Mutual of America
Job Title: Lead Financial Reporting Analyst (Fund Accounting Experience Required)
Location: New York, NY (Hybrid)
Who We Are:
At Mutual of America Financial Group, we help people build the assets they need to achieve greater financial security. Our Company is built upon a solid foundation of integrity, excellence, and social responsibility. Since 1945, we have specialized in providing small and mid-sized not-for-profit organizations and companies with pension and retirement-related services, along with leading customer support. We work diligently to understand the needs of plan sponsors. We provide them with competitively priced solutions so they can help their employees achieve their financial savings goals.
We are committed to bringing talented and motivated people together to help our customers achieve a financially secure future.
Role Summary:
In this Lead Financial Reporting Analyst role, there is a focus on SEC reporting at Mutual of America (MoA). You will play a critical role in overseeing the accounting operations of our MoA Funds and Separate Account Funds. You will ensure accurate and timely financial reporting in compliance with SEC regulations and standards. This position requires a strong background in fund accounting, SEC reporting, and a thorough understanding of the financial services industry, specifically related to retirement plans and investment funds.
Responsibilities:
- Responsible for the preparation, analysis, and distribution of monthly, quarterly, and year-end financial reports for our MoA Funds and Separate Account funds, ensuring accuracy, timeliness, and compliance with SEC and other regulatory requirements. This includes:
- Preparing and reviewing SEC filings on a GAAP basis and Greenbook filings along with preparing related footnote disclosures and financial information for Prospectus.
- Assisting in maintaining footnote support for annual audited financial statements and all other external reporting requirements (SEC/Audited FS).
- Internal and External Reporting Consistency: Collaborate with the financial reporting team to ensure alignment between internal and external reporting, maintaining consistency and accuracy.
- Coordinate and oversee the preparation and filing of all SEC reports (e.g., NPORT, NCEN, N-CSR, N30-D, 40-17G and N-MFP) for MoA Funds and Separate Account Funds.
- Conduct in-depth analysis of month-end financial results, identifying and explaining variances in key financial metrics. This includes:
- Calculating and reviewing monthly estimates and final Fund NAV’s, analyzing NAV reconciliations with various third-party administrators (Clearwater, FTJ, FIS OMNI Trade) and custodians (BBH, MATC)
- Reviewing and reconciling the calculation of and pay management and performance fees
- Reviewing and reconciling capital statements and activity files generated by third-party administrators and outsourced service providers
- Reconciling cash and asset variances between the General Ledger and external third-party reports on a monthly basis and resolving discrepancies
- Analyzing drivers behind monthly fluctuations and providing insightful commentary to management.
- Ensuring the completion of month-end closing tasks, including preparing monthly journal entries for separate account funds, complete with supporting documentation and any regulatory compliance checks within established close deadlines.
- Lead in establishing and documenting internal controls and procedures to safeguard the integrity of financial data and compliance with relevant laws and regulations.
- Collaborate with internal teams, including investment accounting, operational accounting, legal and compliance, and external auditors, to ensure the integrity of financial data and the efficiency of reporting processes.
- Assist and oversee the coordination of key strategic initiatives for the Financial Reporting department, including (but not limited to):
- Researching and implementing automation solutions to replace manual data entry and report generation tasks, enhancing accuracy and efficiency.
- Assisting in the integration of new financial software systems that could streamline data collection, reporting, and compliance checks.
- Developing, standardizing, and streamlining supporting workpapers to enhance reporting processes.
- Identifying opportunities for process improvement, implementing best practices to enhance reporting efficiency and accuracy.
- Ensure adherence to all regulatory requirements related to financial reporting by staying abreast of changes in SEC regulations and accounting standards affecting fund accounting and reporting, advising management on the implications and necessary actions.
Required Qualifications:
- Bachelor’s degree in accounting or finance
- Minimum of 5 years of experience in fund accounting, with a specific focus on SEC reporting, or audit experience in public or private accounting
- Strong understanding of SEC regulatory filings for investment funds
- Excellent analytical, technical, and communication skills
- Able to multi-task and effectively manage their own time.
- Excellent communication and interpersonal skills, with the ability to work effectively with all levels of staff and management.
- Demonstrated leadership capabilities and a history of process improvement implementations.
Preferred Qualifications:
- Proficient in financial reporting systems (NetSuite, Clearwater) and software used in the investment and fund accounting industry.
What we offer you:
- Competitive base salary
- Annual Bonus
- Comprehensive Benefits Package (medical, dental, and vision) that starts day one of employment
- 401(k) Match: You will be eligible to receive up to 9% of your pay (salary and incentive compensation) in company contributions. A non-elective employer contribution of 3%, plus a 100% employer match on employee contributions of up to 6% of pay.
- Parental Leave: 8 weeks fully paid
- Paid time off: 20 days plus two floating personal holidays
The salary range below describes the minimum to maximum base salary range for this role. The role is also eligible for an annual bonus, whereby total compensation may exceed this range depending on individual and/or company performance.
Base Salary Range:
$110,000 - $165,000
Visit www.mutualofamerica.com/careers for additional details about life at Mutual of America. You can also follow us on Twitter: @mutualofamerica | Facebook: @mutualofamerica
Mutual of America Financial Group provides equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, or any other classification prohibited by applicable law. #LI-JB1
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