Senior Associate, Investment Accounting

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Senior Associate, Investment Accounting

Business Unit: Corporate Accounting

Location: Charlotte, NC

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

This position will play a key role in the company’s corporate Investment Accounting Team within the U.S. Controller’s Group. The Barings Investment Accounting Team is responsible for the accounting and reporting of corporate investments, as well as completing operational fund consolidations in accordance with ASC 320, ASC 321, ASC 323 and ASC 810.

This position will be primarily responsible for corporate debt, loan and equity investments and derivatives accounting. This position will also play a key role in the quarterly corporate fund consolidations process. This position will require working with internal and external teams to obtain and analyze source information including investor statements and fund trial balances. The ideal candidate will have a natural desire to learn about the company’s investments, strategies, and fund structures, as well as the current processes for investment accounting and fund consolidations.

The position will report to the Director of Investment Accounting and Funds Consolidation. The position will have regular interactions with all levels of the organization and reside in our corporate headquarters in Charlotte, NC.

Primary Responsibilities

• Review and record investment activity on a monthly basis
• Analyze investment activity and provide an overview to management as part of the monthly close process
• Upload investment and consolidating fund balances into the corporate G/L accounting system in an accurate and timely manner
• Work internally with Treasury, FP&A and Tax teams to obtain appropriate support and create investment slides for monthly and quarterly reporting presentations
• Work with fund TPAs to obtain appropriate fund trial balances as part of the quarterly consolidated reporting
• Assist Barings domestic and international subsidiaries regarding all operational investment and fund consolidations
• Ensure all corporate and fund activity is recorded correctly and eliminated within the consolidated trial balances
• Gather, organize and report footnote disclosures for corporate investments and consolidated funds for inclusion in Barings consolidated financial statements
• Ensure controls are implemented and operational within the investment and fund consolidations processes
• Proactively search ways to improve and streamline processes
• Lead special projects, as assigned

Qualifications

• Bachelor's degree in accounting or finance preferred
• 2-5 years relevant accounting experience (CPA – or on track) with public accounting experience strongly preferred;
• Prior experience in financial services, particularly in investment accounting, fund accounting or financial reporting is strongly preferred;
• Knowledge of investment accounting US GAAP Requirements, specifically ASC 320, ASC 321, ASC 323 and ASC 810;
• Strong interactive skills – able to build strong working relationships and communicate effectively across company locations and organizational lines;
• Self-motivated and open to change – able to work independently as well as part of a broader team;
• Excellent time management skills - able to handle multiple priorities and deadlines;
• Experience with Workday a plus;
• Proficiency with Microsoft Office applications, with emphasis on Excel

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Requisite Skills

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits

FINANCIAL WELL-BEING

• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account

LIFE INSURANCE

• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time

 OTHER BENEFITS

• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program