Accounting Manager for Private Equity Fund Accounting

Consultative Search Group; Los Angeles (CA); On-site; USD 90,000 - 120,000; Full time

Job summary

A global investment firm is seeking a Manager for Private Equity Accounting to maintain books and records for various private partnerships and accounts. Responsibilities include reconciliation, complex corporate accounting, and financial reporting. Ideal candidates will have 5-7 years of experience in accounting/audit, strong analytical skills, and proficiency in Excel. A Bachelor's degree in Accounting or Finance is required, with CPA preferred.

Qualifications

• Minimum 5-7 years relevant accounting or audit experience with a mix of Big Four public accounting and investment management industry experience.
• Strong knowledge of reconciliation and account analysis.
• Excellent understanding of accounting and relevant investment company accounting rules.
• Solid analytical skills for complex problem resolution.
• Proficiency in Microsoft Excel, Word and PowerPoint.

Responsibilities

• Preparing and maintaining the books and records of pooled private investment funds.
• 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.
• Preparing monthly, quarterly, and annual financial reports to clients.
• Analyzing and calculating performance metrics for partnerships/accounts.
• Coordinating with independent auditors, custodians, and fund administrators.

Skills

Reconciliation and account analysis

Accounting knowledge

Analytical skills

Microsoft Excel proficiency

Problem-solving ability

Education

Bachelor’s degree in Accounting or Finance

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Our client is a prestigious, global investment firm that is seeking a Manager for Private Equity Accounting to join their dynamic team.

The 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.

Responsibilities

• 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 5-7 years relevant accounting or audit experience with a mix of Big Four 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.

Education

Bachelor’s degree in Accounting or Finance. CPA a plus.