Associate Manager

Ultimus Fund Solutions; Boston (MA); On-site; USD 90,000 - 140,000; Full time

Job summary

Ultimus Fund Solutions in Boston, MA seeks an experienced accounting professional to oversee the preparation and distribution of quarterly financial statements for the Limited Partners, reporting on Fund performance.

You will supervise preparation of schedules supporting ledger balances, interpret partnership terms, and manage complex waterfall calculations while coordinating with auditors and regulators as needed.

Qualifications

• 3–5+ years of accounting experience in a related field.
• 0–2+ years supervisory experience in performance management, training, or retention.
• Bachelor’s Degree in Accounting or related field.
• MBA or MSA in Accounting preferred.
• CPA license strongly preferred.

Responsibilities

• Oversee the preparation and distribution of quarterly financial statements to the Limited Partners to report information regarding the Fund's performance.
• Oversee the preparation of schedules to support the general ledger balances reported in the financial statements.
• Calculate, prepare, and distribute capital call notices to the Limited Partners when contributions are due.
• Understand and interpret terms set forth within the Limited Partnership Agreement.
• Calculate and review complex waterfall structures.
• Complete required regulatory forms to ensure the Fund complies with regulation requirements.
• Calculate and distribute proceeds to Limited Partners to return capital owed to them.
• Interact with auditors and provide reports to assist during audits.
• Provide supervision, guidance and coaching to the team, including regular training support as needed.

Skills

Accounting

Leadership

Attention to detail

Education

Bachelor's Degree in Accounting

MBA/MSA preferred

Tools

Investran

Excel

Job description

• Oversee the preparation and distribution of quarterly financial statements to the Limited Partners to report information regarding the performance of the Fund;
• Oversee the preparation of schedules to support the general ledger balances reported in the financial statements;
• Calculate, prepare, and distribute capital call notices to the Limited Partners to notify them when contributions are due;
• Understand and interpret terms set forth within the Limited Partnership Agreement;
• Calculate and review complex waterfall structures;
• Complete required regulatory forms to ensure the Fund complies with specific regulation requirements;
• Calculate and distribute proceeds to Limited Partners to return capital owed to them;
• Communicate directly with the General Partners and respond promptly to their requests to provide them with the information they require;
• Review investment packages to confirm the securities purchased are wired to the correct beneficiary and are for the appropriate amounts;
• Calculate management fees owed to the Management Company for the investment and portfolio management services they provide to the Fund;
• Interact with auditors and provide them with reports/support to assist them during the audit;
• Complete audit confirmations to satisfy procedures performed for the audits of the Limited Partners;
• Ability to multi-task between different tasks, client deliverables and internal demands throughout the day;
• Provide supervision, guidance and coaching to the team, including regular training support as needed;

Requirements

• 3 – 5+ years’ (relevant) experience in Accounting or related field;
• 0 - 2+ years’ supervisory experience in the following: performance management (including coaching, progressive discipline, performance review delivery etc.), training, talent acquisition and retention;
• Minimum of a Bachelor’s Degree in Accounting or related field;
• Advanced degree (MBA or MSA) in Accounting or related field strongly preferred;
• Certified Public Accountant (CPA) license is strongly preferred;
• Experience in forecasting and budgeting during an accelerated growth period;
• Proficient in Microsoft Office Suite with knowledge of Investran or other partnership accounting software a plus;
• Ability to multitask, time management, attention to detail, planning and problem-solving skills required;
• Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients and;
• Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines.