Senior Accounting Associate

• Location: West LA, California
• $90000 - $120000 base salary
• Type: Direct Hire
• Job #824
• Salary: $90,000.00

A Los Angeles-based financial services company is hiring a Senior Accounting Associate for their Santa Monica location. They are looking for a candidate who is confident in their abilities and who has the ability to think critically about systems and processes to improve them through ingenuity and hard work.

Responsibilities:

• Ensure timely and accurate accounting for a private equity fund, hedge fund, and/or management company accounting entities, including (as applicable) payables, capital subscriptions/commitments, capital calls, distributions/realizations, expense, and income/incentive allocations waterfalls, ownership percentages, and rates of return
• Review and interpret outside financial information, including outside manager subscription agreements, capital calls, capital statements, distribution notices, and audited financial statements to ensure financial terms and classifications are accounted for in accordance with fair value GAAP accounting
• Prepare and analyze GAAP-compliant fund/investment company financial statements and performance reporting across a myriad of entities, including applicable note disclosures and supporting schedules
• Execution of public portfolio investment operations, such as trade allocations, prime brokerage workflows, stock borrows, trade settlement, portfolio reconciliation, cash and collateral management
• Coordinate investment subscriptions, capital calls, redemptions, and any resulting preparation or processing of wires, transfers, or other methods of cash movement.
• Actively manage the central investment inbox(es) and any related investor portal/document storage software for investment-related documents, such as investment subscriptions/commitments, capital calls, distributions/realizations, ownership percentages, K-1s, performance reports LPA amendments, FACTA compliance, Form ADVs, PFIC statements, and more
• Facilitate the distribution of and communication around K-1s and other tax documents with key internal stakeholders and investors
• Assist in the daily execution of a robust system of internal controls
• Operationalize solutions to enhance, optimize and/or automate recurring accounting activities, including the implementation of any related software
• Coordinate the submission of timely and accurate regulatory reporting (where applicable)
• Flexibility to take on special or ad-hoc finance and accounting projects as they arise 

Requirements:

1. Academic
   1. Bachelor’s degree in Accounting
   2. Certified Public Accountant or equivalent preferred
2. Work experience
   1. 2-4 years of public accounting with a focus on financial services or fund administration experience
      1. Experience with multiple asset classes (public and private securities)
      2. Knowledge of closed-end fund structures (closes, capital calls, distributions), VC/PE fee structures (management fees, carried interest, incentive fees), and private portfolio company investment transactions and valuation approaches
      3. Family office experience is not required but is a plus
   2. Track record of success in building trust with stakeholders while maintaining the utmost level of professionalism and confidentiality
3. Software
   1. Strong MS Excel / PowerPoint / SharePoint skills
   2. Working knowledge of fund accounting and order management software packages. Experience with Quickbooks, Geneva World Investor, Eze OMS, Canoe Intelligence, TNR, and/or Core-Sightline is helpful.