Investment Accountant - Now Hiring

ADP is hiring an Investment Accountant.

• Are you an experienced accountant, highly skilled in investments and securities?
• Are you looking to join a dynamic, inclusive team environment with a culture of collaboration and belonging?

 Well, this may be the role for you.

As Investment Accountant, you will play an important role in managing ADP client and corporate funds. You will provide back-office investment and accounting support including:  creating morning investment and borrowing positions for portfolio mangers; daily trade settlements with custodian banks, preparation of wire transfers; accounts payable; performing monthly accounting entries, and assisting in the month-end close process, including preparing investment rollforwards, and other month-end reconciliations.

Like what you see? Apply now!

Learn more about ADP at tech.adp.com/careers

A little about ADP: We are a global leader in HR technology, offering the latest AI and machine learning-enhanced payroll, tax, HR, benefits, and much more. We believe our people make all the difference in cultivating an inclusive, down-to-earth culture that welcomes ideas, encourages innovation, and values belonging. ADP has a deep commitment to diversity, equity, and inclusion as a global Best Places to Work, DiversityInc® Top 50 Company, Best CEO and company for women, LGBTQ+, multicultural talent, and more. Learn more about ADP's commitment on our YouTube channel:

What you’ll do:

Here’s what you can expect on a typical day:

• Prepare daily investment or borrowing position, as well as daily positions for U.S., Canadian, and U.K. portfolios (on a rotational basis) averaging about $33B, which require accurate and timely presentation to portfolio managers and Corporate Treasury department each morning. Cash positions include beginning cash balance, cash transfers, maturities, coupon payments, corporate actions, sales, purchases, paydowns of mortgage- and asset-backed securities and other miscellaneous items. Communicate with various groups throughout the day and provide updates to key stakeholders regarding changes to cash transfers from our client funds activity.
• Daily trade settlements with custodian bank – ensure that trades entered into the investment system are fed into the custodian bank system and monitor settlement process throughout the day. Investigate and resolve trade differences as they arise by communicating with brokers and custodian bank.
• Initiate wires transfers utilizing the bank online portals and approve and release repetitive wire transfer payments.
• Assist with month-end close process including preparation of certain monthly journal entries, investment rollforwards, checking account reconciliations and expense analysis.
• Assist with cash reconciliations, including investigating and resolving coupon payment and other differences.
• Accounts Payable – input invoices into the accounts payable system on a periodic basis and create a list of checks to be paid on a weekly basis. Monitor the expense trend and ensure adequate liquidity to fund the disbursements.
• Prepare custody reconciliations on a monthly basis and research and resolve any discrepancies.
• Coordinate investment account opening application with ADP legal and investment counterparties.
• Maintain files of board minutes and other broker/legal documentation.
• Assist with preparation of annual tax package.
• Assist with providing information for internal and external auditors.
• Assist with office administration duties as needed
• Act as back–up in the duties of other associates, in the event of absence of other team members.
• Assist with preparation (serve as back-up) of weekly investment dashboard for ADP senior executives
• Update share repurchase database.

Experience. You have 3-5 years of experience in relevant skills gained and developed in an Investment Account or similar role.  Experience at a Big 4 accounting firm will provide extra comfortability.

TO SUCCEED IN THIS ROLE:

• You will have a Bachelor’s degree in Accounting, Finance, or equivalent.  Licensed CPA or working towards licence will allow additional comfortability in the role.
• Experience with investment accounting systems.
• Strong internal controls mindset (ability to identify and close control gaps and/or issues)
• Outstanding organizational and time management skills.  Must work well under pressure.
• High degree of professionalism and accountability.
• Proven ability to prioritize multiple projects.
• Strong communication skills.

YOU'LL LOVE WORKING HERE BECAUSE YOU CAN:

• Have courageous team collaboration. Courage comes from how associates are willing to have difficult conversations, speak up, be an owner, and challenge one another's ideas to net out the best solution.
• Be surrounded by curious learners. We align ourselves with other smart people in an environment where we grow and elevate one another to the next level. We encourage our associates to listen, stay agile, and learn from mistakes.
• Act like an owner & doer. Mission-driven and committed to leading change, you will be encouraged to take on any challenge and solve complex problems. No tasks are beneath or too great for us. We are hands-on and willing to master our craft.
• Give back to others. Always do the right thing for our clients and our community and humbly give back to the community where we live and work. Support our associates in times of need through ADP's Philanthropic Foundation.
• Join a company committed to equality and equity. Our goal is to impact lasting change through our actions.

What are you waiting for? Apply today!

Find out why people come to ADP and why they stay:

(ADA version: )

Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP is committed to an inclusive, diverse and equitable workplace, and is further committed to providing equal employment opportunities regardless of any protected characteristic including: race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, protected veteran status or disability. Hiring decisions are based upon ADP’s operating needs, and applicant merit including, but not limited to, qualifications, experience, ability, availability, cooperation, and job performance.

Ethics at ADP: ADP has a long, proud history of conducting business with the highest ethical standards and full compliance with all applicable laws. We also expect our people to uphold our values with the highest level of integrity and behave in a manner that fosters an honest and respectful workplace. Click to learn more about ADP’s culture and our full set of values.