Global Business Services – Investment Accountant
Part of Group Technology Operations, Global Business Services (Operations) encompasses the people and processes that back up global deal-making. Every day, they make sure that billions of trades are settled, risk is minimized and clients are satisfied.
Deutsche Asset Management (Australia) Limited is part of the Deutsch Bank Group. The Operations team is responsible for all aspect of operational support for all asset classes including Unlisted Infrastructure Assets (i.e. Private Equity Investments) and OTC Fixed Income Derivatives.
Position Overview
As a member of the Operations team, the Investment Accountant will be involved in a full spectrum of investment accounting and operational issues as well as providing business support to Fund Managers/Finance/Compliance teams and prepare various internal and external reports.
Responsibilities
A key part of the Investment Accountant’s responsibility is to provide full operational support to various Asset Management business units, and to prepare regular monthly, quarterly accounting for external clients and internal MIS reporting.
- Assist with ad-hoc request from internal and external clients, and management.
- Resolve a variety of problems and issues as raised by the business areas in a timely manner.
The Investment Accountant will be trained to prepare monthly, quarterly financial reporting for the unlisted infrastructure trusts. This involves communicating with custodian and fund managers to ensure all information required to complete the accounts is received on a timely basis.
- Cash flow instructions to custodian for income and expenses
- Daily bank reconciliation
- Prepare monthly accounts and tax reporting
- Maintain the infrastructure trusts investments on the investment system and reconcile this information to the general ledger on a monthly basis
- Monitor the individual trusts investments to ensure they do not breach the fund's investment guidelines
- Prepare quarterly accounts to support the quarterly reports which are sent to clients
- Prepare monthly BAS returns and annual financial accounts and tax return pack for the Infrastructure portfolios (including CGT and taxable income calculations)
- Investigate queries from clients and Fund Managers on an ad-hoc basis
This person will also be involved in Middle Office related functions for the Fixed Income portfolios, which predominately is to ensure the smooth running of all daily trade flow to external service provider State Street and investigate cash or security pricing related issues when they arise.
Monitor cash, security holding and valuation reconciliation exceptions and data discrepancies arising from Service Provider’s data feeds into our trading system
- Attend to trade enquires from Service Provider and front office PMs
- Co-ordinate with Service Provider re new security and counterparty setup
- Requirements
Requirements
- Must have Investment Accounting experience in Funds Management industry (Buy side experience)
- Must have an Australian University Degree in Accounting
- Knowledge of private equity investments and Fixed Income OTC derivatives and related operational processes (Preferred)
The ideal candidate will have accounting / operational experience and possess the following:
- Superior verbal and written communication skill is required due to extensive dealings with front office and external stakeholders.
- Strong attention to details, must have high personal standards and be proactive in acquiring new knowledge.
- Strong analytical skills to be able to work independently.
- Well organised self starter who can manage a range of competing priorities and projects, with desire to follow tasks through to completion.
About the Rewards you can expect
Deutsche Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, color, sexual orientation or disability.
See more at db.com/careers
Leave a Reply
You must be logged in to post a comment.