Fund Accountant I

$38,910 - $90,090/Yr

Umb Financial Corporation - Oklahoma City, OK

Full-time - Entry Level

Oklahoma City, OK

Credit Intermediation and Related Activities

About the position

The Fund Accountant I position at UMB Bank involves supporting the Institutional Banking sector by ensuring accurate and timely net asset values for multiple mutual funds. This role is crucial for facilitating transactions for shareholders and involves various accounting and reconciliation tasks. The position is designed for individuals who are detail-oriented and capable of working in a collaborative yet independent environment.

Responsibilities

• Prepare and review preliminary trial balance and NAV calculation for multiple funds
• Monitor and analyze income and expense accruals to ensure GAAP compliance
• Analyze corporate action application for GAAP compliance
• Reconcile cash settlements and position quantity to the custodian and prime broker records
• Investigate and resolve cash or position discrepancies by collaborating with the custodian, prime brokers, transfer agency, advisor, and/or portfolio managers/traders
• Review and resolve trade detail exceptions to ensure transactions are accurately reflected by collaborating with the advisor/portfolio manager or trader
• Analyze security pricing exceptions to ensure proper prices are used in the calculation of the NAV
• Partner with various internal/external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting regulations
• Coordinate audit materials as well as responses to audit inquiries

Requirements

• Bachelor's degree in Accounting and Finance or equivalent experience
• At least four (4) years of external fund accounting or related experience, or three and a half (3.5) years of UMB fund accounting experience

Benefits

• Paid Time Off
• 401(k) matching program
• Annual incentive pay
• Paid holidays
• Comprehensive company-sponsored benefit plan including medical, dental, vision, and other insurance coverage
• Health savings, flexible spending, and dependent care accounts
• Adoption assistance
• Employee assistance program
• Fitness reimbursement
• Tuition reimbursement
• Associate wellbeing program
• Associate emergency fund
• Various associate banking benefits