We are a financial services recruitment and staffing firm specializing in the Los Angeles area.
We are currently seeking several level of investment accounting professionals.
www.wallstreetpersonnel.com
Fund Accounting Manager Level
– 5
– 10 years of industry experience
Fund Accountant
– 2
– 4 years experience
Sr Fund Accountant Associate
– Real Estate
– 3
– 6 years
These roles are all with investment management firms located in the Los Angeles area.
The Manager level role will provide relo assistance so the search is nationwide.
Fund Accounting Manager:
Day-to-day oversight for multiple funds.
Fund structures may include master-feeder structures, open-ended structures, closed-end structures, or fund of funds, in various countries including the U.S., Cayman Islands, Luxembourg, and Netherlands.
Primary Function & Essential Responsibilities * Assist in managing relationships and liaise with internal resources, offshoring resources, external fund administrator(s), and external auditors to meet all monthly, quarterly and annual reporting deadlines * Participate in any new fund launches, including understanding fund structure and jurisdictions, coordination with various internal/external parties, review of draft legal documentation for reporting requirements/fee structures/etc., and managing resourcing * Participate and contribute to regular review of overall processes and deliverables to improve effectiveness, efficiency, and accuracy * Coordinate and actively work with third party vendor engaged to shadow the primary administrator * Oversee and review monthly NAV reconciliations with fund administrator * Review monthly reporting to limited partners and/or portfolio managers * Review debt compliance reporting * Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds * Review calculation of management fees and performance fees * Review cash flow projections and daily cash management, including any LP capital activity (ie: capital calls/subscription and distribution/withdrawal calculations) * Responsibility for ad-hoc limited partner, analyst and front-office requests.
* 8-10 years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience in capital markets fund structures (including closed-end and/or open-ended structures) with capital markets instruments and strategies * Advent Geneva preferred * Excel 2010 experience strongly preferred Requirements:
The Sr.
Associate will be responsible for day-to-day accounting and oversight of multiple funds, and assist with management of an external fund administrative team.
Fund structures may include commingled equity and debt closed-ended funds, joint ventures and separate accounts.
Primary Function & Essential Responsibilities * Work with and liaise with internal resources, offshoring resources, external fund administrator(s), and external auditors to meet all monthly, quarterly and annual reporting deadlines * Participate in any new fund launches * Participate and contribute to regular review of overall processes and deliverables to improve effectiveness, efficiency, and accuracy * Prepare and review monthly/quarterly/annual NAV reconciliations with fund administrator * Prepare and review monthly/quarterly/annual reporting to limited partners and/or portfolio managers * Assist with debt compliance reporting * Assist with preparation of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners .
* At least 5-8 years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience * Real estate G/L system knowledge a plus (Yardi) * Advanced excel experience strongly preferred
Fund Accountant:
The Senior Fund Accountant will be responsible for maintaining the books and records for various private partnerships and accounts, as well as reporting to clients and the portfolio group.
Additional responsibilities will include:
Preparing and maintaining the books and records of pooled private investment funds organized as limited partnerships and/or separate accounts;
Accounting for and reconciliation of cash, investments and real property;
Recording and reconciling of purchase and sale transactions;
Accounting for complex corporate actions;
Estimating and posting of monthly closing accruals;
Calculating of income and expense allocations to each partner, including updating of distribution waterfall based on the terms of the governing documents;
Determining and preparing distributions and draw-downs;
Preparing of monthly, quarterly, and annual financial reports to clients;
Analyzing and calculating of performance metrics for partnerships/accounts as well as for each investment;
Coordinating with funds’ independent auditors; and
Performing other tasks as required.
EXPERIENCE:
2-3 years accounting experience within public accounting or the financial services industry;
Strong knowledge of reconciliation and account analysis;
Excellent understanding of accounting and the ability to apply relevant investment company accounting rules;
Solid analytical skills and ability to understand and resolve complex problems; and
Proficiency in Microsoft Excel and Word.
Degree with CPA preferred not required.
Big 4 a plus.
Job Type: Full-time
Education:
Bachelor’s (Required)