Senior Manager, Closed-end Fund Accounting
Our client is a large reputable Financial Services firm with over $100B AUM located in Downtown Los Angeles |DTLA]. They foster a healthy work-life balance with great internal progression and excellent benefits. They are seeking an Experience and Dynamic Senior Manager who will be joining their Finance and Fund Accounting Team.
Summary:
The Senior Manager will be responsible for maintaining the books and records for various funds within the Global Private Debt business.
Responsibilities:
- Preparation and maintenance of the books and records of pooled private investment funds organized as limited partnerships and/or separate accounts
- Accounting for and reconciliation of cash and investments
- Recording and reconciling of purchase and sale transactions
- Estimating and posting of monthly closing accruals
- Partnering with our corporate actions team in reviewing and accounting for complex corporate actions
- Preparation and/or review of complex management fee and waterfall calculations
- Preparation and/or review of allocations 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 capital calls
- Preparing and reviewing of monthly, quarterly, and annual financial reporting
- Analyzing and calculating of performance metrics
- Coordinating with independent auditors, custodians, prime brokers and fund administrators
- Documenting processes and internal controls over financial reporting
- Performing other tasks as required
Qualifications:
- Bachelor’s Degree in Accounting or Finance. CPA preferred.
- 7+ years of relevant accounting or audit experience. Big Four public accounting background is preferred.
- Strong knowledge of reconciliation and account analysis
- Strong technical accounting skills 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, Word and PowerPoint.