Investment Company Accountant

Staff Accountant (Investment Company Accountant)

The Division of Investment Management seeks a Staff Accountant for Investment Company Accountant role. The accountant will provide accounting guidance on sensitive and complex programs, issues, and assignments covering a broad set of functions related to the investment management industry and the administration of securities laws for investment companies and advisers.

• Identifying accounting, auditing, or financial reporting deficiencies in financial statements and in financial disclosures included in registration statements and other SEC filings of registered investment companies and/or business development companies.
• Preparing, reviewing, or auditing financial statements for registered investment companies (RIC).
• Applying Generally Accepted Accounting Principles (GAAP) with particular focus on FASB ASC 946 – Investment Companies, Regulation S‑X, the Investment Company Act of 1940, the Investment Advisers Act of 1940, Generally Accepted Auditing Standards (GAAS), and accounting rules and policies of federal securities laws and Acts.
• Examining records related to issuance, distribution, or trading of securities of registered investment companies.

• Basic Requirement
  :
  • Degree: accounting or a related field such as business administration, finance, or public administration that included or was supplemented by 24 semester hours in accounting. The 24 hours may include up to 6 hours of credit in business law.
  • Combination of education and experience: at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge. Background must also include one of the following:
    • Twenty‑four semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law;
    • A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination;
    • Completion of a degree that included substantial coursework in accounting or auditing, e.g., 15 semester hours, but that does not fully satisfy the 24‑semester‑hour requirement, provided the applicant has successfully worked at the full‑performance level in accounting, auditing, or a related field and a panel of at least two higher level professional accountants or auditors has determined that the applicant has demonstrated a good knowledge of accounting and related fields that equals the breadth, depth, currency, and level of advancement normally associated with a 4‑year course of study.
• Minimum Qualification Requirement
  : applicant must also meet the minimum qualification requirement in addition to the basic requirement.
• SK‑14
  : applicant must have at least one year of specialized experience equivalent to the GS/SK‑13 level, including the responsibilities listed above.

• Disclosure Guidance and Advice – Applies accounting expertise, and knowledge of industry issues and current topics, to provide guidance and recommendations to others.
• Disclosure Examination – Reviews and analyzes disclosure documents in accordance with relevant rules, regulations, accounting principles, standards, and Commission, Division, and Office positions and interpretations to determine compliance with SEC and industry regulations.
• Workload Management – Effectively prioritizes workload in a way that accommodates unforeseen developments and achieves successful outcomes.
• Critical Thinking – Considers a variety of factors, general and subject‑matter specific, when making decisions and determining next steps in a case.