Investment Accountant Job at State of Washington State Investment Board
Description
This recruitment will remain open until filled. The WSIB may make a hiring decision at any time. It is in the candidate’s best interest to apply early.
ABOUT THE WSIB:
The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $182 billion in assets under management. The WSIB's globally diversified portfolios are comprised of more than 17,000 holdings across 93 countries on 6 continents and in 52 currencies. The WSIB's central mandate is to maximize return at a prudent level of risk.
The WSIB manages investments for 17 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. We also manage investments for several other important public funds that benefit Washington’s industrial insurance program, colleges and universities, and developmental disability programs. The WSIB’s excellent investment performance dramatically contributes to the state’s bottom line by earning the lion’s share of money needed to cover state pension benefits.
To learn more about the WSIB, please visit our website at sib.wa.gov and follow us on LinkedIn.
The WSIB is seeking candidates for an Investment Accountant in the Investment Accounting and Administration Unit. This is a full-time position, exempt from Civil Service rules. This position focuses on private market investments, cash management, and reconciliation functions. The position requires a complete understanding of critical unit duties such as daily cash movement, capital call and distribution processing, cash projections for trading support, stakeholder requests, and complex investment reconciliation and reporting processes. This position is anticipated to perform work in a hybrid format, working in the office and remotely.
The position requires an ability to identify, correct, and communicate errors, and a thorough understanding of all complex processing and trade systems impacted. The duties of this position have a direct impact on the daily investment decisions made by investment staff and external managers. The position supports the agency’s mission to invest with integrity, prudence, and skill to meet the financial objectives of those we serve by ensuring the investment portfolio is accounted for in compliance with state law, applicable accounting standards, and industry best practice.
Duties
PRINCIPAL RESPONSIBILITIES:
Monitors the group inbox for capital call and distribution notices from partners.- Verifies cash received at custody and collaborates with peers to input entries into our electronic cash flow module system.
- Understands various types of complicated investment vehicles and cash flow classifications for private equity, real estate, and tangible assets.
- Prepares monthly reconciliations of market value, cost, and cash flows/classifications for the alternative asset funds between the Investment Accounting system, the Custodial Bank, and the private assets book of record.
- Analyzes and prepares monthly transactions and compiles stakeholder reporting while demonstrating a keen attention to detail and accuracy.
- Collaborates with peers to prepare the daily cash projections used by investment staff and external managers for asset allocation and trading decisions.
- Assists the management team in the development and review of the annual financial statements and plays a key role in the closing fiscal year end postings, reconciliations, and reporting.
- Provides back-up to other principal tasks in the unit.
Qualifications
MINIMUM QUALIFICATIONS:
- Bachelor’s degree in accounting, finance, or closely allied field.
- 2 years of relevant experience.
- Intermediate to advanced Excel skills.
DESIRED QUALIFICATIONS:
-
Investment accounting experience.
- Professional accounting experience.
- Cash management experience.
- Knowledge of Governmental Accounting Principles, investment accounting practices and operational guidelines, and investment operations best practices.
- Experience – Diverse experience in accounting and financial reporting with strong project management skills including complex accounting systems and processes, back-office services of a custodian bank or institutional or other investor and designing and implementing process improvements within an accounting department.
- Analytical Skills – Ability to comprehend and execute highly technical and complicated information and instructions, understand the impact of transactions that interface with various systems and processes outside the unit.
- Communication Skills – Communicate effectively, both orally and in writing, across all levels of the agency and external entities such as consultants, stakeholders, third party record keepers, custodian bank, and external investment managers.
- Collaboration – Ability to collaborate across functional areas and teams for the purposes of cross training, skill development, and unit coverage.
- Computer Skills – Intermediate to advanced Excel skills and experience with complex financial processing systems.
- Financial Market Knowledge – Ability to comprehend and/or the desire to learn about financial markets and how they impact our work.
If your experience looks a little different from what we’ve identified and you think you can be successful, please address this in your cover letter.
Supplemental Information
In addition to a complete profile, please include:
-
A cover letter specifying why this position is of interest to you and how you meet the qualifications listed above. This letter should be no more than two pages.
-
A current chronological resume.
-
A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.
The initial screening will be based on the content and completeness of your application and the materials submitted. Failure to follow the application instructions may lead to disqualification. All information may be verified, and documentation may be required.
Per Governor Inslee’s Proclamation 21-14 (Download PDF reader) (Download PDF reader), state employees must be fully vaccinated. Your vaccine status will be verified after an employment offer has been accepted. Please reach out to the HR@sib.wa.gov if you need information on medical or religious accommodation.
BACKGROUND CHECK:
Prior to a new hire, a background check including education verification, credit check, and criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining applicant’s suitability and competence to perform in the position.
AT THE WSIB...
You’ll experience true work-life balance and talented, passionate co-workers focused on maximizing the investment returns for the exclusive benefit of the beneficiaries. The WSIB is a respected institutional investor and thought leader in its industry and we value diverse perspectives and life experiences. The WSIB is supportive of an H1B Sponsorship.
The WSIB is an equal opportunity employer. Women, people of color and those representing diverse ethnicities, persons of disability, persons over 40 years of age, veterans, military spouses or people with military status, and people of all sexual orientations and gender identities are encouraged to apply.
Employees may be eligible for the following benefits:
Medical, Dental, and Vision for employee & dependents, Public Employees Retirement System (PERS), Vacation, Sick, and other Leave, 11 Paid Holidays and 1 Personal Holiday per year, Public Service Loan Forgiveness, Long Term Disability & Life Insurance, Deferred Compensation Programs, Dependent Care Assistance Program (DCAP), Flexible Spending Arrangement (FSA), Employee Assistance Program, Commute Trip Reduction Incentives, professional development opportunities, flexible work schedules, and participation in the Combined Fund Drive and SmartHealth.
An overview of benefits of state employment and WSIB specifically can also be found on our (Download PDF reader)website (Download PDF reader).
The WSIB is committed to the full inclusion of all qualified individuals. As part of this commitment, the WSIB will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@sib.wa.gov.
Please Note :
www.bankofmontserrat.ms is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, www.bankofmontserrat.ms provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.