About the position
The Investment Accountant, working under moderate supervision, is involved in managing and maintaining financial records and reports related to investments made by an organization. This role is responsible for the investment accounting process, preparing and reviewing investment transactions, reconciling investment accounts, and ensuring compliance with accounting standards and regulations. The role reviews and verifies all investment-related activity of all companies' investment portfolios by verifying and maintaining all purchase, sale, and income information, coordinating all investment data between computer systems, and providing reporting for management and external reporting requirements. The Investment Accountant executes on the investment accounting process, including maintaining financial records and reports related to investment transactions, reconciling investment accounts, and ensuring compliance with accounting standards and regulations. They verify and maintain all purchase, sale, and income information of companies' investment portfolios to ensure the integrity of the portfolio database. This position requires the use and management of various investment systems, maintaining, updating, and running reports for management and external reporting requirements. Additionally, the Investment Accountant reviews computed information to comply with various investment plan and formula calculations relating to investments. They collaborate with other departments to provide financial data and analysis to support investment decisions and help the organization achieve its financial goals. The role also involves managing and using specialized investment software employed to track investment details for alternative investments, using the equity accounting method. The accountant assists with tracking specialized investment details as directed for situations such as "basket clause," and other-than-temporary impairments. Furthermore, the Investment Accountant provides reporting for management and external reporting requirements, including financial statements and regulatory filings. They are expected to identify and implement opportunities for continuous improvement in the investment accounting process and financial reporting. The role requires a commitment to staying current in various accounting standards and participating by sharing knowledge at accounting updates.
Responsibilities
- Manage and maintain financial records and reports related to investments.
- Prepare and review investment transactions.
- Reconcile investment accounts to ensure accuracy.
- Ensure compliance with accounting standards and regulations.
- Verify and maintain all purchase, sale, and income information of investment portfolios.
- Coordinate investment data between computer systems.
- Provide reporting for management and external reporting requirements.
- Use and manage various investment systems for tracking investment details.
- Review computed information for compliance with investment plan calculations.
- Collaborate with other departments to provide financial data and analysis for investment decisions.
- Identify and implement opportunities for continuous improvement in the investment accounting process.
- Stay current with accounting standards and share knowledge at updates.
Requirements
- 0-3 years of experience in Investment Accounting or a related field.
- Bachelor's degree in Business, Accounting, Finance, Economics, or a related field and/or commensurate experience.
