Fund Accounting Manager
One of our favorite teams – a prestigious Asset Manager with $60B+ in AUM in the Loop is looking to hire new leadership to their Fund Accounting Department! They have won numerous awards internationally for their services and have a great, reputable name in the market.
This is a newly created position and they are looking for a leader in all areas of investor funds and vehicles, process improvements, internal reporting, etc in a highly visible role.
They go into the office a couple of times a month (they have an updated swanky office in a prime Loop spot), have generous PTO off the bat, have great benefits, and offer tons of professional development training. Plus really competitive comp packages.
Qualifications & Experience:
− Bachelor’s degree in Accounting is required
− CPA is strongly encouraged
− At least 8 years of accounting experience in the financial services industry (e.g., private equity / leveraged finance / hedge fund or similar)
− A mix of public accounting and industry experience is a plus
− Experience and familiarity with IFRS and Lux GAAP is a plus
Primary duties and responsibilities include:
− Lead the accounting and reporting for one or more investment funds and vehicles, ensuring processes and output are consistent with US GAAP and specific partnership agreements
− Assist in the launch of new funds which includes reviewing legal documents, implementation of month-end close processes, and collaboration with the Technology Solutions Team to ensure proprietary systems are developed to support fund mechanics
− Operationalize complex partnership agreements and account for investments, incentive fee arrangements and partner allocations
− Lead the calculation and booking of fund-level expenses such as management fees, incentive fees, and accruals in accordance with GAAP and applicable legal documents
− Review the preparation of one or more Private Fund’s balance sheet, income statement and monthly reporting package
− Assist the Investor Communications Team in meeting regular, periodic investor reporting requirements and respond to various investor requests through the preparation of quarterly statements
− Drive analysis and support for capital calls and distributions, coordinating with Investor Communications, Treasury and Senior Leadership on the planning, preparation and execution of calls and distributions
− Provide timely, accurate and meaningful fund and general business reporting and analysis to Firm leadership
− Support the preparation of the financial statements and provide information and support to the Firm’s independent auditors
− Assist in various ad-hoc projects and requests
− Promote the implementation of process improvement opportunities
− Collaborate and partner closely with Fund Accounting Team members as well as other Shared Services Teams (e.g., Investor Communications, Treasury, Operations and Tax)