Financial Reporting Accountant

Job Description

Staff Accountant, Financial Statement and Regulatory Reporting | The Citco Group Limited

The Tone:
This role contributes to the core business of The Citco Group Limited, a recognized market leader and premier provider in the asset servicing sector since its establishment in 1948. Citco pioneered the evolution of this industry, demonstrating a continuous spirit of innovation and expansion that guides its operations today. From initially working with hedge funds, the organization has grown immensely to serve all alternatives, corporations, and private clients across diverse asset classes and geographies. This position is crucial for maintaining Citco’s high performance by accurately preparing financial statements and compiling essential regulatory reports, ensuring a seamless client experience through the company’s respected fund administration services and ongoing investment in learning and technology solutions.

The TL;DR
• Role: Early Career
• Team: Fund Administration business line, working under direct supervision.
• Mission: Ensure the accuracy and compliance of financial statements and regulatory reports for funds and clients.
• Tech Stack: CFS proprietary systems, Excel, Word

What You’ll Actually Do
• Financial Reporting: Prepare annual, semi-annual, and quarterly financial statements, including drafting footnote disclosures and preparing financial highlight disclosures such as total returns and expense ratio analysis.
• Accuracy and Analysis: Perform thorough analysis of financial statements to verify accuracy against accounting records, and maintain comprehensive audit support schedules during the year.
• Regulatory Compliance: Compile and advise on essential monthly, quarterly, and annual regulatory reports like Form PF, Form SLT, and others as required.
• Relationship Management: Contribute to strong regulatory reporting relationships through proactive interactions with internal parties, clients, regulators (SEC), and audit firm personnel.
• Operational Development: Obtain working knowledge of the CFS proprietary systems and suggest improved methods and procedures for new work assignments, seeking supervisor approval.

The Must-Haves
• Background: This is an Entry-Level role for a professional holding a Bachelor’s degree in Accounting, Finance, or Economics, with a minimum of 9 accounting credits. The successful candidate will work under direct supervision to apply foundational knowledge in financial reporting and regulatory compliance.
• Experience: No specific years of experience are required. However, candidates are encouraged if they have relevant accounting internship experience acquired within an Audit Firm, Hedge Fund, or a similar financial environment. Prior experience working in a Fund Administrator, Mutual Fund, or other financial institution, indicating gained financial products knowledge, is also desirable.
• Skills: Essential skills include good communication abilities for effective interaction with various internal and external stakeholders. A working knowledge of Microsoft Excel and Word is also fundamental for tasks involving financial analysis, reporting, and documentation.
• Bonus: Previous experience specifically in financial statement preparation is desirable.