CARC Manager, Fund Accounting

Unclassified - Cincinnati, OH

Full-time - Manager

Cincinnati, OH

About the position

The position oversees and manages daily and monthly processes for fund accounting, investment accounting, and trade matching. It involves directing derivative, synthetic, and international trade processing, along with margin maintenance and collateral management. The role includes direct management responsibility for the portfolio investment accounting and trade operations staff, ensuring synchronization of trade details and security reference data across various systems. The position also requires collaboration with internal and external fund accounting groups to calculate and publish daily NAV prices and monthly investment performance results, while working on projects to upgrade money management systems and procedures.

Responsibilities

• Manages Fund Accounting, Portfolio Accounting, and Investment Operations Staff.
• Oversees and directs derivative, synthetic, and international trade processing along with margin maintenance and collateral management processing.
• Monitors and runs intraday and overnight processes to synchronize trade details, security reference data, and account position data between accounting, trading, and analytical systems.
• Works with internal and external fund accounting groups to calculate and publish daily NAV prices and monthly investment performance results.
• Maintains relationships with varying prime brokers, external fund accountants, bank custodians, and margin and collateral external departments.
• Works with international sub-custodians to establish security trading for developed and emerging markets.
• Creates performance results, runs audits, and quality control reports in collaboration with the investment performance area.
• Independently oversees the integrity of the security asset master file across all accounting, trading, and downstream analytical systems.
• Oversees and maintains processes for asset valuations for domestic, international, and derivative security types.
• Oversees new client account setup, initial position reconciliation, asset transfers, and custodial network establishment.
• Responsible for validating new security reference data and analytical data elements across all trading, accounting, and analytic systems.
• Develops and maintains corporate action procedures including all mandatory and voluntary corporate actions.
• Manages and oversees daily and monthly fund accounting and portfolio reconciliation processes.
• Creates and maintains appropriate management oversight reporting.
• Oversees post-trade processing for trade affirmations and trade matching for internal and external custodians, brokers, prime brokers, swap dealers, and futures clearing merchants.
• Oversees all post-trade broker allocation, custodial notification processes, and timely transmission of trades to external fund accountants on all pooled fund products.
• Develops system-generated custom reports for use by portfolio managers, institutional investment officers, senior management, relationship managers, oversight committees, and board presentations.
• Maintains and oversees procedures for Investment Benchmark/Index updates for all asset classes.
• Works with related departments to provide proactive solutions for workflow efficiencies.
• Maintains up-to-date workflow documentation to assist IT on all upgrades and new money management application installations.

Requirements

• Proven experience in fund accounting and investment operations management.
• Strong knowledge of derivative, synthetic, and international trade processing.
• Experience with margin maintenance and collateral management.
• Ability to monitor and synchronize trade details and security reference data across systems.
• Experience in calculating and publishing NAV prices and investment performance results.
• Strong relationship management skills with prime brokers, fund accountants, and custodians.
• Experience working with international sub-custodians for security trading.
• Ability to create performance results and conduct audits and quality control reports.
• Strong understanding of asset valuations for various security types.
• Experience in client account setup and asset transfers.

Nice-to-haves

• Experience with GIPS verification exams.
• Familiarity with corporate action procedures.
• Knowledge of investment benchmarks and index updates.

Benefits

• Health insurance
• 401k plan
• Paid holidays
• Professional development opportunities