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Investment Accounting Associate

Recruiting Resources, Inc.

Investment Accounting Associate

Culver City, CA
Full Time
Paid
  • Responsibilities

    >100% Remote currently | Partial-Remote possible post pandemic<

    Publicly traded global investment management firm is looking for a high performing Investment Accounting Associate. The Investment Accounting team is part of the global Investment Operations team within the broader Finance & Accounting Operations organization and is responsible for the firmwide analysis of new/existing investments and daily profit and loss, development of accounting and other investment policies as well as internal/external reporting as reporting and works closely with Accounting, FP&A, Operations, Compliance, Portfolio Management, Middle Office and Front Office.

    The individual will be responsible for monitoring a pipeline of deals to evaluate each for specific accounting, tax, compliance and legal concerns, preparing transaction analysis summaries for each deal which notate internal rationale for accounting treatment and ultimately ensuring deals are properly recorded in the accounting system. In addition, they will be responsible for reviewing daily profit and loss and coordinating with third party administrators on any anomalies to ensure on-going deal servicing is in accordance with policy.

    RESPONSIBILITIES

    Primary responsibility will be to prepare transaction analysis memos for deal flow (originations, exits and restructures) to ensure proper accounting in accordance with GAAP. Other responsibilities include:

    • Track deals in the pipeline to identify any accounting, tax or compliance concerns
    • Analyze credit terms, fee structures and syndication mechanisms to ensure proper revenue recognition in accordance with GAAP
    • Daily investigation of material profit and loss items and coordinate with third party admin to correct any inconsistencies
    • Maintenance of certain data fields specific for US Credit
    • Participate in weekly investment committee, watch list, valuation, allocation and strategy discussions
    • Participate and implement the company’s technological initiatives as it pertains to the investment process including building and maintaining internal modeling and monitoring tools
    • Assist with new systems implementation and cut over from current to new accounting system by reconciling data between the systems

    QUALIFICATIONS

    Education/Experience:

    • Bachelor’s Degree in finance or accounting required
    • CPA or CPA candidate preferred
    • 2-4 years of relevant work experience (public/fund accounting or product control preferred)
    • Strong Microsoft Office skills required (PowerBI/Tableau/Alteryx preferred)
    • Exposure to alternative assets, preferably credit instruments such as bank debt, bonds, structured products and other fixed income products preferred
    • Knowledge of investment accounting and the investment lifecycle

    General Requirements:

    • Dependable, great attitude, highly motivated and a team player
    • A self-directed individual with a can-do attitude, willing to work in an energetic, collaborative and fast-paced environment, proactive in nature, and a proven ability to learn quickly, display flexibility and adaptability while resolving issues with minimal supervision
    • Strong sense of ownership and accountability
    • Strong problem-solving and analytical skills
    • High accuracy and detail orientation; confident decision-making skills
    • Excellent organizational and interpersonal skills
    • Outstanding communication (written and verbal), presentation, documentation, and interpersonal skills; strong customer focus
    • Ability to successfully manage multiple priorities and competing demands; strong time management and prioritization skills
    • An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
    • Able to pick up and work with new technology solutions (Power BI, multiple Excel add ins, SharePoint. Etc.)
    • Flexibility regarding role profile and willingness to take on new projects and learn new skills
    • Ability to handle confidential information appropriately
    • Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
    • Good judgment in terms of escalating issues vs. solving problems independently