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Title: Accounting Manager - Investment Treasury
Location: Maryland Owings Mills
SEC and Fund Reporting Experience Preferred. CPA Preferred
Working under the direction of a Lead Manager, the Accounting Manager provides subject matter expertise and policy support in accounting, reporting and other treasury matters affecting all managed investment products (i.e., '40 Act mutual funds, trusts, partnerships, Luxembourg-based products, and 529 plans). This position works with the Lead Managers to establish accounting and reporting policy to ensure the funds' compliance with regulatory, GAAP, contractual, and other applicable requirements, and to act as a consultant to internal and external groups on accounting and reporting for complex and/or unusual securities, transactions, and other arrangements.
Ad Hoc Accounting Guidance. With limited supervision, provides in-house subject matter expertise on investment company accounting issues for the investment products as issues arise. Working under the direction of the lead managers, works closely with internal groups to resolve issues related to accounting for unusual securities, transactions, and arrangements that range in complexity and often require relatively quick resolution and/or where authoritative guidance is unclear. Serves as a consultant on basic accounting issues that may originate with investment operations, legal, marketing, portfolio management, independent auditors, business partners and others. Performs technical accounting research, as necessary, to ensure practices / conclusions / positions comply with applicable authoritative accounting, legal, regulatory requirements; confirms conclusions internally and with external auditors and legal as appropriate.
Accounting Policy Documentation. Under the supervision of a lead manager, drafts formal documentation of complex accounting and reporting policies, including relevant authoritative guidance and basis for conclusions; documents issue-specific guidance/advice in reference memos. Documentation must be audience-appropriate and summarize issue, authoritative guidance, business considerations, and basis for conclusions; to serve as reference tool, primarily for internal client groups, as well as auditors. Maintains and updates documentation; reviews and updates on an annual basis.
Adoption of New Accounting Requirements. Under the direction of a lead manager, reviews and researches accounting requirements to identify those applicable to investment products that result from new or changed services or products, investment types or strategies, and GAAP, regulatory, legislative or contractual accounting requirements. Researches and interprets technical guidance and its application to the client investment products. Works in conjunction with lead manager, and various internal (e.g., legal, tax, operations, portfolio management) and external (e.g., auditors, industry contacts, SEC) contacts to determine business and operational impacts/concerns and synthesize information gathered to propose appropriate accounting. In conjunction with lead manager, proposes and documents conclusions and effectively articulates the basis for conclusions when communicating to affected groups. Serves as consultant to operating groups by providing subject matter expertise during implementation of new and/or changed accounting requirements.
Accounting Projects. Under the supervision of a lead manager, identifies and researches areas of potential improvement in current accounting practices; researches and responds to less complex internal and auditor recommendations and industry developments related to accounting practices. Works with lead managers to research and solicit input from affected internal groups and external resources to address business impacts/concerns and why change is preferable. Documents and communicates decisions to affected groups, and serves as consultant to affected areas during implementation of change.
Emerging Accounting Issues. Follows less complex emerging accounting issues with potential impact on investment products, understands rulemaking process and status of issue as it develops, evaluates impact of proposal and advises affected business areas of relevant developments. Works closely with lead manager and affected business units, legal, auditors, tax, and appropriate others (e.g., industry committees) to formulate position and provide input to comment letter, if formal response is submitted.
Bachelor's Degree in accounting or finance
2-4 years of business experience in accounting, accounting research, or other related field
Mutual funds experience
Big 4 experience
College degree and 2 yrs related work experience
Excellent oral and written communication skills
Strong accounting technician
Self-directed, problem-solving orientation
Ability to plan, organize and coordinate projects
Ability to apply research, summarize, and propose applicable solutions
Ability to interact with various levels and departments within the firm
Attention to detail
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