Investment Accountant

Position Summary

The Investment Accountant is an integral part of the Finance team and assists in accounting for the investments of Helmsley's endowment of approximately $7.6 billion. This role requires a partnership philosophy with Helmsley's internal and external parties. The Investment Accountant reports to the Tax and Investment Accounting Manager.

Essential Duties and Responsibilities

Investment Accounting and Investment Administration

• Ensure that Helmsley's financial controls, investment accounting policies and procedures are maintained and enhanced.
• Ensure accurate and timely processing and accounting of investment transactions, including:
  
  • Settlement of trades
  • Monitoring movement of securities
  • Cash and position reconciliations, accruals, etc.,
  • Execution of capital calls, receipt of distributions, and other capital activities
  • Monthly/quarterly management fee analysis and payment
  • Preparation of accounting and tax journal entries
  • Other shadow accounting activities as appropriate
• Stay current with evolving accounting, technology, and reporting considerations of investment products.
• Manage cash flow forecasting and analyses to ensure sufficient liquidity to meet grantmaking, operational and strategic funding requirements.
• Manage dynamic interaction and cooperation with Investments Department.
• Perform as primary contact for relationship and collaboration of investment administration with Master Custodian Bank to ensure smooth operations and timely resolution of issues.
• Prepare annual financial audit workpapers and act as liaison with outside auditors on investment accounting matters.

Tax Matters

• Analyze Schedules K-1.
• Prepare tax workpapers.
• Review foreign filings.

Desired Qualifications

• Bachelor's degree in accounting or related experience. CPA preferred.
• Minimum 3 years of experience applying accounting principles to investment accounting for all types of securities and alternative investments at an investment firm or endowment.
• Flexibility and adaptability commensurate with working in a fast-paced environment.
• Experience with Microsoft Office Suite, corporate enterprise-wide accounting software and ability to adapt to new systems.
• Prior experience with master custodial banks.
• Strong planning, organization, and time management skills, and ability to meet deadlines.
• Meticulous attention to detail.
• Must be able to maintain confidentiality of financial information.
• Excellent written and oral communication skills, including the ability to convey relevant financial information in a clear, concise manner to a non-technical audience.
• Must thrive in a team-setting but work well independently and self-sufficiently.
• Positive attitude under pressure.

Salary, Health, Well-being, and Living Our Mission

Helmsley is committed to offering competitive and equitable compensation commensurate with experience. The targeted starting salary range for this position is $98,000 - $102,800.

Comprehensive benefits currently offered to employees (subject to change) include:

• Employer-paid medical, dental, and vision for employees and their families
• Generous 401(k) employer contribution
• Hybrid work schedule (up to two remote days a week)
• 23+ paid vacation and sick days
• 13+ paid holidays
• End of year office closure
• Summer Fridays
• Tuition reimbursement
• Personal and team professional development opportunities

Application Information

To apply for this position, please submit a cover letter and resume (in Word or PDF format) to the posting listed on the Helmsley Career Page. If a reasonable accommodation is needed to participate in the job application process, please contact [redacted].

The position is based at Helmsley's main office in New York City. Only those selected for an interview will be contacted.

Helmsley currently permits a hybrid schedule requiring employees to work onsite in-office [at least] 3 days per week and 2 days remote with specific schedules determined by manager. The ability to work onsite and collaborate in person with colleagues at Helmsley's office is an essential function of this job.

The above statements are intended to describe the general nature and level of work being performed by the incumbent(s) of this job. They are not intended to be an exhaustive list of all responsibilities and activities required for the position. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.