Investment Accountant

ADP is hiring an Investment Accountant.

Are you an experienced accountant, highly skilled in investments and securities? Are you looking to join a dynamic, inclusive team environment with a culture of collaboration and belonging?

As Investment Accountant, you will play an important role in managing ADP client and corporate funds. You will provide back‑office investment and accounting support including creating morning investment and borrowing positions for portfolio managers; daily trade settlements with custodian banks, preparation of wire transfers; accounts payable; performing monthly accounting entries, and assisting in the month‑end close process, including preparing investment roll forwards, and other month‑end reconciliations.

• Prepare daily investment or borrowing position, as well as daily positions for U.S., Canadian, and U.K. portfolios (on a rotational basis) averaging about $40B, which require accurate and timely presentation to portfolio managers and Corporate Treasury department each morning. Cash positions include beginning cash balance, cash transfers, maturities, coupon payments, corporate actions, sales, purchases, paydowns of mortgage‑and‑asset‑backed securities and other miscellaneous items.
  
  Communicate with various groups throughout the day and provide updates to key stakeholders regarding changes to cash transfers from our client funds activity.
• Daily trade settlements with custodian bank – ensure that trades entered into the investment system are fed into the custodian bank system and monitor settlement process throughout the day. Investigate and resolve trade differences as they arise by communicating with brokers and custodian bank.
• Initiate wire transfers utilizing the bank online portals and approve and release repetitive wire transfer payments.
• Assist with month‑end close process including preparation of certain monthly journal entries, investment roll forwards, checking account reconciliations and expense analysis.
• Assist with cash reconciliations, including investigating and resolving coupon payment and other differences.
• Accounts Payable – input invoices into the accounts payable system on a periodic basis and create a list of checks to be paid on a weekly basis. Monitor the expense trend and ensure adequate liquidity to fund the disbursements.
• Prepare custody reconciliations on a monthly basis and research and resolve any discrepancies.
• Coordinate investment account opening application with ADP legal and investment counter parties.
• Maintain files of board minutes and other broker/legal documentation.
• Assist with preparation of annual tax package.
• Assist with providing information for internal and external auditors.
• Assist with office administration duties as needed.
• Act as back‑up in the duties of other associates, in the event of absence of other team members.
• Assist with preparation (serve as back‑up) of weekly investment dashboard for ADP senior executives.
• Update share repurchase database.

• 3‑5 years of experience in relevant skills gained and developed in an Investment Account or similar role. Experience at a Big 4 accounting firm will provide extra comfortability.

• You will have a Bachelor’s degree in Accounting, Finance, or equivalent. Licensed CPA or working towards license will allow additional comfortability in the role.
• Experience with investment accounting systems. Knowledge of the Portia investment accounting system, Bloomberg, Dynamics general ledger, and Hyperion Financial Management systems is desired.
• Strong internal controls mindset (ability to identify and close control gaps and/or issues).
• Outstanding organizational and time management skills. Must work well under pressure.
• Ability to adapt to a rapidly changing environment is essential.
• High degree of professionalism and accountability.
• Proven ability to prioritize multiple projects and responsibilities.
• Outstanding proficiency in Microsoft Excel, PowerPoint, and other MS applications.
• Exceptional attention to detail and strong analytical/problem resolution skills.
• Self‑motivated.
• Strong communication skills.

• Have courageous team…