Portfolio Accountant Job Description
Portfolio Accountant Duties & Responsibilities
To write an effective portfolio accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included portfolio accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Portfolio Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Portfolio Accountant
List any licenses or certifications required by the position: CPA
Education for Portfolio Accountant
Typically a job would require a certain level of education.
Employers hiring for the portfolio accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Education, Business/Administration, Communication, Real Estate, Public Accounting, Management, Financial Services
Skills for Portfolio Accountant
Desired skills for portfolio accountant include:
Desired experience for portfolio accountant includes:
Portfolio Accountant Examples
Portfolio Accountant Job Description
- Ownership of exception resolution through daily review procedures
- Producing and verifying periodic and ad hoc reports of client investment positions and transactions in accordance with agreed format, data content and scheduling requirements
- Working directly with counterparts across Client Support and Performance, input to, agree and manage schedules for production of client reporting
- Ensuring timely resolution of production issues in accordance with deadlines
- Providing information from internal accounting or external counter-party records as requested
- Supervising account transitions to ensure accurate accounting records are maintained for new/lost clients and any new/changing reporting requirements are addressed
- Prepare schedules and supporting workpapers for monthly NAV closes
- Assist in processing loan activity and private deal closings
- Prepare and review daily and month end position and cash reconciliations
- Assist in the quarterly and year end custody/non custody confirmations
- Complete ad hoc requests and projects
- Assist with team’s efforts in calculating, interpreting, and communicating financial performance returns
- Monthly financial analysis, including review of property accounting information prepared by joint venture partners
- Assist with cash management responsibilities
- Calculate and communicate financial performance returns effectively
- Complete monthly financial analysis
Portfolio Accountant Job Description
- Assist with monthly, quarterly and annual reporting requirements
- Assist with year end audit and tax requirements
- Analyze property operating statements
- Complete special projects including due diligence review, leasehold analysis, consultant/client questionnaires
- Make decisions on issues that may arise on financial reporting, operational workflow, valuation, over/under expense accruals, fund accounting
- Support all Infrastructure businesses in relation to all cash activity including FX hedging programs
- Develop and maintain standard processes and procedures around all cash activity
- Advise the team as required on hedging strategies and borrowing requirements
- Forecast and management of capital calls and finance drawdowns to achieve maximum results for the fund
- Document and management all intercompany loan documentation including transfer pricing across multiple jurisdictions
- Two years investment accounting /operations/account reconciliation experience
- Two or more years of accounting experience, real estate/public accounting experience strongly preferred
- Bank Reporting and liaison with cash reconciliations team on any cash breaks
- Co-ordinate and manage any reporting requirements around third party finance or depository providers at the fund level
- Co-ordination of payables processing with Account Payable
- Monthly reconciliation of expenses paid and budget tracking
Portfolio Accountant Job Description
- Distributions, journal entries, GL accounts
- Supervising AP/AR/Staff Accountants
- Supervision, coordination and management of country finance managers
- Ensure timely processing of invoicing including maintenance of a billing diary
- Determine mutual fund book-tax differences on investments such as equities, bonds, futures, options, forwards, swaps, foreign securities, in order to compute the funds' investment company taxable income
- Reconcile fund accounting trial balances, dividend/interest reports, realized gain/loss reports, holdings
- Prepare income and excise tax provisions, along with supporting schedules and worksheets
- Prepare all necessary tax filings
- Prepare fiscal-year-to-date income distribution monitors
- Calculate multi-class dividend rates on monthly/quarterly distributing funds
- Experience within a group finance or financial services role
- Experience in Cash Management, FX and Risk analysis
- Strong knowledge of internal controls required around cash movements
- Ability to interpret financial models and large volumes of data
- Team player who works well independently with others
- Bachelor’s degree with major in Accounting highly preferred or Master’s degree in Accounting
Portfolio Accountant Job Description
- Analyze dividend income to determine portion qualifying for reduced tax rates
- Review distribution components to compute amounts subject to possible withholding
- Reconcile differences between internal tax automation system and accounting reports
- Analyze custodian data against accounting system to identify potential problems
- Compile loan data and create loan servicing packages for lenders and borrowers
- Acquire subject matter expertise in the functions and activities of the department
- Researches and resolves a variety of issues that may be complex in nature
- Consults with management and personnel to identify, define and document business needs and objectives, current operational procedures, problems, and requirements
- Acts as a liaison between departmental end-users and information technology analysts in the analysis, design, configuration, testing and implementation of new system modules and functionality
- Participates in the analysis of the feasibility of enhancements to existing systems and ensures the system design fits the needs of the users
- Public Accounting experience (especially Big 4) highly preferred
- CPA or working towards CPA credential a big plus
- Demonstrated leadership ability, capable of working independently, strong organizational skills and flexibility are important skills
- A minimum of 2-3 years accounting and finance work history
- 3+ years of public accounting experience (with asset management, hedge fund, private equity fund of funds clients) OR fund administration experience
- Hungry, eager to learn and grow within the organization
Portfolio Accountant Job Description
- Participates in user acceptance testing and testing of new system functionality and troubleshoot bugs and/or defects discovered
- Conducts relevant training sessions for business users covering any new products, process, system enhancement, and/or functionality
- Develops policy and procedures to improve efficiency, cost-effectiveness, and/or improve internal and external deliverables
- Work closely with alternative investments committee to keep abreast of new complex securities slated for development anticipated volume on current instruments
- Work with various prime brokers as required
- Assist with non-routine Portfolio Accounting processes such as transfers in-kind, fund launches, fund liquidations, static data changes
- Input cash and other balancing information for accounts, maintain month-end market value reconciliations, and maintain internal files and records associated with the performance of duties in accordance with department standards
- Prepare And Process Tenant Deposits
- Review And Approve Applicant Credit Reports
- Process Rent Payments
- Have excellent system skills advanced excel
- Undergraduate degree in Accounting, Business or Finance strongly preferred
- Intermediate/Advanced proficiency with Excel is required along with the Microsoft Office suite
- Prior mutual fund accounting, retail or institutional accounting experience is preferred, not required
- Excellent attention to detail, time management, and multi-tasking abilities
- Understand and comply with all relevant Henderson policies applicable for the role, and seeking the guidance of the relevant policy owner if this is unclear at any time