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Investment Accountant


Wilmington, DE
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Job Details

Company ADP USA

Job Title: Investment Accountant

JobID: 5000191976406

Location: Wilmington, DE, 19806, USA

At ADP we are driven by your success. We engage your unique talents and perspectives. We welcome your ideas on how to do things differently and better. In your efforts to achieve, learn and grow, we support you all the way. If success motivates you, you belong at ADP. We strive for every interaction to be driven by our CORE values: Insightful Expertise, Integrity is Everything, Service Excellence, Inspiring Innovation, Each Person Counts, Results-Driven, & Social Responsibility. POSITION SUMMARY: Perform daily and monthly accounting (including monthly investment portfolio roll forwards), reconciliations, and wire transfers for certain U.S., U.K., the Netherlands, and French based client and corporate portfolios. Work closely with portfolio manager to determine available cash position each day. Monitor the payment of interest due to ADP from fixed income and money market holdings.


* Prepare daily cash positions for approximately 25 U.S., Canadian, U.K., the Netherlands, and French portfolios, which require accurate and timely presentation to portfolio manager each morning. Cash positions include beginning cash balance, maturities, coupon payments, cash transfers, corporate actions, sales, purchases, paydows of mortgage- and asset-backed securities and other miscellaneous items.
* Reconcile cash on a daily basis for all portfolios. This involves ensuring that cash coupons from custodian bank, money funds, and banks are received on a timely basis and are in agreement with ADP accounting system records.
* Investigate coupon payment differences. This involves researching payment history in Bloomberg, checking proper security setup in Portia (trading and accounting system), placing an inquiry with the custodian bank, and following up with brokers and paying agent regarding any differences.
* Initiate wires transfers utilizing the bank online portals. Approve and release repetitive and free form wire transfer payments.
* Assist with preparation of monthly journal entries and investment rollforwards.
* Other complexities and responsibilities of this position not captured above.
* Prepare custody reconciliations on a monthly basis and research any discrepancies.
* Interact with various levels of local and corporate teams to obtain accurate cash flow figures.
* Provide ongoing support to portfolio manager.
* Provide detailed variance explanations, research and resolve all income and trade related discrepancies daily.
* Prepare and maintain all money market spreadsheets, interface with clients on a monthly basis to insure that their investment revenue is accurately reflected for corporate reporting.
* Prepare cash receipts for management fee income.
* Gather statement information and prepare monthly custodial reconciliations. Document, research, and resolve all discrepancies.
* Verify accuracy of monthly Custody billing invoice, submit to Treasury for payment.
* Tie out all end of month money market trade activity, and daily rates.
* Execute all month-end close duties -- roll forwards, interest income analysis, verifying book yields, and average book values.
* Act as back--up in the duties of other associates, in the event of absence of other team members.
* Assist with preparation of annual tax package.
* Perform other duties as assigned by management.
* Assist with providing information for internal and external auditors.


* EDUCATION: Bachelor Degree in Accounting or Finance
* EXPERIENCE: Approximately 3-4 years

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