Permanent

Sr. Associate, Fund Accounting

Posted on 03 March 25 by Kristin A. Kellerman

  • Cleveland, OH
  • $ - $
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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

 

 

Job Information

Rate / Salary

$ - $

Sector

Not Specified

Category

Not Specified

Skills / Experience

Not Specified

Benefits

Not Specified

Our Reference

JOB-18211

Job Location