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Fund Accounting Analyst II in Baltimore, MD at M&T Bank

Date Posted: 11/1/2018

Job Snapshot

  • Employee Type:
  • Location:
    Baltimore, MD
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

Fund Accountant Analyst II

M&T Bank

Baltimore, MD



Responsible for the accurate and timely accounting and reporting of moderate complexity and volume domestic and international Common Trust, Master Trust, Private Client Investments Pools and Funds.   Handles inquiries and request from internal service partners and/or external clients.  Assist internal and/or external auditors during scheduled audits.   Provide training and/or cross training to new hires or junior staff members.

Position Responsibilities:

Produce unit valuations(NAV's), financial reports, detailed schedules, anc client reporting critical to the business for assigned portfolios of moderate complexity and volume in accordance with agreed upon timetables.  Manage daily volume.

Monitors the accounting effects of all portfolio activity, including purchases and sales, corporate rates and actions, cost basis, principal and income pay downs, pricing, capital gains and loses, net investment income, dividend distribution amounts, and expenses.

Ensures reconciliations are completed to various system applications and reports in accordance with agreed upon timetables and procedures.

Identifies and resolves out of balance conditions in a  timely manner.   Serves as a resource to junior level accountants for more complex reconciliation issues.

Process and/or monitor moderately complex transactions and trades posted to accounting system and compare to trust system.

Conducts tolerance checks looking for outliers and errant data conditions.  Researches and resolves variances.

Prepares moderately complex client assistance packages for scheduled audits, which include statements and financial data.  Assist internal and/or external auditors with routine questions during scheduled audits.

Responsible for the training and/cross training of new and junior staff members

Double-checks the work of other team members, as requested.  Provides occassional guidance to junior team members within the functional area.

Performs other related assignments and participates in projects as requested by management.

Builds on existing relationships both internally and externally.  Communicates information requirements and answers client questions.

Minimum Qualifications:

Education:  Bachelor's Degree in Accounting, Finance, or Business related field  and 3 years  accounting experience or in lieu of a degree, a combined minimum of  7 years higher education and/or relevant work experience.      1  year international fund accounting experience, as required by assigned area.

Proficient with accounting applications and pertinent spreadsheet and word processing software.

Proficient capability and thorough knowledge of securities transactions, trust accounting software, operational functions, and client reporting

Effective customer service and teamwork skills

Demonstrated Organizational skills

Moderate Analytical and Problem Solving Skills

Preferred  Qualifications:

Experience using Banks' Trust Accounting applications and reporting modules to deliver NAV's, sub-accounting and client reporting

Self-directed, organized, able to pursue goals as part of a team

Ability to work under time constraints while maintaining accuracy and timeliness

Flexibility to support multiple business lines and clients

Takes initiative to develop and improve skills

Detail oriented


About M&T

At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T.  As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future. 


M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.