Senior Associate, Accounting Job Description
Senior Associate, Accounting Duties & Responsibilities
To write an effective senior associate, accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included senior associate, accounting job description templates that you can modify and use.
Sample responsibilities for this position include:
Senior Associate, Accounting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Associate, Accounting
List any licenses or certifications required by the position: CPA
Education for Senior Associate, Accounting
Typically a job would require a certain level of education.
Employers hiring for the senior associate, accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Economics, MBA, Education, Business/Administration, Mathematics, Associates, Accountancy
Skills for Senior Associate, Accounting
Desired skills for senior associate, accounting include:
Desired experience for senior associate, accounting includes:
Senior Associate, Accounting Examples
Senior Associate, Accounting Job Description
- Perform reconciliations and assist in expanding functionality
- Spearhead Oracle Receivables, Procurement and Projects IT project and assist with implementation
- Maintain and close Fixed Asset sub-ledger
- Perform all related statutory reporting
- Prepare ad hoc Financial Reporting for Head office upon request
- Assisting with General Ledger maintenance
- Assisting with filing of quarterly reports
- Assisting with Month-end closing process
- Monitoring and maintaining revenue / expense sharing agreements and associated journal entries
- Spearheading accounting process automation projects and assisting with the implementation
- Review MSPA to custodian/client reconciliations
- Sending Daily Report to the client, which contains details of Fund’s Performance & issues where client guidance is required, to enable us record correctly in the books of accounts
- Interaction with the Client facing Account Manager in regards to the clients daily report and resolving open issues if any
- Checking that all OTC products traded by the client have been booked correctly (Interest rate swaps, Credit default swaps, Currency options, Commodity futures etc)
- Booking of Capital Activities of the fund
- Finalizing the month end NAV of the client and providing Investor Level Allocations at month-end
Senior Associate, Accounting Job Description
- Performing all related statutory reporting
- Assisting with intercompany balancing, reconciliation and invoicing
- Review CMS/RBC schedules prior to distribution to Actuaries
- Perform consolidated statutory capital gains pre-tax and post reconciliations
- Prepare investment transaction reports for the insurance companies which are reviewed and approved by the Investment Committee
- Prepare or review the AVR reconciliation for the insurance companies
- Prepare quarterly management reporting schedules and analysis
- Assist in the preparation and coordination of Statutory Annual Statement (Blue Book) notes
- Assist in preparing and reviewing investment asset information for various rating agency surveys and inquiries
- Assist in preparing and reviewing additional surveys
- Deal with Ad-Hoc queries from stakeholders and preparation of MIS
- Assist with various upcoming projects
- Associates degree or higher in accounting, finance or other business-related field or a minimum of 5-7 years of experience as a full charge bookkeeper
- Previous experience with Corporate Accounting, Month-end Close, and Reconciliations
- Some real estate experience, preferred
- 3-8 years of Big 4, next tier or investment accountant with reconciliations
Senior Associate, Accounting Job Description
- Provide knowledge answers to questions submitted to a general mailbox related to accounts payable (AP) procedures, payment inquiries, use of third party vendor
- Help internal customers navigate in Oracle as it pertains to invoice approval and general navigation related to AP
- Work with vendors to resolve aging balances
- Review statements submitted by vendors
- Review, obtain, and prep wire backup for AP processors
- Participate in the review of various AP processes/procedures and make recommendations for continuous improvement
- Prepare information/entries and supporting documentation with increasing complexity
- Determine appropriate action to resolve exceptions between internal and external systems
- Prepare, review, and reconcile financial reports, client statements, and ad hoc requests
- Act as a technical resource to new associates and identify process improvements
- A high school diploma is required for this role
- Two-year experience in customer service
- Proficient in the use of basic office equipment and applications
- Knowledge of state and IRS payroll laws is preferred but not required
- Prior PeopleSoft and/or real estate experience is a plus
- Demonstrated understanding of key accounts payable processes, procedures, and systems and how these impact both financial results and internal customers
Senior Associate, Accounting Job Description
- Serve as liaison between internal and external clients (i.e., accountants, consultants, auditors, custodian banks)
- Communicate with Spanish speaking internal customers using email, Instant Messaging, and telephone
- Assist with the preparation of ETR computations for the annual plan and strategic plans
- Prepare all provision to return templates and adjustments for non-US subsidiaries prior to filing returns
- Prepare documentation related to SOX 404 controls including updates to controls and monitoring compliance on a quarterly basis with controls
- Preparing schedules for the stress testing process and performing the associated analytical procedures
- Coordinating with lines of business submitting information to ensure accurate data and timely implementation of new requirements
- Supporting the automation work related to the stress testing process through detailed testing
- Establishing and maintaining reconciliation processes to ensure completeness of data submitted
- Working closely with business, accounting and information technology colleagues across lines of business as issues emerge and reporting timely status to management and other stakeholders
- Strong attention to detail and ability to accurately complete financial transactions meeting tight deadlines
- Strong systems skills including ERP systems and Excel
- Working knowledge of Accounting processes including recoding of Journal Entries and month-end close processes
- Demonstrated personal integrity and ability to handle highly sensitive data
- Highly motivated self starter with the ability to prioritize and multi-task, with frequent interruptions
- Ability to work well independently with minimal supervision and as part of a team
Senior Associate, Accounting Job Description
- Provide accounting and reporting of NY Life’s Investment portfolio (fixed income and equities) for the general and separate account
- Reviews financial reporting for internal (Controller, CFO, Businesses and Board of Directors) and external (Regulatory) clients
- Manages and reviews valuation materials and assists in the monitoring and control of valuation procedures
- Implement and maintain Investment Accounting Policy in accordance with Statutory standards/regulations
- Provide Statutory and GAAP accounting and reporting of the Limited Partnership and Other Invested Asset portfolio for the general and separate accounts of NYL and NYLIAC
- Reviews monthly, quarterly, and annual Balance Sheet and Income Statement reconciliations between the general ledger and the investment system for all Limited Partnerships and Other Invested Assets
- Ensuring the Bank's compliance with standards established by authoritative accounting standards setters in the US and will stay abreast of the standard setting developments in the international arena
- Monitoring the standards setting processes of the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA) and the International Accounting Standards Board (IASB) to evaluate the Bank's level of compliance with these standards
- Interpreting new or existing accounting rules, standards and policies
- Contributing to the coordination and development/enhancement of the Bank's accounting policies and procedures resulting from new pronouncements issued by authoritative accounting standards setters new products and initiatives of the Bank
- An advanced knowledge of Excel formulas and functions
- 2+ years of external reporting experience
- Self-driven and able to work with minimal supervision
- Communicates effectively with users/customers & colleagues 2-3 levels up/down and across a range of disciplines, and all levels of management
- Ability to use data analysis to develop insights and hypothesis vs
- Capable of multi-tasking across projects of varying scope and complexity