Manager, Closed End Fund Accounting

• Location: Downtown LA, California
• $100000 - $140000 base salary
• Remote: Remote
• Type: Direct Hire
• Job #841
• Salary: $100,000.00

A leader among global investment managers specializing in alternative investments, with $163 billion in assets under management, is hiring a Manager, Closed-End Fund Accounting. This firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1000 employees and offices in 18 cities worldwide.
 

Responsibilities

• Ensuring investment legal entities are being accounted for pursuant to the governing legal and tax documents.
• Reviewing and analyzing deal structure charts and translating that information into fund flows schedules and deal structure set up in the accounting systems of record.
• Working with the tax department to identify any tax holdback requirements before transferring proceeds upstream to the parent fund entities.
• Working with the offshore team and fund accounting to ensure appropriate investment funding allocations are used for multi-fund deals and/or for funds that may have investment restrictions. 
• Reviewing calculation of allocations by partner class (including identification of entity expenses specific to electing blocker partners vs. other partner types).
• Reviewing and approving wires for investment fundings, entity seedings, and upstreams.
• Reviewing quarterly and annual books for the various investment legal entities including reconciliation of the trial balance, economic allocations and ownership splits for each entity in the deal structure.
• Coordinating with funds’ internal tax group and as well as external tax preparers to prepare support for various tax filings and reporting.
• Monitor, reconcile, and report on any blocker notes or third-party debt that may be part of deal structures.
• Providing oversight and training to our offshore accounting team in preparing and maintaining the books and records of investment legal entities.
• Review of GP and Alternative Investment Fund profit and loss allocation, capital activity, and capital balance reconciliations and analyses for the funds.
• Perform other tasks as required.

Qualifications

• 5-7 years relevant experience in either public or private accounting or tax;
• Strong knowledge of private credit or private equity fund strategies/investments.
• Superior written and verbal communication skills with the ability to work effectively both individually and as a team; and
• Solid analytical skills and ability to understand and resolve complex problems.
• Not a requirement, but of great value: familiarity with basic LP-level tax considerations.
• Personal Attributes:
  • Self-motivated with strong attention to detail and excellent work ethic;
  • Great organizational skills and is able to handle complicated work efficiently and effectively;
  • Takes initiative to ask questions and detect problems;
  • Superior written and verbal communication skills with the ability to work effectively both individually and as a team; and
  • Ability to understand and resolve complex problems.
• Education:
  • Bachelor’s degree required. Partnership taxation experience and Geneva/GWI experience are a plus but not required.