Our client, a global investment manager, is looking for an Accounting Manager to join their Open End Fund Accounting Group.
21st July, 2021
Job Description & Synthesis
The Accounting Manager will be responsible for maintaining the books and records for open-end funds, closed-end funds, and collateralized loan obligation portfolios (CLOs), as well as reporting to clients and the portfolio group.
Preparing and maintaining the books and records of pooled private investment funds organized as limited partnerships and/or CLOs;
Accounting for and reconciliation of cash, investments, and real property;
Recording and reconciling of purchase and sale transactions;
Accounting for complex corporate actions;
Estimating and posting of monthly closing accruals;
Calculating 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 draw-downs;
Preparing monthly, quarterly, and annual financial reports to clients;
Analyzing and calculating performance metrics for partnerships/accounts as well as for each investment;
Coordinating with funds’ and CLOs’ independent auditors, custodians, and trustees;
Performing other tasks as required.
Bachelor’s degree in Accounting or Finance. CPA a plus.
Minimum 5 years relevant accounting or audit experience within Big Four public accounting or a mix of public accounting and investment management industry experience;
Strong knowledge of reconciliation and account analysis;
Excellent understanding of accounting and the ability to apply relevant investment company accounting rules;
Solid analytical skills and ability to understand and resolve complex problems;
Proficiency in Microsoft Excel, Word and PowerPoint; and
Experience with Geneva and/or Geneva World Investor accounting systems is a plus.