Fund Accountant

Recruiter
Lazard
Location
New York, USA
Salary
Competitive
Posted
23 Apr 2023
Closes
17 May 2023
Ref
19154632
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Lazard is one of the world's leading financial advisory and asset management firms. Our people make the difference. With just over 3,000 employees, our tight-knit community allows for professionals eager to learn and willing to teach to connect and grow together. We believe that diversity, equity, inclusion, and allyship are not just business imperatives - they are central pillars of our employee experience. Our entrepreneurial culture and flat structure allow creative ideas and original concepts to drive our business forward - and for careers to take flight.

Many of the world's leading investors - from individuals to institutions across the globe - have entrusted Lazard Asset Management. We pride ourselves in uncovering the best investment opportunities for our clients. The purpose of our asset management business is to help our clients invest for the future - whether it's for retirement, to grow and preserve inter-generational wealth, or to benefit the organizations that make our world smarter, healthier and more sustainable.

We are looking for a seasoned fund accountant or auditor to work in its Mutual Fund team, which oversees roughly 35 registered funds with $20B in assets and 30 non-registered US and Canadian funds with $5B in assets. You join a collaborative team as a key liaison to internal functional areas (front office, legal, compliance and tax) and external providers (fund administrators, accountants, custodians and auditors).

We'll trust you to:
  • Review annual and semi-annual reports and prepare and review fund expenses, including allocations and analysis
  • Check information for various regulatory filings, including registration statements, forms N-CSR, N-PORT, N-CEN etc.
  • Gather information for and review fund prospectus information as required
  • Coordinate deliverables for fund audits and manage dialogue with auditors during examinations
  • Prepare reports to the Funds' Board of Directors and Senior Management
  • Reconcile various accounts and review reconciliations prepared by others; promptly research and correct any variances
  • Identify exceptions and problems affecting accounting records and prices, communicate these issues to management, and assist in their resolution
  • Independently resolve and coordinate the resolution of the problems within the budgeting and financial reporting process
  • Identify inefficiencies, risks and control gaps in any existing processes and help to develop and implement changes to eliminate them
  • Conduct quality control checks over reports and daily NAVs generated by outsourced service providers
  • Review invoices and ensure accurate processing in the funds
  • Assist with researching fair value events and coming up with a reasonable mark for unpriced securities each evening to be reviewed by the firm's Fair Value and Liquidity Committee
  • You'll need to have:
  • Demonstrated knowledge of registered mutual fund reporting requirements, auditing, and budgeting
  • 4-6 years of experience in an accounting firm or asset manager
  • Experience running point on major audits and working with auditors successfully
  • Excellent communication and organizational skills
  • Keen eye for details
  • Ability to move quickly while being thoughtful and exercising good judgement
  • Ability to establish trust and build strong relationships with various internal and external stakeholders
  • Familiarity with external custody and admin service providers
  • CPA is strongly preferred
  • What we offer

    We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career.

    We expect the base salary range for this role to be approximately 130,000-160,000 USD. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant's years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, relevant skills for the role. Base salary is one component of Lazard Asset Management's compensation package, which also includes comprehensive benefits and may include incentive compensation.

    Does this sound like you?

    Apply! We'll get in touch on the next steps.

    Diversity and Inclusion at Lazard

    Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.

    Our appreciation of diversity's strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for several decades.

    The ongoing cultivation of diversity and an inclusive, equitable culture are essential to our continued growth. We are committed to sustaining an environment in which all employees - regardless of socioeconomic status, race, color, nationality, religion, gender, sexual orientation, physical abilities, veteran or military status - can bring their whole selves to work to maximize their individual potential and our collective success.

    #LI-CH1

    #LAM
    • You need to sign in to save