ABS), exchange traded derivatives, loans, swaps and repurchase agreements
  • Experience in a hedge fund, private equity firm a plus BUT above instruments must be a part of that experience.
  • Understanding of accounting rules for investments under US GAAP.
  • Working knowledge of fixed income securities and derivatives.
  • Minimum of a BS degree in Accounting, Business or Finance
  • 0-2 years’ experience of investment accounting or equivalent work experience in the investment  industry
  • Proven ability to meet daily and monthly deliverables
  • Strong communication skills.
  • Ability to communicate professionally with internal and external contacts.
  • Ability to multi-task effectively 
  • Strong analytical skills and ability to remain highly organized in a deadline driven environment while maintaining strict attention to detail
  • Proficiency with Microsoft Office suite, with advanced working knowledge of Excel

Staff Accountant

All requirements from first page


Senior Accountant

All requirements from first page plus:

Responsibilities

  • Perform the daily and monthly processing, reconciliation, and reporting functions for traditional and complex asset types. 
  • Prepare and perform controls on monthly general ledgers feeds for US GAAP. 
  • Prepare and reconcile month end packages to be sent to client.
  • Review and resolve differences on daily data reconciliations. 
  • Review and resolve differences on reconciliations against multiple custodians and/or asset managers.
  • Perform a critical self-review of work product prior to submission to client and/or supervisor.
  • Identify inefficiencies in the current production process and make recommendations on how to fix them.

Desired Attributed

  • Ability and solid understanding of accounting rules for investments under US GAAP.
  • Strong background with fixed income, derivatives and repurchase agreements
  • Minimum of a BS degree in Accounting or Finance.
  • 2-4  years’ experience of investment accounting or equivalent work experience in the investment.

Assistant Manager

All requirements from first page plus:

Job Description:

The Assistant Manager’s responsibility is to be the primary owner of the delivery of daily and monthly reporting for one to two clients. The individual will be responsible for supervising one to three staff in delivering accurate investment accounting for complex investment portfolios.


Key Responsibilities:

  • Ensure daily, monthly, and quarterly reports are delivered timely and accurately to clients. 
  • Design and review controls on monthly general ledgers feeds for US GAAP.
  • Maintain a relationship with one or multiple clients.
  • Manage communication, including service reviews, with client(s)
  • Review and distribute month end reporting packages to client.
  • Supervise and manage the development of 1-3 staff.
  • Identify inefficiencies in the current production process and institute operational efficiencies.
  • Manage change control requests and project logs. 
  • Prepare agenda for monthly calls with clients to review status of outstanding issues

Desired Attributes: 

  • Ability and solid understanding of practical application of accounting rules for investments under US GAAP.
  • Strong background with simple and complex investment products.
  • Experience using portfolio accounting software.
  • Minimum of a BS degree in Accounting or Finance.
  • CPA, ACCA, CFA, MBA or CIMA a plus
  • 4-6 years’ experience of investment accounting or equivalent work experience in the investment industry.
  • Experience in supervising and developing staff.

Manager

All requirements from first page plus:


Job Description:

Manager responsibilities include being the primary account manager for one or multiple clients, being responsible for implementing best practice in the operations and management of clients, managing three to five staff in delivering accurate investment accounting, managing client projects, and assisting in the onboarding of new clients.


Key Responsibilities:

  • Manage the relationship with one or multiple clients, including maintaining KPIs, operational calls, and project management of client specific initiatives.
  • Ensure daily, monthly, and quarterly reports and trial balances are delivered timely and accurately to clients. 
  • Provide internal and external facing expertise on changes in the accounting and regulatory environments affecting clients. 
  • Manage the development of 3-5 staff.
  • Cross sell new services to clients
  • Develop and implement consistent policies and procedures for clients, including business analysis, new requirements, workflow, and operational review. 
  • Identify inefficiencies in the current production process and implement operational efficiencies.
  • Liaise with internal groups (reporting/development/etc.)
  • Assist in the onboarding of new clients. 
  • Act as an escalation point for clients 
  • Lead monthly calls with clients to review status of outstanding issues
  • Follow REIT industry accounting trends and understand impact on clients and or internal financial statement reporting
  • Monitor client’s public disclosures and follow up with client when appropriate 
  • Quarter end review of financial statement disclosures and footnotes for 10Q and 10K

Desired Attributes: 

  • Ability and solid understanding of practical application of accounting rules for investments under US GAAP and IFRS.
  • Strong background with simple and complex investment products.
  • Experience using portfolio accounting software. 
  • Minimum of a BS degree in Accounting or Finance.
  • CPA, ACCA, CFA, MBA or CIMA a plus
  • 6+ years’ experience of investment accounting or equivalent work experience in the investment industry.