Job Description

Job Title: Jr. Associate, Fund Accounting

Location:  Cleveland, OH (onsite downtown with Fridays remote)

Job Description

• Deliver accurate, timely, and detailed financial information
• Assist in maintaining the primary bookkeeping model for a complex multi-series investment portfolio
• Support and maintain critical investor details
• Support the maintenance of detailed fiscal record of all cash transactions, both into and out of our client.

Responsibilities & Duties

• Maintain a detailed financial record for both onshore and offshore funds, including updating NAVs, Capital Account Balances, Fund Expenses, Partnership Expenses and other entries in the primary ledger
• Complete hedge performance estimates for both advisors and individual clients on a monthly basis
• Maintain and update lookup tables that flow core accounting data through to performance estimates
• Manage capital calls and distributions that are received from email and end fund investment portals
• Create trade tickets for capital calls and distributions, and submit to third party administrator and custodian bank for multi-factor authentication and completion
• Process and/or approve wires/distributions through online banking system
• Track daily wires that are received and sent
• Support the production of quarterly statements and audit private equity funds’ activity across various reporting periods
• Monthly reconciliation of private funds’ bank accounts
• Respond to audit confirmation requests from private equity and hedge fund managers
• Download capital account statements, performance estimates, audited financial statements, and K-1’s for processing and record retention
• Support the development of in-house, proprietary software to supplant the core accounting model
• Support outside accounting firm in the preparation of tax returns and issuance of K-1s to investors
• Execute and manage ad hoc projects/reports and act as a representative of the CAO for various firm initiatives, when necessary

Required Skills

• Detail and solution oriented with strong interpersonal, professional and organizational skills
• Demonstrated ability to absorb and retain technical accounting and data driven concepts within the context of complex portfolio structures and related accounting models
• Desire to be a key contributor to a growing team and support the development of improved processes and growth of the business
• Bachelor’s degree
• Exceptional written and verbal communication skills
• Strategic planning, scheduling, and time-management skills