Fund Accountant - CLO

Duties & Responsibilities

This role will provide support of day-to-day operational/client service activities while effectively monitoring daily receivables, journal posting, cash reconciliation, and fund position tracking. In addition, will be working along management and technical staff to identify business solutions for changes to business processes, policies, and systems.

• Provide day-to-day support to existing institutional/corporate trust accounts including billing for administrative fees, recommending fee increases, facilitating transaction closing, handling cash and investment transactions, monitoring cash activities and compliance items, providing debt service calculations, executing payment generation and follow-up
• Perform daily cash application and collateral position reconciliation
• 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
• Assist with global asset setup and maintenance
• Assist operational group to ensure cash processing and procedures fit within any new products the team onboards
• Perform trade and wire processing for daily trading activity
• Support the Relationship Manager with oversight of client relationships
• Participate in cross-training to learn other Corporate Trust roles and provide support, as needed
• 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)
• Other duties as assigned

Knowledge & Skills

MINIMUM:

• 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

PREFERRED:

• Advanced MS Excel
• Understanding of credit products and markets
• Strong data reconciliation skills

Requirements

MINIMUM:

• Bachelor's degree with finance focus (business admin, finance) or equivalent work experience
• Certified Corporate Trust Specialist (CCTS) or Corporate Trust Master Certification (CTMC)
• 4+ years of experience in the broadly syndicated and/or private credit loan market, or relevant experience

Work Environment: Typical Office environment

Supervision/Management: No direct management accountabilities

Compensation Range:

The posted compensation range on this listing represents UMB’s good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.

Are you ready to be part of something more?
You're more than a means to an end—a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.

UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to View email address on aiapply.co to let us know the nature of your request.

If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.