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Accounting Manager, Fund | Investments Accounting [Hybrid/Remote schedule] for large reputable Financial Services firm in DTLA

Vertical Careers, Inc.

Accounting Manager, Fund | Investments Accounting [Hybrid/Remote schedule] for large reputable Financial Services firm in DTLA

Los Angeles, CA
Full Time
Paid
  • Responsibilities

    Accounting Manager / Senior Accounting Manager 

    Our client is a large reputable Financial Services firm with over $100B AUM located in Downtown Los Angeles |DTLA]. They foster a healthy work life balance with great internal progression and excellent benefits. They are seeking for an Experience and Dynamic Senior Accounting Manager / Assistant Vice President who will be joining their Strategic European Principal Group.

    They offer exceptional Benefits including 401K matching, Generous PTO | Holidays, Growth | Succession Planning opportunity. They are working hybrid schedule with flexibility.

    Responsibilities

    The Accounting Manager/Senior Accounting Manager 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.

    • 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

    • Bachelor’s degree in Accounting or Finance. CPA a plus.
    • 5+ years relevant accounting or audit experience within Big Four /Big 4 or Tier 2 CPA, public accounting or a mix of public accounting and investment management industry experience;
    • 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.