Fund Accountant

Townsend Group; Cleveland (OH); On-site; USD 60,000 - 85,000; Full time

Job summary

Townsend Group is seeking a Fund Accountant to support accounting and reporting for our private funds, serving high-net-worth and institutional investors. The role reports to the Fund Controller and collaborates with the portfolio management team and consultants.

Responsibilities include reconciliations, cash activity, maintaining capital account balances, quarterly reporting to limited partners, producing capital statements in Investran, and assisting with quarterly and annual GAAP financial

Qualifications

• Bachelor's degree in accounting or finance.
• 1-2 years of experience.
• Strong analytic skills.
• Intermediate knowledge of Excel.
• Effective communication and ability to work with fund managers, outside accountants and attorneys.
• Experience with partnership capital accounting a plus.
• Experience with private fund management and/or real estate investments a plus.
• Experience with Investran software a plus.

Responsibilities

• Reconciling accounts, including bank reconciliations.
• Managing cash activity.
• Maintaining capital account balances under supervision of Fund Controller.
• Assist fund administrators with quarterly financial reporting to the limited partners.
• Produce limited partner capital account statements on Investran software.
• Assist in the preparation of quarterly reports and annual GAAP financial statements for Townsend’s funds.
• Working with outside accountants to assist the audit process and production of tax reports for investors.

Skills

Analytical skills

Excel proficiency

Communication skills

Collaboration with managers/investors

Education

Bachelor's degree in accounting or finance

Tools

Investran

Job description

Part of Townsend’s client base is composed of a series of pooled funds that have raised capital from high-net-worth US investors and certain non-US investors. Townsend also manages co-investment funds for institutional investors that are designed to generate targeted exposure to non-traditional investment areas (such as emerging managers or emerging markets).

Townsend is searching for an accountant to assist in the accounting and reporting process for the funds that are managed. The Fund Accountant will report to the Fund Controller and will work directly with the portfolio management team and other consultants.

Responsibilities:

• Reconciling accounts, including bank reconciliations
• Managing cash activity
• Maintaining capital account balances under the supervision of Townsend’s Fund Controller
• Assist fund administrators with quarterly financial reporting to the limited partners
• Produce limited partner capital account statements on Investran software
• Assist in the preparation of quarterly reports and annual GAAP financial statements for Townsend’s funds
• Working with outside accountants to help assist the audit process and the production of tax reports for investors

Qualifications:

• Bachelors in accounting or finance
• 1-2 years experience
• Strong analytic skills
• Intermediate knowledge of Excel
• Effective communication skills. The Associate may be called upon to work with managers of underlying funds, outside accountants and attorneys and to speak with fund investors and prospective investors
• Experience with partnership capital accounting a plus
• Experience with private fund management and/or experience with real estate investments is a plus
• Experience with Investran software a plus