Job Description

Accounting Manager

Our client is a large reputable Financial Services firm with over $100B AUM located in Los Angeles, CA. They foster a healthy work-life balance with great internal progression and excellent benefits. They are seeking an Experience and Dynamic Accounting Manager who will be joining their Fund Accounting department.

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

Job Summary:

The 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.

Responsibilities:

• Preparation and maintenance of the books and records of pooled private investment funds organized as limited partnerships and/or separate accounts
• Preparation and/or review of complex management fee and waterfall calculations
• Recording and reconciliation of cash, investments, and other balance sheet accounts
• Recording of purchase and sale transactions
• Accounting for complex corporate actions
• Estimating and posting accruals
• Preparation and/or review of allocations 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 drawdowns
• Preparation of monthly, quarterly, and annual financial reports
• Analyzing and calculating 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 is a plus.
• Minimum 5 years of relevant accounting or audit experience within Big Four 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
• Self-motivated with strong attention to detail and excellent work ethic
• Great organizational skills and is able to handle complicated work efficiently and effective
• 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
• Ability to understand and resolve complex problems

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