Fund Accountant

• Location: Downtown LA, CA
• $90000 base salary
• Remote: Remote
• Type: Direct Hire
• Job #1597
• Salary: $90,000 - $115,000

Title: Fund Accountant

Industry: Financial Services – Venture Capital/Private Equity

Location: Downtown LA – Hybrid

Overview: Pacific Executive Search has been engaged on a search for a Fund Accountant position in Santa Monica, CA, just a short drive from Downtown LA. In this role, you will take on new responsibilities such as performing fund accounting duties, managing reconciliations, and preparing financial statements, all while collaborating with experienced professionals in a supportive environment. This opportunity not only allows you to enhance your accounting skills but also offers a pathway for career growth within a dynamic investment firm.

Description:

Responsibilities

• Execute fund accounting tasks for multiple investment funds as detailed below.
• Review and reconcile financial transactions by conducting cash and asset reconciliations; escalate any discrepancies based on established thresholds.
• Maintain and update fund sub-ledgers and general ledgers on a daily, monthly, and quarterly basis.
• Calculate management fees and review output related to interest, PIK, OID, and corporate actions from the accounting system.
• Determine capital calls and distributions, and prepare corresponding investor letters and statements.
• Compile quarterly closing accounting packages.
• Generate quarterly financial statements and investor capital account summaries.
• Assist with annual audits and tax preparations, collaborating with internal teams and external accountants.
• Address ad-hoc requests from investors and management.
• Collaborate with management on special projects, documenting procedures and conducting additional analyses as required.

Qualifications

• Bachelor's degree in Accounting, Finance, Economics, or a related field.
• 3-5 years of experience in public accounting or investment management accounting; experience in financial services is preferred.
• Exceptional organizational skills with a keen eye for detail and a strong commitment to quality.
• Ability to perform under pressure within a deadline-driven environment.
• Effective verbal and written communication skills.
• Strong interpersonal abilities.
• Experience with computer systems and general ledger software; familiarity with Advent Geneva is a plus.
• CPA certification is advantageous.