Senior Associate

Global Multi Asset Manager with $75B of AUM across Private Equity, Real Estate and Private Credit

At our firm, Fund Accounting has a significant presence within the organization. The position will be responsible for maintaining the books and records of several funds in accordance with US GAAP. The role will also require frequent interaction and collaboration with several departments within the firm, including the Trading Desk, Operations, Financial Reporting, Tax, Legal, Investor Relations and Technology. The role will also require communication with several different teams across multiple fund administrators.

Responsibilities:

• Accurately prepare and record accounting entries in accordance with firm policy and US GAAP.
• Responsible for the timely and accurate review of the monthly books and records prepared by fund administrators, as well as internal reporting of both estimated and final fund profit and loss & returns.
• Review the completeness and accuracy of monthly economic allocations, management fee / incentive allocation calculations and investor statements.
• Responsible for calculations of investor capital calls and distributions, as well as accurate tracking of unfunded commitments, and recallable distributions for each investor.
• Prepare internal and external deliverables including investor requests, internal data requests, regulatory reporting requests and, from time to time, ad hoc projections of fund/investor data.
• Review payments/reimbursements for fund expenses and management fees and clear associated cash breaks
• Communicate regularly with third party administrators.
• Responsible for the review of quarterly unaudited and annual audited financial statements as well as annual footnote disclosures and financial highlights.
• Interact with Operations, Investor Relations, Legal, Tax, Financial Reporting and Technology to resolve process and accounting issues.
• Managing and modifying accounting/financial systems, procedures, and processes, as necessary.

Qualifications:

• Bachelor’s degree in Accounting
• 3-6 years of public or private accounting experience. CPA preferred.
• Experience with a wide assortment of financial products, including fixed income securities, equities, repos, and financial derivatives.
• Experience with fund accounting issues and fund structures with varying characteristics (open, hybrid, and closed ended funds), including capital allocation, waterfall, incentive allocation, and management fee calculations.
• Strong understanding of information systems, relationship tables, and the role data plays in efficient processes. Data Warehouse, Alteryx, or Sunguard VPM experience a plus.
• Proficiency with AI tools and an understanding of how AI can drive process improvement preferred.
• Team player and detail oriented.
• Must work well in a very dynamic and deadline driven culture.
• Excellent interpersonal, written, and oral communication skills.
• Proficiency with Microsoft Office Products (Excel, Word) required.
• Experience with financial statement review and presentation
• Technical Accounting experience (ability to understand and process complex Accounting transactions) a plus.