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  • Location: Downtown LA, California
  • Remote: Remote
  • Type: Direct Hire
  • Job #95

The Sr. Accounting Manager/AVP will be responsible for maintaining the books and records for various private partnerships and accounts, as well as reporting to clients and the portfolio group.

 

Responsibilities will include:

  • Preparing and maintaining the books and records of pooled private investment funds organized as limited partnerships and/or separate accounts;
  • Accounting for and reconciliation of cash, investments and real property;
  • Recording and reconciling of purchase and sale transactions;
  • Accounting for complex corporate actions;
  • Estimating and posting of monthly closing accruals;
  • Calculating of income and expense allocations to each partner, including updating of distribution waterfall based on the terms of the governing documents;
  • Determining and preparing distributions and draw-downs;
  • Preparing of monthly, quarterly, and annual financial reports to clients;
  • Analyzing and calculating of performance metrics for partnerships/accounts as well as for each investment;
  • Coordinating with funds’ independent auditors, custodians, prime brokers and fund administrators;
  • Performing other tasks as required.

     

    Qualifications

     

  • Minimum 10+ years relevant accounting or audit experience within Big Four public accounting or a mix of public accounting and investment management industry experience;
  • Minimum 6+ years managerial experience of an accounting team;
  • Both private and public accounting experience preferred;
  • Strong knowledge of reconciliation and account analysis;
  • Excellent understanding of accounting and the ability to apply relevant investment company accounting rules;
  • Solid analytical skills and ability to understand and resolve complex problems; and
  • Proficiency in Microsoft Excel, Word and PowerPoint.

     

    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 in Accounting or Finance. CPA a plus.

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