Financial Reporting

Confidential; Hackensack (NJ); On-site; USD 85,000 - 92,000; Full time

Job summary

Confidential in Hackensack, NJ seeks a Financial Reporting Specialist to supervise a team delivering accounting, administration, financial reporting, and regulatory reporting for investment companies, including hedge funds and private equity vehicles.

The role requires 5–7 years in alternative investments, strong portfolio accounting knowledge, and CPA preferred. You will drive accuracy, client service, and compliance with audit and tax processes.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 5–7 years of experience in the alternative investments industry.
• Strong understanding of portfolio accounting and the investment management industry.

Responsibilities

• Supervise a team of administrators providing accounting, administration, financial reporting, and regulatory reporting services to investment companies, including hedge funds, private equity funds, CLOs, and other alternative investment vehicles.
• Provide accounting and administration support to investment advisers and institutional clients.
• Serve as the primary escalation point for assigned clients and lead resolution of complex accounting, reporting, and operational issues.
• Develop strong client relationships and act as a trusted advisor by understanding changing business strategies and requirements.
• Review accounting and financial statement information prepared for audit and tax reviews.
• Assist with the documentation and setup of accounting principles for unusual and complex investment types.
• Oversee the setup and processing of complex expense calculations, incentive fee calculations, and reconciliation items.
• Review qualitative and quantitative data to proactively identify operational and financial risks.
• Anticipate potential obstacles and implement appropriate mitigating solutions.
• Support process improvements and changes designed to enhance client service, controls, and operational efficiency.
• Ensure accurate and timely financial and regulatory reporting.

Skills

Portfolio accounting

Microsoft Office

Advent applications

Confluence

Investment management

Education

Bachelor's degree in Accounting/Finance

Tools

Confluence

Job description

Our client, a major bank, is looking to hire a Financial Reporting Specialist in Hackensack, NJ. Please note the client may be open to candidates in Lower NYC and Edison, NJ.

Pay Rate Range

62-67/hr W2

Responsibilities

Supervises a team of administrators responsible for providing accounting, administration, financial reporting, regulatory reporting, and investor servicing to investment companies and advisers. Serves as a trusted advisor to clients by continually assessing changing business needs and strategies, providing expertise, tools, and information to support investment growth.

Acts as the primary escalation point for assigned clients and directs issue resolution and process improvements to support client needs. Proactively identifies risk-related issues through the review of qualitative and quantitative data, anticipates obstacles, and implements mitigating solutions.

Job Description

• Supervise a team of administrators providing accounting, administration, financial reporting, and regulatory reporting services to investment companies, including hedge funds, private equity funds, CLOs, and other alternative investment vehicles.
• Provide accounting and administration support to investment advisers and institutional clients.
• Serve as the primary escalation point for assigned clients and lead resolution of complex accounting, reporting, and operational issues.
• Develop strong client relationships and act as a trusted advisor by understanding changing business strategies and requirements.
• Review accounting and financial statement information prepared for audit and tax reviews.
• Assist with the documentation and setup of accounting principles for unusual and complex investment types.
• Oversee the setup and processing of complex expense calculations, incentive fee calculations, and reconciliation items.
• Review qualitative and quantitative data to proactively identify operational and financial risks.
• Anticipate potential obstacles and implement appropriate mitigating solutions.
• Support process improvements and changes designed to enhance client service, controls, and operational efficiency.
• Ensure accurate and timely financial and regulatory reporting.

Requirements

Basic Qualifications

• Bachelor's degree in Accounting, Finance, or related field, or equivalent experience.
• 5–7 years of experience in the alternative investments industry, either at a fund, fund administrator, or Big Four/midsize public accounting firm performing fund audits.
• Strong understanding of portfolio accounting and the investment management industry.

Preferred Skills / Experience

• Working knowledge of Microsoft Office products.
• Thorough knowledge of Advent applications preferred.
• Thorough knowledge of the Confluence financial reporting platform preferred.
• Experience with hedge funds, private equity, CLOs, or other alternative investments.
• Strong understanding of portfolio accounting and investment management.
• Excellent verbal and written communication skills.
• Proven team leadership, organizational, and client management skills.
• CPA preferred.

Russell Tobin offers eligible employee’s comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, auto, home insurance, pet insurance and employee discounts with preferred vendors.

Russell Tobin is an equal opportunity employer. We do not discriminate on the basis of the race, religious creed, color, national origin, ancestry, physical disability, mental disability, reproductive health decision making, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, veteran or military status, or any other characteristic protected by applicable federal, state, or local law.

Russell Tobin is a Fair Chance employer. We consider all qualified applicants, including those with criminal histories, in a manner consistent with applicable state and local Fair Chance laws and ordinances, including, the California Fair Chance Act and all applicable local Fair Chance ordinances.

Accommodations

We are committed to providing reasonable accommodations to applicants and employees with disabilities. If you require a reasonable accommodation to participate in the application or interview process, or to perform the essential functions of this role, please contact us.

Only applicable for San Francisco Candidates: Under the San Francisco Lactation in the Workplace Ordinance, we will provide written notice of lactation accommodation rights, and this notice will automatically be given upon hiring, any inquiry of parental leave or lactation accommodation.