An investment accounting manager supports and develops professional relationships with clients to maximize ROI and customer satisfaction. They participate in various client activities, such as new fund launches, project account closures and product unveiling meetings. They also spend their time reviewing partnership abstracts, investment data and bank reconciliations. They collaborate with accounting and financial managers every day, according to the Bureau of Labor Statistics.
General
Investment accounting managers are members of fund administration teams. They manage accounting operations for a wide range of partnership investment projects involving family funds and hedge funds. They maintain positive relationships with clients, provide detailed reviews of financial work and oversee the preparation of investment performance return reports. They evaluate legal documents to determine account setup and administration procedures.
They may participate in the preparation of audit, tax and investment data requests. They must continually troubleshoot and problem-solve complex accounting issues within limited time frames. They must have a basic knowledge of GAAP, reporting standards and partnership accounting. Employers expect them to have a bachelor’s degree in accounting with CPA or CAIA certification. Some employers accept candidates who have the CFA charter credential.
Portfolio Analysis
These investment accounting managers provide portfolio analysis advice and support to senior executives of investments department. They must be analytical, detail-oriented, assertive and natural multi-taskers. Their responsibilities include investment accounting analysis, financial statement reporting, investment portfolio reviews and investment regulatory filing preparation. They must respond to a variety of internal and external investment inquiries.
They may temporarily be involved in special projects related to the investment portfolios. These investment accounting managers must be able to read and understand investment, financial and accounting data. They must have the verbal and written communication skills needed to translate complex data into non-technical terms and reports. When it comes to this position, candidates may have a bachelor’s degree in finance or accounting as well as a few years of experience. Job candidates may need to have experience with investment software like Bloomberg and BondEdge.
Information Technology
These investment accounting managers usually work in financial services companies. They are responsible for the technical aspects of cash, fund, pension, investments and accounting reports and activities. They may work with IT analysts and comptrollers to review technical journal entries and reconciliations. They audit technology systems to verify evidence of compliance with company policy and regularly procedure. This includes expense accruals, cash reconciliations, interdepartmental accounting and external audit coordinator.
They may be in charge of investment accounting software or financial information management systems. They must have experience with alternative investment derivatives, strategies and structure transfers. These investment accounting managers must also have a CPA credential, but they will need information technology credentials. They may work with IT administrators and investment directors to establish how accounting rules are enforced and how financial statements can be used and shared. They must have business knowledge related to investment ownership, social responsibility and risk management.
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The best way to become an investment accounting manager is to earn a bachelor of science in accounting. This standard degree will teach students everything they need to know about basic accounting processes like cash, payroll, inventory and merchandizing. Advanced topics will cover acquisition, depreciation, long term assets, receivables and payables, cash flow statements, long-term liabilities, financial statement analysis and managerial accounting.
