Manager, Investment Accounting

Hiring Organization: 
The Leona M. and Harry B. Helmsley Charitable Trust
City and State: 
New York, NY


 The Leona M. and Harry B. Helmsley Charitable Trust (“Helmsley”) aspires to improve lives by supporting exceptional efforts in the U.S. and around the world in health and select place-based initiatives. Since beginning its active grantmaking in 2008, Helmsley has committed more than $2 billion for a wide range of charitable purposes. Helmsley has an $8 billion endowment which consists of diversified investments, including alternatives. For more information on Helmsley, visit

 Position Summary

The Manager, Investment Accounting serves as a strategic advisor to the CFO. The manager will be responsible for the accuracy and completeness of internal controls, US GAAP accounting, and reporting related to Helmsley’s investment activities. The Manager will collaborate with the Investment Office (IO), the Master Custodial Bank (MCB), and investment managers and other advisors to ensure the timely and accurate execution of investment transactions. This role requires a partnership philosophy with internal and external Helmsley parties.

 Essential Duties and Responsibilities

 Investment Accounting Activities

  • Collaborate extensively internally (with Investment Office, Controller Function, General Counsel’s office, et al.) and externally (with MCB), investment managers and other service providers) to ensure internal control and compliance processes and the accurate and timely processing and accounting of investment transactions
  • With CFO, be primary liaison with Investment Office on accounting and operational matters to ensure effective and efficient issue resolution
  • Provide accurate and timely input to the annual financial statement and performance reporting
  • Review investment valuation and reporting of portfolio results
  • Manage the Investment Department Bonus Plan, including reviewing investment returns
  • Provide subject matter expertise and stay abreast of changes in investment-related accounting standards
  • Stay current with evolving accounting, technology, and reporting considerations of investment products
  • Manage the Investment section of the Employee Benefit Plan audit
  • Provide research and analytical support to senior management and/or outside consultants, as necessary
  • Prepare reports and surveys requested by membership organizations, regulatory agencies, and others

 Investment Operations and Treasury

  • Review the accurate and timely controls, processing and accounting of investment transactions, including:
    • Settlement of trades
    • Monitoring the movement of securities
    • Cash and position reconciliations, accruals, etc.
    • Execution of capital calls, receipt of distributions and other capital activities
    • Other shadow accounting activities as appropriate
    • Review/reconcile monthly and quarterly management fees
  • Provide appropriate schedules to the Tax Department for Helmsley tax filings
  • Work with CFO and Controller in managing Helmsley’s banking relationship
  • Prepare monthly line of credit borrowing base calculation and manage the related banking relationship

 Program Related Investments (PRI) Accounting

  • Manage the Finance Department’s accounting responsibilities for Program Related Investments
  • Perform the annual US GAAP accounting for credit losses review of the PRI Portfolio
  • Attend the PRI Committee meetings in representing the Finance Department
  • Prepare the audited financial statement footnote disclosures


  • Manage direct staff and non-direct staff for the execution of various initiatives resulting in high-performance teams
  • Oversee MCB staff in a manner to successfully execute on Investment Accounting responsibilities

 Desired Qualifications 

  • At least 10 years of relevant professional experience in transaction-heavy investment accounting/operations environments, e.g., hedge fund, alternative investment organization, pension fund, endowment
  • CPA required
  • Ability to “helicopter” from big picture, strategic issues to more granular levels of detail as needed
  • Experience with Microsoft Office Suite, corporate enterprise-wide general ledger systems, and MCB systems
  • Strong verbal and written communication skills
  • Exceptional analytic skills
  • Strong attention to detail and a firm commitment to meeting deadlines
  • Ability to work independently, handle and prioritize multiple time-sensitive activities; excellent judgment and problem solving
  • Proven ability to manage multiple stakeholders to surface and resolve issues
  • Achieve trusted-advisor status by displaying investment accounting expertise
  • Comfort presenting internally and at external conferences to highlight Helmsley’s brand as a thought leader
  • Strong interpersonal abilities and strategic partnership building

Health, Well-being, and Living Our Mission

Helmsley is dedicated to creating stronger, healthier futures for communities in the U.S. and around the world. Our departments and grantmaking programs are comprised of subject matter experts from a range of backgrounds in basic science, global health, and precision medicine, as well as the private sector and public policy.

Helmsley colleagues are intelligent, creative, forward thinking, and strongly committed to working productively with our grantee partners. Each was drawn to Helmsley by the same opportunity: to help build this young organization into a leading global charitable institution that will drive meaningful and measurable positive change in lives throughout the U.S. and around the world for years to come.

Comprehensive benefits currently offered to employees (subject to change) include:

  • Employer-paid medical, dental, and vision for employees and their families
  • Generous 401(k) employer contribution
  • 23+ paid vacation and sick days
  • 13+ paid holidays
  • End of year office closure
  • Summer Fridays
  • Tuition reimbursement
  • Personal and team professional development opportunities

Application Information

To apply for this position, please submit a cover letter, resume (in Word or PDF format), via the link

The position is based at Helmsley’s main office in New York City. Only those selected for an interview will be contacted. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.

Except for when working remotely due to the COVID-19 pandemic, the ability to work and collaborate in person with colleagues at Helmsley’s office is an essential function of this job. To protect the health and safety of our employees, and consistent with Helmsley’s mandatory vaccination policy, all new hires (except those granted reasonable accommodations in accordance with applicable law) are required to be fully vaccinated for COVID-19 before their start date. 

The above statements are intended to describe the general nature and level of work being performed by the incumbent(s) of this job.  They are not intended to be an exhaustive list of all responsibilities and activities required for the position. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

 Helmsley provides equal employment and promotional opportunities to all employees  and  applicants  for  employment  based upon individual capabilities and qualifications without regard to race, color, religion, sex, gender identity, pregnancy, sexual orientation, age, national origin, marital status, citizenship, disability, veteran status or any other protected characteristic as established under law.

How to Apply: 
To apply for this position, please submit a cover letter, resume (in Word or PDF format), via the link
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