Responsible for performing and/or managing a number of processes including impairments, assets under management, investment portfolio accounting (seed money and other investments) and bank holding company reporting. Serves as a backup for daily accounting and reporting for various derivative portfolios. Partners with the business and internal Finance partners to develop and implement accounting practices consistent with GAAP (Generally Accepted Accounting Principles) and other governing agencies such as SEC, NAIC and bank regulators. Lead / assist on enterprise / team projects (i.e. new accounting standards, system projects, etc.) as needed. Manage various investment accounting and reporting processes within the Investment Accounting – Owned Asset team including seed money, collateral and other investments, impairments, and other management reporting.
Key Responsibilities
- Perform investment accounting processes for a variety of transactions within PAM accounting system in accordance with GAAP, statutory, internal and external policies, procedures and authorizations.
- Prepare journal entries; review, analyze and resolve complex issues in accounting transactions.
- Serves as a backup for performing daily derivative reconciliation processes; includes research, analysis and resolution of issues under the guidance of Derivative Manager.
- Responsible for several complex investment accounting and reporting processes such as Seed Money and other investments, Impairments, Assets Under Management, Transfer Pricing and Bank Holding Company reporting.
- Lead or assist on enterprise and team projects as needed including development and documentation of procedures and establishment of controls.
- Partner with management to proactively seek innovation and process improvements to enhance efficiencies and improve controls of processes.
- Prepare/review investment data for inclusion in rating agency surveys
- Lead or assist on enterprise and team projects (i.e. new accounting standards, system projects, rating agency surveys, etc.).
Required Qualifications
- Degree in Accounting or Finance
- 5 to 7 years of investment accounting experience
- Strong business knowledge of investments and GAAP and statutory accounting treatment
- Proven ability to lead through change and strong ability to problem solve
- Ability to handle detailed work; analyze results, yet understand the "big picture"
- Strong understanding of systems, controls, accounting knowledge, financials, and processes within multiple legal entities.
- Strong analytical and problem-solving skills
Preferred Qualifications
- Strong business knowledge of investments and GAAP accounting treatment
- Strong technical skills including advanced Excel and some Access database knowledge.
- Strong understanding of the end-to-end process flows, systems, controls and impacts across products and business lines they support.
- Experience with WorkDay general ledger accounting system
About Our Company
Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 125 years. We are a U.S. based financial planning company headquartered in Minneapolis with a global presence. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So if you're talented, driven and want to work for a strong ethical company that cares, take the next step and create a career at Ameriprise India LLP.
Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Timings
(4:45p-1:15a)
India Business Unit
AWMPO AWMP&S President's Office
Job Family Group
Finance
Top Skills
What We Do
Ameriprise Financial has helped millions of clients feel confident about their financial futures for more than 125 years. Our network of approximately 10,000 financial advisors* delivers personalized financial advice to help clients reach their goals.
We believe that with the right advisor, the right advice, and the right firm, life can be brilliant.
Ameriprise has corporate locations throughout the U.S. and across the globe, and advisor offices in all 50 states.
Learn how you can build your career at Ameriprise Financial.
*Ameriprise Financial Q2 2020 Statistical Supplement
All content on this page is provided for informational purposes only and should not be used as the sole basis for investment decisions. Ameriprise Financial cannot guarantee future financial results. Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution, and involve investment risks including possible loss of the entire amount invested.
By clicking on a hyperlink, you may be directed to a non-Ameriprise website. Be aware that the linked site will be subject to rules, regulation, and privacy and security provisions that are separate, and may differ, from Ameriprise Financial.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC., a registered investment adviser.
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