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  • Location: Downtown LA
  • Remote: Remote
  • Type: Direct Hire
  • Job #562
Established investment management firm in Downtown LA is looking for a Senior Fund Accountant. The position will be primarily focused on ensuring the timely and accurate completion of fund level reporting, including fund accounting, financial reporting, managing credit facilities, RIC /40 Act compliance, capital calls/distributions, tax reporting, fund expenses, and treasury services.


  • Fund Accounting
    • Prepare month-end NAV and closing packages using data from internal accounting system and manual calculations
    • Prepare calculations of management fees, fund level IRRs, hurdle rates, incentive fees and carry allocations in accordance with governing fund documents
    • Book fund level transactions and investor capital activity in the internal accounting system and setup accrual schedules and other manual calculations as needed
    • Prepare quarterly and annual financial statements and the Notes to the Financial Statements 
    • Maintain capital activity report of unfunded commitments, recallable capital and available capital
    • Prepare allocations of capital calls and distributions and set up notices accordingly
    • Calculate and provide investor allocations of quarterly P&L for investor statements
    • Assist with quarterly and yearly audit inquires and requests 
    • Complete ad hoc projects as assigned 
  • Credit Facility
    • Prepare borrowing and repayment notices, issuer orders, borrowing base and compliance certificates
    • Update borrowing base reports for subscription facilities and asset-backed facilities and related activities
    • Assist with the preparation of Monthly and Payment Date Reports for Credit Facilities
  • Tax and Compliance
    • Assist with the RIC and 40act asset-diversification and asset coverage tests as well as various income and distribution tests
  • Cash Management
    • Review daily cash reconciliations and assist with management of cash balances through use of credit facilities and other fund level activities
  • Bachelor's degree in Accounting, Finance, or Economics
  • At least 3 years of fund accounting experience, preferably within large investment firms or financial institutions
  • Background in alternative investment funds with a focus on asset backed facilities or CLO’s
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