Position: Staff Accountant

Department: Accounting / Finance

Location: New York, NY / Hybrid Remote Work

Annual Salary Range: $65,000 - $95,000

Why Work at MacKay Shields

Central to MacKay Shields’ culture is the strong commitment to both our clients and employees. We believe a connection exists between satisfied clients and happy employees. We promote a high degree of autonomy and place accountability across investment teams and offices. We encourage collaboration, innovation, and professional development as anchors to our culture.

Why What We Do Works

Since 1938, MacKay Shields has partnered with clients to help meet their investment goals through high quality products and exceptional service. As active managers, we serve a prominent group of pension funds, government and financial institutions, family offices, high net worth individuals, endowments, and foundations from across the globe. We were acquired by the New York Life Insurance Company in 1984 as the foundation to its multi-boutique investment advisor model. The model—which was designed to combine the benefits of nimble and independent investment boutiques with the strength of a financially strong partner—has been key to MacKay Shields’ success. The firm currently manages over $152 billion in assets for institutional investors and other financial service providers across the globe.

Position Description

The Staff Accountant will have responsibility for financial and management accounting including Assets under Management “AUM” and sales reporting, accounts receivable, client billing, third party distribution payments, contract administration, month-end closings, planning & forecasting and special projects.

The Staff Accountant must possess excellent interpersonal and technical skills to meet job and project requirements.

Major Functions

• Assist the Associate Director and Controller with all aspects of sales and AUM for MacKay LLC, MacKay UK and MKS Europe
• Analyze, prepare and report Institutional sales activity on a weekly basis
• Provide detailed quarterly sales and AUM reports to senior management and various departments
• Assist in preparing data for annual surveys – AUM, sales, revenue, performance fees and distribution expense
• Maintain accounting records in MacKay’s general ledger systems, preparing the necessary accruals and adjustments to report on both cash and accrual basis
• Prepare customer invoicing, ensuring timely and accurate billing
• Prepare monthly and quarterly distribution expense invoice support for third party intermediaries
• Assist the Associate Director and Controller to provide up-to-date short and long term financial projections
• Assist the Associate Director and Controller with annual budgeting and projects, as needed
• Assist in the reporting of Key Performance Indicators on a regular basis
• Assist in automation and enhancing of sales and AUM reporting
• Collect and analyze financial data related to clients
• Maintain technical competency for core responsibilities
• Produce monthly and quarterly financial supporting documents and metrics; coordinate data collection and in conjunction with the business units prepare qualitative analysis
• Manage relationships throughout the firm to ensure timely and proper delivery of information.
  

Duties and Responsibilities

It is expected that the following duties will be performed in a timely, accurate manner while following appropriate procedures and meeting applicable standards of performance and deadlines.

Job Specifications

• Education equivalent to BA, BS Degree Accounting/Finance, or the equivalent work related experience, CPA is a plus
• Demonstrated knowledge of month-end closing process, general ledger accounts and financial statements
• Minimum two years progressive experience in finance and accounting, preferably in the Asset Management / Financial Industry
• Must be tech savvy in (Windows environment) with strong working knowledge of Excel, and common enterprise accounting systems software with Financial reporting expertise
  

Skills and Abilities

• Highly organized, accuracy and detail-oriented; possesses a big-picture perspective and is well-versed in efficient processes and procedures
• Excellent judgment in prioritizing and managing projects and deadlines
• Develops and maintains open and trusting working relationships with people at all levels
• Ability to make sound judgments or solve problems independently while knowing when to bring situations to the attention of management, along with proposed solutions
• Works well in a team environment and is willing to step out of the box to assist the financial group to meet any challenges for the group.
• Ability to work in a demanding and fast-paced environment
• Able to work under pressure and meet deadlines.
• Ability to work independently, collaborate when necessary and initiate projects
  

MacKay Shields LLC offers an excellent salary and benefits package.

At MacKay Shields, we commit to the equitable treatment of all. Differences in background, experience, characteristics, and abilities—whether readily visible or unseen—make each person unique and valuable. Attracting, developing, and retaining diverse talent is critical to our success. We promote a comprehensive approach to diversity and inclusion to serve our employees, our clients, and our community. Striving to make a positive impact and deliver results through performance with purpose is at the heart of our ethos.

MacKay Shields LLC is committed to creating a diverse employment environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status or any other characteristic protected pursuant to federal, state or local law.