Investment Company Accountant

Investment Company Accountant

In this role as an Investment Company Accountant, you will be responsible for:

• Examining, analyzing, and evaluating financial statements, disclosure, and other financial information included in filings made by registered investment companies (RICs) and business development companies (BDCs) and determining whether these items fully and fairly reflect financial condition and operating results considering U.S. Generally Accepted Accounting Principles (GAAP) requirements and applicable to investment companies under FASB Accounting Standards Codification Topic 946 Investment Companies (ASC 946) as well as Regulation S-X and other applicable requirements and guidelines.
• Performing research, data analysis, or targeted reviews of financial statements relevant to current initiatives and market events, trends, or conditions utilizing monitoring and data analysis tools to identify financial reporting issues, valuation or other measurement outliers, potential disclosure deficiencies, or other key metrics for evaluation of disclosure compliance by RICs and BDCs. Preparing memoranda and reports summarizing the results of such examinations and analysis, citing material deficiencies, and communicating and resolving such deficiencies directly with registrants, their counsel, or their accountants.
• Reviewing new registration statements for financial reporting and disclosure compliance, including application of GAAP, particularly with emerging asset classes or unique strategies that may have complex accounting concepts. Additionally, involved in the review of financial information for other registration statements, including those made in connection with investment company mergers and acquisitions.
• Participating in external discussions with registrants, their counsel, accountants, independent auditors, and other experts representing registrants with respect to accounting, auditing, or financial reporting matters raised in review of RIC and BDC filings.
• Participating in internal discussions with the Chief Accountant, Disclosure Assistant Directors, and other staff within the Division and throughout the Commission with respect to, among other things:
• Technical accounting, auditing, or financial reporting concerns arising in the examination and analysis of financial information contained within RIC and BDC filings; and
• Significant or unusual accounting, auditing, or financial reporting concerns regarding emerging asset classes, including hard to value assets, unique derivative instruments, and new or innovative investments, like those in the fintech space, and other novel strategies employed by RICs and BDCs; and
• At times, may be requested to present on accounting topics relevant to RICs or BDCs to staff within the Division or to others throughout the Commission.