ASSISTANT VICE PRESIDENT ACCOUNTING (LEGAL ENTITY) FOR A LARGE PRIVATELY HELD FINANCIAL SERVICE[...]

Vertical Careers, Inc.; New York (NY); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking an Assistant Vice President of Accounting to join their dynamic team. This role is pivotal in maintaining and reviewing the books of investment legal entities, ensuring compliance with legal and tax documents. The successful candidate will collaborate with offshore and onshore teams to provide comprehensive reporting and analysis, making a significant impact on the firm's financial operations. If you're a detail-oriented professional with a strong background in investment accounting and a passion for private equity, this opportunity is perfect for you.

Qualifications

• 9+ years of experience in public or private accounting or tax.
• Strong knowledge of private credit or private equity fund strategies.

Responsibilities

• Ensure investment legal entities are accounted for per governing documents.
• Review and analyze deal structure charts for fund flows schedules.
• Provide oversight and training to the Legal Entity Accounting team.

Skills

Investment Accounting

Private Equity Knowledge

Analytical Skills

Communication Skills

Problem-Solving

Education

Bachelor's Degree in Accounting

Experience in Tiered Partnership Taxation

Job description

Tagged : Investment Accounting, Accounting, Private Equity, Public Accounting Assistant Vice President Accounting (Legal Entity)

Summary

The AVP will be part of a department responsible for maintaining and reviewing the books and records of the investment legal entities through which the companys funds hold various debt, equity, and other investments. The individual will work closely with offshore and onshore teams to provide reporting and analysis to tax, fund accounting, and other internal and external stakeholders.

Responsibilities will include

• Ensuring investment legal entities are being accounted for pursuant to the governing legal and tax documents.
• Reviewing and analyzing deal structure charts and translating that information into fund flows schedules and deal-structure setup in the accounting systems of record.
• Working with the tax department to identify any tax holdback requirements before transferring proceeds upstream to the parent fund entities.
• Working with the offshore team and fund accounting to ensure appropriate investment funding allocations are used for multi-fund deals and / or for funds which may have investment restrictions.
• Reviewing calculation of allocations by partner class (including identification of entity expenses specific to electing blocker partners vs. other partner types).
• Reviewing and approving wires for investment fundings, entity seedings, and upstreams.
• Reviewing quarterly and annual books for the various investment legal entities including reconciliation of the trial balance, economic allocations and ownership splits for each entity in the deal structure.
• Coordinating with funds’ internal tax group and as well as external tax preparers to prepare support for various tax filings and reporting.
• Monitoring, reconciling, and reporting on any blocker notes or third-party debt that may be part of deal structures.
• Providing oversight and training to our offshore and onshore Legal Entity Accounting team in preparing and maintaining the books and records of investment legal entities.
• Reviewing of GP and Alternative Investment Fund profit and loss allocation, capital activity, and capital balance reconciliations and analyses for the funds.
• Working on various process & technology improvement projects related to the tasks above.
• Performing other tasks as required.

Qualifications

• 9+ years’ relevant experience in either public or private accounting or tax;
• Strong knowledge of private credit or private equity fund strategies / investments.
• Superior written and verbal communication skills with the ability to work effectively both individually and as a team
• Solid analytical skills and ability to understand and resolve complex problems.
• Familiarity with tiered partnership structures and basic legal entity and LP-level tax considerations.

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

• Tiered partnership taxation experience and Geneva / GWI experience are a plus but not required.

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