Wespath Benefits and Investments, recognized as one of “Chicago’s Best and Brightest Companies to Work For®” in 2017 and 2018, has an opportunity for a Senior Investment Accountant to ensure the accuracy of fund accounting records, including the verification of nightly fund prices, analysis, and related operational duties. The Senior Investment Accountant monitors the calculation of daily funds’ net asset values and all fund reporting and disclosure requirements in accordance to U.S. Generally Accepted Accounting Principles (GAAP). This position supports the investment operations and accounting manager in maintaining and enhancing the existing internal control structure to ensure appropriate control procedures are in place to provide accurate and timely reporting of all investment transactions.
More specifically, the Senior Investment Accountant will have the opportunity to:
Determine the daily funding requirements for each fund
Review daily Net Asset Value (NAV) calculations performed by the custodial bank and ensure the timely receipt of fund prices/factors from the custodial bank
Record investment accounting related transactions in accordance with GAAP such as monthly reclassification journal entries and quarterly allowance for doubtful tax reclaims
Responsible for all securities lending activities related to transaction classification, reporting and analysis for internal use by management
Oversee the monthly verification and timely posting of fund performance on Wespath websites
Assist in the preparation of year-end Annual Report for investment related financial statement and footnote disclosures Prepare audit schedules and work papers as required by the internal/external auditors
Prepare reconciliations between the custodian’s records and account holder records / Evaluate discrepancies and recommend resolution to open issues.
Clear all rejected transactions from the custodian transaction interface file to the general ledger
Collaborate with Wespath Investment Management, custodial bank and/or investment manager(s) in researching variances and out of tolerances
Provide support for the implementation of Wespath Investment Management initiatives such as implementation of new funds, hiring of new investment managers, rebalancing activities, etc.
Act as a primary backup for other investment accounting staff responsibilities
Help establishes policies, procedures and guidelines regarding internal controls and works continuously to strengthen the internal control environment
Respond to internal and external inquiries and issues
Participate in special projects as needed
Bachelor’s degree in Accounting or Finance or equivalent work experience
Seven (7) years of accounting experience
Five (5) years of experience in fund/investment accounting
Demonstrated success using Microsoft Office, in particular Word, Excel, and Powerpoint
CPA, CFA designation
Experience using various general ledger software systems and Bloomberg Terminal
Additional Salary Information: Bonus eligible
Internal Number: 224
About Wespath Benefits and Investments
Wespath Benefits and Investments
Wespath Benefits and Investments is a 2017 Chicago’s Best and Brightest Companies to Work® and a not-for-profit administrative agency of The United Methodist Church. Wespath is responsible for the general supervision and administration of retirement, health and welfare benefit plans and programs, and investment fund management for more than 100,000 active and retired clergy and lay employees in the U.S. and around the world.
Our operations include retirement services, the Center for Health, investment management, environmental, social and governance (ESG) issues, positive social purpose (PSP) lending, U.S. pension plans and global pension programs, health and welfare benefit plans. In service since 1908, Wespath has approximately $23 billion in assets under management. It ranks among the top 100 pension plans in the country and is the largest reporting denominational investor in the world. As the nation's largest faith-based pension fund, Wespath works globally with corporations to address environmental, social and governance (ESG) issues, with a focus on responsible and sustainable investing.
A unique, values-driven benefits an...d investments organization, this Chicago-area employer is known as “a great place to work.” The Glenview, IL headquarters building was awarded a Leadership in Energy and Environment Design (LEED) Gold certification by the U.S. Green Building Council for efficiencies in the building’s design, construction, operation and maintenance. Wespath strives to lessen its environmental impact, reinforcing the organization’s core value of stewardship. The agency has received Best Employees for Healthy Lifestyles and Eye on Health awards, has its own walking path and provides incentive programs that focus on the well-being of its employees.