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Assistant Financial Controller - Spectrum Asset Management - #220555 more...
Location:Stamford, CT
Company:Principal Financial
First posted:May 19, 2017 (last updated 30+ days ago)

Job Area: Investments
Business Area: PGI Spectrum
Location: CT - Stamford
Career Category: Experienced Professional
Full/Part Time: Full-Time
Regular/Temporary: Regular
Date Posted: 2017-05-18


Spectrum Asset Management, Inc. is seeking top talent to join our team as an Assistant Financial Controller in our Stamford, Connecticut office.  Spectrum is a dual registered RIA/Broker-Dealer with over \$20 billion in assets under management and manages portfolios of preferred securities for an international universe of corporate, pension fund; insurance and endowment clients; open-end and closed-end mutual funds domiciled in the United States, Ireland and Japan, and separately managed account programs for high net worth individual investors sponsored by a variety of broker-dealers.

Success in this position requires a strong client service orientation, the ability to work under pressure in a deadline driven environment, the ability to make effective, high impact decisions, the ability to produce accurate and timely information independently, the ability to drive results, and 8-10 years of applicable experience in public and financial accounting. Must be able to handle multiple, complex tasks, prioritize effectively and be flexible as business needs change, handle ad-hoc requests from various team members. Must be able to attend to day-to-day details while maintaining a strategic, analytical focus on the big picture.

In this role you will:

  • Report directly to the CFO/FINOP of a dual registered broker-dealer / registered investment advisory firm, work as part of a three person team focused on accounting and back office operations, and interact daily with all areas of the firm.
  • Be responsible for all aspects of external and internal financial record keeping and reporting and internal control activities related to Spectrum, including:  reporting and consolidating financial statements; establishing and maintaining internal controls; managing all aspects of the general ledger; providing monthly, quarterly and year-end analyses; coordinating or assisting with the budget process; researching accounting issues for compliance with generally accepted accounting principles (GAAP); analyzing and reporting cost variances; serving as a liaison to external auditors.
  • Using broad functional knowledge, analyze and interpret reports for impact to the business and present findings to senior management.
  • Act as a custodian and maintain the integrity and consistency of business governance and control frameworks. Contribute to the improvement of risk-based financial controls; develop solutions for the effectiveness of existing controls to manage business risks, and develop and drive implementation of action plans to remediate control deficiencies.

Assist and support the back office operations team by ensuring compliance with established regulatory and operational procedures, troubleshooting open/unresolved issues and performing daily cash reconciliations of cash and holdings at the custodian banks, handling all daily subscriptions, redemptions, investigating, analyzing and resolving quickly any differences between custodian banks, clearing organization and firms records.


  • Bachelor's degree, or equivalent, in accounting plus 8-10 years' work experience in financial and/or public accounting. Special consideration will be given to candidates with knowledge of and experience with registered investment advisors, 40 Act Funds, and registered broker-dealers.
  • CPA or other relevant certifications required.
  • FINRA series 7 or 99 required within three months of commencement.  FINRA Series 27 desired.
  • Must have strong decision making, leadership, and analytical skills including the ability to effectively influence others, regardless of level, when matrix-reporting structures exist.
  • Excellent communication and organizational skills required.
  • Must possess thorough knowledge of US GAAP rules and PCAOB internal control standards in relevant investment context.


Investment Code of Ethics

You will be required to comply with a Code of Ethics which covers personal trading activities for you and members of your household.

Visa Sponsorship

This position is not eligible for sponsorship for work authorization by Principal. Therefore, if you will require sponsorship for work authorization now or in the future, we cannot consider your application at this time.

Background Check Requirements

Employment at Principal is contingent upon successful completion of a background check.


Principal is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.

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