Investment Accountant

Sydney CBD Area
Not disclosed
23 Oct 2020
28 Oct 2020
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

See yourself in our team:

The Colonial First State business is a wholly owned subsidiary within the Commonwealth Bank of Australia Group.

This role is within Colonial First State (CFS) and sits within the Fund Services Division. Fund Services has 200 staff and is responsible for the production and provision of Fund Data to Asset Managers, accurate unit pricing for CFS products and other internal clients and accurate accounting for investment and taxation data. The area is broken down into the following areas.

  • Investment Operations
  • Fund Accounting
  • Investment Accounting
  • Fund Operations
  • Investment Review Services
  • Implementation Management
  • Statutory Reporting
  • Operational Risk Management
  • Interfunding

The Investment Accounting team is responsible for delivering accurate unit pricing, accounting and taxation information. The Investment Accounting Team acts a central point of contact for ASB Wealth and Insurance division and The Trustee of Commonwealth Bank Group Super.

Do work that matters:

As an Investment Accountant, you will calculate timely and accurate unit prices, tax and maintain the underlying accounting records for allocated products.

We're interested in hearing from people with:

  • Intermediate knowledge of Microsoft Excel and basic knowledge of Microsoft Word and Office
  • Excellent communication skills
  • The ability to meet deadlines and objectives in a busy environment
  • Strong attention to detail
  • The ability to be a good team player
  • The desire to strive for more efficiency and innovation

This is an entry-level role suitable for recent graduates and those with some financial services experience.

If you can picture yourself being part of this high performing team and role please apply using the link or refer to a friend.

CBA has entered into an agreement with KKR to sell a 55% interest in its CFS superannuation and investments business for total cash consideration of $1.7billion (implying a total valuation of $3.3billion). CBA will retain a 45% shareholding in CFS.

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies.

The sale is expected to complete in the first half of 2021. As this is a role to work in the CFS business, the successful candidate will initially be employed by the CBA Group but on sale completion, their employment will transfer to a new entity that will employ the CFS business employees from completion.

If you're already part of the Commonwealth Bank Group (including Bankwest), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.

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Advertising End Date: 29/10/2020

For further information, and to apply, please visit our website via the “Apply” button below.

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