Leading private equity investment firm in West LA is looking for a Fund Accountant with 2-4 years of accounting experience, a working knowledge of GAAP, federal and state income tax, and prior experience in fund accounting is preferred. The ideal candidate is professional, proactive, self-motivated, has a strong work ethic and can perform both transactional day-to-day activities, as well as drive accounting projects to closure.
Preparation of quarterly and annual financial reporting packages, including fund and co-investment financials and allocations, as well as individual Limited Partner reporting.
Ownership over G/L (daily journal entries, monthly reconciliations, monthly close).
Creating investment purchase and sales transaction journal entries, including unrealized gain/loss, realized gain/loss, and equity allocations.
Maintaining management company and general partner accounting records.
Working closely with auditors to prepare annual audited financials.
Working closely with tax advisors in filing state and federal tax returns.
Working directly with other teams to provide accounting data for investor presentations.
Calculating LP capital calls and distributions.
Addressing ad hoc and routine LP requests.
Cash management, including wire transfers and online banking.
Managing vendor relationships and all AP/AR functions, expense reimbursements and portfolio billing.
Monitoring accounting compliance by maintaining reporting and process-driven checklists.
Applying terms of partnership agreements and contracts to accounting.
Overseeing third party service provider by delegating projects and reviewing deliverables.
Special projects and support of all other accounting functions as needed.
Bachelor’s Degree required.
Two to four years of related accounting experience.
CPA candidate preferred.
Excellent written and oral communication skills.
Strong organizational skills and attention to detail.
Ability to prioritize and multitask in a dynamic, fast-paced business environment with impeccably high standards of professionalism and quality.
Ability to work with minimal direction.
Proficient with Microsoft Word, Excel, PowerPoint, Zoom, Slack, Outlook and Adobe Acrobat.
Familiarity with Sage Intacct, Investment Café and bill.com is a plus.
Strong understanding of GAAP and fair value accounting.
Experience in Fund/Partnership Accounting, including income allocations, capital calls, management fee calculations.
Solid general accounting skills related to booking journal entries, monthly reconciliations, and closing the books.