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Senior Investment Accountant
Company: Future Fund
Location: Melbourne, Australia
Job Description:
The position of Senior Investment Accountant is responsible for the day to day accounting of the investment program and will provide support to the Investment Accounting Manager as directed.
Key responsibilities will involve
Detailed analysis/review of all private market investments including:
- monitoring of reporting deliverables as per legal agreements
- review of valuation information to ensure consistency with Fund policies
- capital call and distribution accounting/reconciliation
- review of quarterly and annual financial statements to identify any accounting issues in underlying portfolio investments
- review of annual management fee reconciliations provided by the managers/general partners
- maintenance of due diligence cost information and liaison with performance reporting to ensure all costs are allocated to the appropriate investment program
- review of any other accounting information received
Development of reporting from the private markets database system to assist in monthly/annual reporting.
Assistance in the review of public market information including:
- Review of valuation information and manager/custodian reconciliations to identify and escalate valuation or position differences
- Review of any outstanding tax reclaims for reasonableness and ensure custodian is actively chasing claims
- Review of derivative balances and custodian reporting of derivatives to ensure accuracy, including reconciliation to clearing house reports where relevant
- Assist in the preparation of benchmarking surveys on investment program returns and costs
- Assist in the investment accounting process for the Board entity and all subsidiary entities including accuracy and timeliness of information reported to management and the Board(s)
- Assist in the preparation of monthly Board reporting
- Assist in the preparation of yearly financial statements, including year end planning meetings with the custodian and auditors to ensure timely and accurate delivery of required reporting
- Process improvements in relation to the provision of information from the Custodian;
- Review of ABS returns
- Ad hoc government reporting requirements
- Reviewing and posting receipts and payments to appropriate ledgers, spreadsheets, records, and databases
- Reconciliation of general ledger accounts to supporting records
- Monthly and annual closings (both Board & Agency)
- Preparation of BAS returns
Qualifications and Experience
The successful candidate will be degree (Business or Accounting) and CA/CPA qualified. You will have prepared complex investment financial statements and have had exposure to accounting for all investment classes including equities, fixed income, alternative classes (real estate, private equity, infrastructure funds, timber and commodities) and exchange traded and OTC derivative instruments. You will be technically proficient in your knowledge of accounting standards and have experience with custodian accounting systems.
The position is Melbourne based. The level of remuneration will reflect the experience of the successful applicant.
Original Posting Link: http://www.futurefund.gov.au/careers/financialinvestment_accountant
Contact: Caroline Sabolek
Contact Email: recruitment@futurefund.gov.au
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