Accounting Manager

Great Gray, LLC

Wilmington, DE

Full-Time

Job Description

Why Great Gray?

At Great Gray Trust Company, we strive to set the bar for the retirement services industry. Our goal is to deliver advanced retirement solutions that combine our core fiduciary services with robust investment options, innovative technology, and dedicated client service. We focus on making choices clearer, transitions smoother, and the client experience more delightful. Complacency isn't in our vocabulary. Every day, we look for opportunities to better serve our clients, be an excellent business partner, and earn the trust of those who rely on us.

Company Background

Great Gray Trust Company is the leading independent provider of trustee and administrative services to Collective Investment Trusts (“CITs”), with over $175 billion in CIT assets, across more than 700 funds. We proudly work with 75 subadvisors, including leading firms such as Alliance Bernstein, American Funds, BlackRock, Franklin Templeton, MetLife, Neuberger Berman, PGIM, PIMCO and Raymond James.

CITs are more than just an investment vehicle. They represent a forward-thinking approach to retirement planning. These tax-exempt, pooled investment vehicles are offered to employer-sponsored retirement plans, like 401Ks. CITs are comparable to mutual funds, but, because they are tailored for the institutional retirement market, they can offer distinct advantages, including efficient administration and cost-effectiveness. CITs have a history dating back over 90 years; but they have gained favor over the past decade, driven by innovations, and Great Gray has been at the forefront.

Great Gray has consistently delivered year-over-year growth at an above market rate and is investing in the continued development of its core CIT business as well as complementary administrative services and technology solutions for the retirement market.

Madison Dearborn Partners (“MDP”) purchased Great Gray from Wilmington Trust in April 2023. As a result, Great Gray is an independent company owned by funds affiliated with MDP.

Investor Background

MDP is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media, and technology services.

The Role

Reporting to the Corporate Controller, this position manages the month-end close process and supervise the work of the Financial Analyst and others

Location

The Accounting Manager role will be based in Wilmington, DE. Great Gray currently supports a hybrid work model with 4 days onsite and 1 day remote.

Responsibilities

Month-end close. Manage the close process. Supervise and review the balance sheet account recs and ensure the completeness of all period-end close procedures.
Accounts Payable. Oversee Accounts Payable and ensure timely paying of vendor bills, compliance with Company’s purchasing policies and proper recording of expenses.
Employee Expenses and Credit Cards. Oversee corporate credit cards and expense reimbursement, ensuring compliance with the Company's expense policy and the proper recording of expenses.
Payroll. Partner with HR department to manage payroll accounting, ensuring accurate employee pay and proper recording of payroll expenses.
Accruals. Lead the month-end accruals process. Formalize procedures to capture all unrecorded liabilities.
Processes and Controls. In collaboration with the Controller, develop and implement standard accounting policies and procedures compliant with US GAAP. Ensure accounting policies are consistently applied.
Audit. Lead the effort to complete our year end audit by partnering with our auditors to coordinate walkthroughs and provide documentation requested

Qualifications & Experience

Minimum 5-7 years relevant experience in relevant corporate or public accounting roles with progressive levels of supervisory responsibilities
Strong knowledge of US GAAP, general corporate accounting as well as technical accounting
Ability to lead and manage a month-end close in a fast-paced accounting environment, at a high-growth company
Experience with NetSuite or similar ERP, ability to easily adapt to new technologies
Experience developing, documenting and implementing corporate accounting policies, processes and controls and writing accounting memos
Proficiency in Microsoft Office (Word, Excel, PowerPoint, Teams)
Detail-oriented, excellent analytical and quantitative skills
Flexibility in handling multiple priorities in fast changing environment
Reliable and responsive to business requests

Preferred Qualifications