Job Description
Job Title: Sr. 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
- Lead and mentor Jr. Associates on a team of 5-6 people.
- 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
- Come to the table with fund accounting experience and policies and procedures.
- Ability to train new people.
- 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