CAAG Financial Reporting Supervisor Job
CAAG Financial Reporting Supervisor (Job Number: 1313166)
Description
The incumbent will supervise a staff responsible for the processing and support of complete, accurate, and timely valuation and financial statements for daily and monthly valued clients as well as the resolution of any problems that arise. The staff will be responsible for a mix of multi-billion dollar institutional client relationships. S/He must understand all customized client accounting/reporting requirements and be able to leverage her/his knowledge of our system/services to provide solutions to unique client needs and requirements. S/He must be able to effectively work with senior client staff to address moderate and complex issues and challenges. S/He must have a full understanding of all areas of Asset Servicing that support the department. S/He will have ultimate responsibility for investment manager/client trade settlements and cash investment and will be expected to significantly minimize the related risk. S/He will ensure that each customer's accounting information is in adherence with all Bank of New York Mellon internal policies as well as external standard-setting bodies (e.g. the AICPA and the FASB) and regulatory bodies (e.g., the DOL and SEC). S/He will be fully responsible for the Performance Management Process and general staff development/training for the staff. S/He will participate in client and prospective client presentations. S/He will use her/his extensive knowledge of our online systems/products to support clients.
Primary responsibilities may include:
- Manage communications with external auditors on external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues
- Assist in the coordination of annual audit and quarterly review activities of external auditors
- Monitor and ensure timely identification and compliance with evolving accounting guidance, provide US GAAP interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner
- Implement and maintain reporting procedures to comply with internal control requirements
- Prepare materials for new business and board meetings
- Reconcile financial discrepancies by collecting and analyzing account information from other groups within CAAG
- Summarize Monthly and Quarterly financial statement status by preparing a review package with variance explanations
- Prepare and compile information for financial/regulatory reporting.
- Prepare financial statements inclusive of the following reporting items: Balance Sheet, Income Statement, Statement of Changes, Statement of Cash Flows, Schedule of Investments, Financial Highlights and Notes to Financial Statements.
Qualifications
The qualified candidate will have a Bachelor's degree with concentration in Accounting or Finance preferred. Extensive knowledge of securities/trust accounting theories/practices, as well as annual Form 5500 and other regulatory reporting is required. S/He must be highly proficient with PC applications and our core on-line systems and information delivery tools. S/He must possess strong analytical and communication skills, and be able to supervise effectively under pressure while adhering to strict and constantly changing deadlines. Very strong supervisory, interviewing, organizational, presentation, and leadership skills are required. This position requires 5+ years of relevant securities/trust experience, including some supervisory experience.
The preferred candidate will possess the following experience:
- Compilation, Review and/or Audit of US GAAP financial statements for investment companies or mutual fund companies
- Familiarity with a variety of investment funds (i.e., hedge funds, private equity funds, mutual funds, trust funds)
- Familiarity with a variety of investment structures (i.e., fund-of-funds, master-feeder, consolidations)
- Familiarity with a variety of investment instruments (i.e., equities, debt, forwards, futures, options, swaps, etc.)
- Familiarity with accounting and financial reporting principles, terminology, syntax, and conventions as they relate to investment companies
- Proficient at researching, interpreting, and applying accounting pronouncements
- Excellent business English writing skills (i.e., grammar, terminology, convention, etc.)
- Proficient with MS-Word and MS-Excel applications
- 5+ years of experience in financial statement preparation or audit within asset management or investment management
Primary Location: Everett, MA, US
Internal Jobcode: 07929
Job: Asset Servicing
Organization: Global Client Service Delivery-HR06406
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