Associate, Fund Accounting

LHH; Washington, Baltimore (District of Columbia, MD); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Paid parental leave

Disability insurance

Job summary

A private equity management firm in Washington is looking for an Executive Recruiter in Accounting and Finance. This role involves managing fund accounting tasks, preparing financial reports, and ensuring compliance with GAAP standards. Ideal candidates should have a Bachelor’s degree in Finance or Accounting and 2+ years of relevant experience. The position offers a full-time contract with attractive benefits, including medical, dental, and a 401k plan.

Qualifications

• 2+ years of experience in public accounting or fund accounting, preferably with an alternative asset manager.
• Solid foundation in Excel and financial modeling required.
• Demonstrated knowledge of GAAP.

Responsibilities

• Assist in the preparation of fund cash forecasts and coordinate capital calls.
• Analyze deal documentation for accurate reporting and allocations.
• Prepare internal asset management reports.

Skills

Excel-based financial modeling

GAAP knowledge

Education

Bachelor’s degree in Business, Finance, Accounting or Economics

Job description

Executive Recruiter | Accounting & Finance | Aligning Top Candidates with Top Companies

LHH is partnering with a private equity management firm to add an Associate to their team. The role will collaborate on managing fund admins, perform hands-on fund accounting tasks, and have some light FP&A responsibilities.

Responsibilities

• Assist in the preparation of fund cash forecasts and coordinate the capital call and distribution processes


• Coordinate the calculation of NAVs with third party administrators and maintain accounting records of fund and/or separate account portfolios. Review financial statements quarterly


• Analyze and interpret deal documentation for accounting and financial reporting purposes, including accurate application of distribution waterfall to calculate incentive allocations and performance returns


• Prepare internal asset management reports


• Ensure accuracy and proper accounting treatment of investment activities of the entities


• Verify accounting treatment of investor activities including contributions and withdrawals, funded and unfunded commitments, calculation of asset-based fees and expenses, allocation of income/loss and expenses, NAV computation, series accounting, and calculation of Internal Rate of Return

Requirements

• Bachelor’s degree in Business, Finance, Accounting or Economics


• 2+ years of experience; Big 4 public accounting, fund accounting with an alternative asset manager, and real estate experience preferred


• 2+ years of private equity experience preferred


• Solid foundation in Excel-based financial modeling, prior valuations experience preferred


• Demonstrated knowledge of GAAP

Benefits Overview

• Benefit offerings for full-time employment include medical, dental, vision, term life and AD&D insurance, short-term and long-term disability, additional voluntary benefits, wellness plans, and a 401k plan


• Personal Time Off PTO is offered on an accrual basis up to 20 days initially, 13 Paid Holidays, and up to 6 weeks of Paid Parental Leave (1+ years of employment). PTO and holiday hours are prorated based on hire date within the calendar year.


• Annual discretionary bonus based on company and individual performance

If this is an opportunity that interests you, please apply directly here, or email your resume to [e-mail] for immediate consideration.

Equal Opportunity Employer/Veterans/Disabled. To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy

Fair Chance Act compliance

• The California Fair Chance Act


• Los Angeles City Fair Chance Ordinance


• Los Angeles County Fair Chance Ordinance for Employers


• San Francisco Fair Chance Ordinance

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing


• Industries: Real Estate and Venture Capital and Private Equity Principals

Inferred from the description for this job

• Medical insurance


• Vision insurance


• 401(k)


• Paid maternity leave


• Paid paternity leave


• Disability insurance


• Location: Washington DC-Baltimore Area