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Assistant Manager, Investment Accounting

Secunderabad, Telangana
Job Code:
  • Banking & Finance
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Job Details

Primary Duties/ResponsibilitiesOversees accounting for Invesco s US investments portfolio (available for sale, trading, equity method and other investments).Identifies, researches, and resolves complex accounting and financial reporting issues related to new and existing investments. Documents and implements accounting conclusions.Conducts and documents quarterly OTTI analysis for investments.Coordinates valuation of investment portfolio with Invesco Pricing team where appropriate. Reports findings and makes recommendations to corporate valuation committee.Assesses complex investment product structures (e.g., CLOs, private equity and real estate partnerships) for consolidation in accordance with ASC 810.Works closely with fund accounting, tax, treasury and legal teams to design optimal fund legal and tax structure.Ensures the Hyderabad General Ledger SSC staff executes all assignments in accordance with established Service Level Agreements (SLAs). Accounting services will include but are not limited to preparing journal entries and account reconciliations for available-for-sale, trading, equity method, and cost method investments, Balance Sheet and Income Statement Analysis, Assisting in preparation of Quarterly SEC filings and compiling quarterly SOX documentation.Provides daily direction to Investment Accounting staff, sets priorities, and ensures staff is aware of critical deadlines or changes in policy or procedures.Proactively identifies potential work bottlenecks or peaks in work volume and identifies plans to ensure team is able to meet agreed upon deadlines.Manages relationships with internal fund accounting teams.Reviews and analyzes compilation of income statements, balance sheets, and statements of cash flows for consolidated investment products.Drafts and compiles financial statement footnotes for SEC filings. Authors MD&A for consolidated investment products. Works closely with Corporate SEC Reporting team.Ensures US books are closed in accordance with corporate calendar and account reconciliations, financial reporting packages and variance analysis are completed on timely basis.Ensures requirements of Sarbanes Oxley are met, including appropriate controls are in place and SOX flows are maintained and documented.Keeps abreast of current accounting and financial reporting rules including Sarbanes Oxley requirements by networking with peers, attending industry meetings/seminars, and reading professional journals.Leads staff in execution of approved continuous improvement opportunitiesSupports GBS transition team to migrate additional accounting services to Hyderabad SSC, which includes assisting with the creation of transition plans and training materials, development of SLAs, and participation in stabilization effortsReviews, provides input, and signs off on desktop procedures documented by Investment Accounting Hyderabad SSC staff.Executes approved remediation of areas not meeting established service level obligationsParticipates in special projects as required by the Management teamInterviews, hires, orients, trains, motivates, evaluates, disciplines, and when necessary discharges subordinate personnel in conjunction with the SSC Lead Qualifications Work Experience6 to 8 years of Accounting experience, specifically in Investment Accounting, SEC reporting; Experience with accounting and financial systems, preferably Oracle, knowledge of Microsoft Office suitePrior supervisory experience is required.Knowledge of Financial Services Industry, Consolidation and Fair Value guidance is preferred.Must have a solid understanding of accounting and financial principles and be able to apply these principles to technical accounting issues. Skills / Other Personal Attributes Required Must have demonstrated ability to manage and lead multiple projects concurrently.Prior supervisory experience is required.Strong verbal and written communication skills necessary to interact effectively with a variety of individuals including senior financial management, auditors, third party financial statement preparers and portfolio management.Must demonstrate strong analytical skills and be proficient in reviewing financial data.Must have the ability to manage multiple projects, delegate work, prioritize work, meet deadlines and concentrate on detailed information.Must be able to utilize computer equipment and software, specifically spreadsheet applications.The ability to cooperate in a team environment is critical.
Degree: MBA/ PGDM

Additional Degree: B.Com. (Commerce)

Experience: 6-8


Audit & Risk | Chartered Accountant/CPA | Cost Accounting/ ICWA | Taxation
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