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UMB Bank

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Senior Fund Accountant – CLO

AccountantAccountantFull TimeRemoteSeniorTeam 1,001-5,000Since 1913H1B SponsorCompany SiteLinkedIn

Location

California + 14 moreAll locations: California | Colorado | Connecticut | District Of Columbia | Illinois | New Jersey | New York | Maryland | Massachusetts | Minnesota | Pennsylvania | Rhode Island | Texas | Washington | Wisconsin

Posted

11 days ago

Salary

$69.9K - $109.5K / year

Seniority

Senior

Bachelor Degree6 yrs expEnglish

Job Description

Senior Fund Accountant – CLO

UMB Bank

• Provide support of day to day operational/client service activities while effectively monitoring daily receivables, journal posting, cash reconciliation, fund position tracking • Identify business solutions for changes to business processes, policies, and systems • Resolve the most complex issues for high-profile clients and deal structures • Provide day-to-day support to existing institutional/corporate trust accounts including billing for administrative fees, recommending fee increases, facilitating transaction closing • Handle cash and investment transactions, monitoring cash activities and compliance items, providing debt service calculations, executing payment generation and follow-up • Responsible for accurate/timely setup or delegation to associates of issues on all systems, preparing accounts for compliance review and responding appropriately to compliance exceptions • Review deal documents alongside Relationship Managers to ensure operational mechanics are appropriate • Assist operational group to ensure cash processing and procedures fit within any new products the team onboards • Develop and lead trainings related to Corporate Trust products and services • Actively participate as a subject matter expert for ongoing projects and system testing • Participate in cross-training to learn other Corporate Trust roles and provide support as needed • Provide indirect management of junior fund accountants • Work with business solutions team to document business requirements for system and process improvement • Organize and oversee team testing methodology for test scripts and appropriate full-cycle testing (unit, integration, system, and QA)

Job Requirements

  • Bachelor's degree with finance focus (business admin, finance) or equivalent work experience
  • 6+ years of experience in the broadly syndicated and/or private credit loan market, or relevant experience
  • Certified Corporate Trust Specialist (CCTS) or Corporate Trust Master Certification (CTMC) is preferred
  • Deep understanding of corporate bank loans
  • Experience working with various structures of bank debt including CLOs, Interval funds, ABLs, Private debt
  • Deep understanding of full trade cycle including settlements, closings, loan administration, loan agency
  • Demonstrates strong client relationship management skills
  • Demonstrates ability to provide positive client experience through a variety of methods including associate engagement, technology, workflows, and processing
  • Demonstrates ability to manage multiple projects and timelines
  • Demonstrates exceptional written and verbal communication skills with attention to detail
  • Demonstrates strong operational knowledge of Corporate Trust processes and procedures

Benefits

  • Paid Time Off
  • 401(k) matching program
  • Annual incentive pay
  • Paid holidays
  • Comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
  • Health savings, flexible spending, and dependent care accounts
  • Adoption assistance
  • Employee assistance program
  • Fitness reimbursement
  • Tuition reimbursement
  • Associate wellbeing program
  • Associate emergency fund
  • Various associate banking benefits

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