Investment Accounting Manager

Job Title

Investment Accounting Manager

Banesco USA is seeking an Investment Accounting Manager for our Finance Business Unit.

Primary Job Duties:

• Oversee all aspects of the investment accounting process, including trades settlements, recordkeeping, and valuation.
• Prepare accurate and timely journal entries for investment transactions, including purchases, sales, maturities, interest accruals, and fair value adjustments following GAAP and regulatory requirements.
• Assemble and maintain the Investment Accounting Procedures manual to ensure documentation is current and properly maintained
• Manage the investment accounting system, ensuring its accuracy and integrity.
• Reconcile investment accounts monthly and perform other reconciliations as needed, ensuring accuracy and completeness.
• Monitor and analyze investment portfolio performance, preparing monthly, quarterly, and annual financial reports related to investments.
• Support Treasury with investments activities: wire transfers, trade settlements and confirmation, margin calls, FED and other Banks securities transfers, and other activities
• Review all reconciliations to ensure all items are being researched & cleared timely.
• Stay abreast of relevant accounting standards (FASB) and regulatory requirements (FINRA, SEC) for investment accounting.
• Prepare and submit regulatory reports in a timely and accurate manner. Review or prepare monthly, quarterly, or yearly investment related information and reports as required.
• Assist the Controller with audits and examinations related to the investment portfolio.
• Book FX and derivatives transactions and ensure they are recorded properly and accurately. Clear pending items to ensure client's accounts are affected properly.
• Participate in the bank's month-end and year-end closing processes.
• Identify and implement process improvements to enhance efficiency and accuracy.
• Maintain strong internal controls over the investment accounting function.
• Responsible for completing annual training program assigned.
• Performs other functions and/or duties as assigned.

Job Requirements:

• Education: Bachelor's degree in Accounting, Finance, or a related field; CPA or CFA certification preferred.
• Experience: Minimum of five (5) years of experience in investment accounting or financial reporting, preferably within the banking or financial services industry.
• Strong knowledge of GAAP, regulatory requirements, and financial reporting standards.
• Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.)
• Must be bilingual in both English and Spanish. Ability to fluently speak, understand, read, and write both languages.
• Strong verbal and written communication skills, ability to communicate at all levels of the organization.
• Strong attention to detail and accuracy.
• Ability to multi-task, with strong organization, time-management, and prioritizing skills.
• Strong customer service skills, ensuring the satisfaction of internal customers.
• Intermediate knowledge of related State and Federal banking compliance regulations and operational policies.
• Ability to understand and comprehend instructions, procedures, and policies ensuring compliance with the Bank's policies and procedures.
• Problem-solving and analytical skills to identify problems.

Benefits:

• Competitive Salary.
• PTO
• Hybrid Work Model (remote and on-site work)
• Tuition Reimbursement.
• Paid Parental Leave
• Medical, Dental, Vision
• 401k
• Life Insurance
• Supplemental Insurances
• Short-Term & Long-Term Disability

About Us:

Banesco USA is part of Banesco International, a worldwide group of financial institutions with a presence in 15 countries.

As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today's world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world.

Our actions are rooted in our Values: Reliability, Responsibility, Quality, and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark.

At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.

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