UMB Bank Fund Accountant III-Alt Inv in Chadds Ford, Pennsylvania

What You'll Do:

Independently utilizes generally accepted accounting principles to assist in accounting, pricing, and reconciliation for multiple alternative investment funds.

  • Perform general ledger accounting functions ensuring compliance with all accounting policies and procedures and in accordance with applicable rules and regulations such as SEC, IRS and GAAP.

  • Develop and maintain a strong relationship with the clients and other professional firms (such as auditors) with whom the clients conduct business.

  • Prepare preliminary and final trial balances and net asset value for funds and provide for review.

  • Monitor and review cash settlements, investor activity, interest, dividend payments, and other cash items to ensure that outstanding issues are being addressed and elevated to the appropriate level.

  • Enter trade information as needed, to reflect current positions in each fund's portfolio.

  • Maintain monthly audit and expense analysis schedules to support year-end audits and financial statement preparation.

  • Price securities, as required, in accordance with the fund's Offering Memorandum (OM).

  • Identify, investigate and report pricing issues to Senior Fund Accountant, Lead Fund Accountant, and/or Manager.

  • Reconcile accounts and resolve all exceptions on a daily, weekly and monthly basis. Report information to: clients, brokers, and accounting systems.

  • Prepare expense accrual analysis

  • Prepare financial reports to ensure that the income has been allocated correctly in accordance with the fund's documents.

  • Prepare financial reports ensuring that the management and incentive fees have been calculated and allocated correctly in accordance with the fund's documents.

  • Prepare and distribute the financial statements, investor reports and other client reports. Schedules to include the balance sheet, income statement, statement of cash flows, financial highlights and accompanying notes.

  • Calculate and present for final review, to the Senior Fund Accountant, Lead Fund Accountant, and/or Manager, the monthly financial package and net asset value of the fund.

  • Prepare the quarterly regulatory filings, such as N-Q, N-CSR etc., where applicable

  • Utilize general working knowledge of alternative investment funds.

  • Other duties as assigned.

Culture of Diversity and Inclusion: We are committed to building a strong UMB by hiring talented, high-performing associates with diverse backgrounds. Maybe you simply want to work at a company where you have a voice and an opportunity to share your unique ideas.

Please visit us at to view a list of all available opportunities. UMB is an Equal Opportunity Employer. Principals only. No 3rd parties or agencies, please.

In this Role, You will Need:

  • Strong analytical and organizational skills with good attention to detail.

  • Moderate Microsoft Office skills with advanced Excel skills. Demonstrated aptitude and experience with in-house software.

  • Exhibit initiative in a high performing culture and demonstrate a desire to meet or beat deadlines.

  • Demonstrates good work habits and attendance and models policies and procedures.


We strive to deliver the unparalleled customer experience, and show customers they can count on more from UMB. The same is true for our associates. You can count on more benefits, more training, more support, and more opportunity!

What you'll get:

Unique Benefit Programs : We offer a great benefits package including several unique programs like an incentive-based wellness program, parental leave, adoption assistance and health care for you, your spouse or domestic partner, your dependents and even your pets!!

Community Involvement: Giving back is a big part of who we are! We support several great causes throughout the UMB footprint. We even offer Volunteer Time Off, which allows associates to dedicate 16 hours a year to a worthy cause of their choice.

Professional Development: We provide our associates with the tools they need to support their career goals - including training, tuition reimbursement and career guidance.

Who You Are:

  • Bachelor's Degree in Accounting or Finance.

  • Three (3) years of fund accounting experience.

Job Title:

Fund Accountant-Alternative Investments

Work Schedule:

Monday-Friday: 8:00am-5:00pm


223 Wilmington West Chester Pike

Division Name:

Institutional Banking

Requisition Number:



Chadds Ford


Full Time