Managing Director, Head of Fund Accounting

The Managing Director, Head of Fund Accounting provides strategic oversight and direction to the Fund Accounting Department. Direct reports include SVPs and may include VPs. The ability to provide strong leadership, vision, and technical guidance to executive management as well as to the overall department is essential. Mastery of complex accounting skills is also required. This position serves as a resource across teams and functional areas, providing guidance, coaching, training and support as needed.

Key Accountabilities

• Strong leadership skills over fund accounting operations, ensuring the work quality and overall client satisfaction is high.
• Drive technical and developmental training initiatives; demonstrate ability with fund accounting concepts at a high level required.
• Partner with business development in sales presentations for new business opportunities including identifying new service opportunities to expand the firm’s service offerings
• Drives continuous improvement in the operating model including technology opportunities such as Artificial Intelligence
• Engage in industry associations and events to stay current on regulations, the market place and the competitive landscape

Strategic Planning

• Provides leadership and consulting support to company executives and management on matters of people management, goal setting, policy development, and strategic implementation in support of achieving corporate objectives and business growth.
• Develops and executes the annual Strategic Plan and communicates said Plan to the department; participates in daily, monthly, and quarterly meetings with executive management regarding department issues.
• Conceptualizes and implements initiatives to support business objectives.
• Ensures department resources are adequate for complete and timely reporting to clients and NASDAQ and in accordance with existing quality and quantity standards, policies, and procedures.
• Works with the Executive team to establish long-range goals, strategies, plans, and policies and reviews suggested implementation for system upgrades.
• Identifies ways to make the team more efficient; recommends fund allocations, process changes, etc.; Ensures the training team has the tools and resources necessary to increase the overall knowledge of the department.

Compliance

• Reviews compliance with various regulatory restrictions and recommends changes to accounting procedures.
• Coordinates the disaster recovery efforts for the department.
• Provides guidance and support to independent SOC1 audits by performing research, pulling documentation, answering questions, and coordinating the teams’ input.
• Reviews operational controls for adequacy, compliance, and integrity of data; updates documents and communicates procedural changes to the department.

Personal Management

• Oversees the management of associates within the department including, but not limited to, holding managers accountable for hiring, training, and developing associates, delegating work assignments, writing, and conducting performance appraisals, salary recommendations, coaching and counseling, and administering corrective actions.
• Conducts one-on-one and team meetings on a regular basis to discuss new procedures, problems, and issues.
• Establishes team and individual goals for department.
• Fosters performance of managers and associates and the processes used by them; holds the team accountable for their work.

Working Relationships

• Communicates changes and company information via small and large group meetings.
• Mentors through instruction, coaching, providing real-time on-the-job experiences, modeling effective practices, and advising on methods used.
• Oversees the management of client requests and ensures the needs of clients are met.
• Communicates as needed with fund administration, transfer agency, and funds’ custodian regarding fund accounting-related activities. May perform other duties as requested and assigned.

Knowledge

• Fund accounting technical expertise
• Accounting and finance principles.
• Complex asset types such as derivatives, bank loans, private assets.
• Financial industry terminology.
• Microsoft Office Suite.
• Adobe Acrobat.

Skills and Abilities

• Strategic thinking skills.
• Advocates for change.
• Provides ideas for change to solve department level issues.
• Identifies ways to make the team more efficient; drives continuous improvement culture across the department.
• Communicates ideas and drives the development of the department.
• Aligns the department with company values and goals.
• Plans and delegates the work of others.
• Motivates and inspires others.
• Assesses the performance of self and associates to make improvements or take corrective action.
• Plans and develops systems and procedures to improve operating quality and efficiency of department in accordance with company policies and procedures.
• Troubleshoots issues utilizing creative and critical thinking skills. Multitasking, analytical, and organizational skills.
• Initiative-taking, strategic, and meticulous approaches with a strong commitment to quality, efficiency, and effectiveness.
• Demonstrates personal integrity, responsibility, and accountability.
• Effectively uses resources such as time and information in conjunction with associates. Participates in solving problems and making decisions.
• Presents and expresses ideas and information, written and oral, clearly, and concisely.
• Actively listens to others to achieve understanding and supports an open exchange of ideas and information. Identifies needs, arranges for, and obtains resources to accomplish individual and department goals.
• Establishes and develops effective working relationships with associates and clientele during both favorable and unfavorable situations.
• Modifies team and individual priorities and deadlines in response to added information, changing conditions, or unexpected obstacles and ensures completion.

Education and Experience

• Bachelor’s degree or equivalent.
• 15+ years of experience in a related field.
• 10+ years in strategic senior leadership roles.
• Equivalent education, experience, and KSA’s will be considered.

Physical and Other Requirements

• At times, as business needs arise, associates are required and agree to work beyond their normal workday or work week to fulfill the accountabilities required for their job.
• The physical requirements described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. o The associate is regularly required to sit and stand.
  • The associate must occasionally lift and/or move up to 10lbs.
  • Specific vision abilities are required within this position.
  • Occasional travel (approximately 10% or less) may be required in this position.
• Reasonable accommodation may be made to enable associates to perform the essential functions.

Ultimus is an equal opportunity employer and does not discriminate on the basis of the applicant’s or employee’s race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.