Fund Accountant

K1 Investment Management; Manhattan Beach (CA); On-site; USD 75,000 - 90,000; Full time

Job summary

K1 Investment Management seeks an Accountant to oversee day-to-day financial, operational, and compliance functions for the firm in Manhattan Beach, CA. The role supports the Managing Director of Finance and collaborates with internal deal teams, fund administrators, consultants, and external auditors.

Responsibilities include timely GAAP reporting, fund launches coordination, review of quarterly reports to LPs, and managing cash flow.

Qualifications

• 1-4 years of public accounting experience (Big 4 preferred but not required)
• Or 1-3 years of portfolio reporting experience at a fund administrator, asset management company, or other related financial services company
• CPA preferred
• Ability to work in a fast-paced, high-growth environment
• Ability to analyze, summarize, and communicate information both verbally and in writing
• Ability to effectively manage time and deadlines
• Ability to both take direction and show initiative as appropriate
• Ability to quarterback assigned projects to resolution
• Strong proficiency with Microsoft Office suite applications
• Excellent organizational and interpersonal skills
• Uncompromising with respect to quality in all regards.
• Unquestionable ethics and integrity.
• Bachelor's degree - first generation college students are encouraged to apply

Responsibilities

• Assist in relationship management with internal and external resources such as internal deal teams, external fund administrators, external consultants and external auditors
• Meet all monthly, quarterly and annual reporting deadlines for compliance and finance functions
• Coordinate with various internal and external parties for new fund launches
• Coordinate, when needed, the production of reporting content from other K1 departments
• Assist in the preparation and review of quarterly reporting to limited partners and/or portfolio managers
• Review compliance reporting as applicable and assist in the management of debt facilities
• Review of quarterly and annual GAAP financial statements and footnote disclosures for all funds
• Assist in the review of the calculation of management fees and performance fees
• Assist in the preparation and review of regulatory compliance filings
• Review cash flow projections and assist in daily cash management
• Respond to ad-hoc limited partner, internal team member, and portfolio manager requests
• Review information provided to tax consultants for quarterly tax estimates, annual extensions, and annual tax returns
• Review and monitor fund expense budget and payments
• Manage internal corporate card expense review and approval process

Skills

Public accounting

Portfolio reporting

Time management

Communication

Microsoft Office

Education

Bachelor's degree

CPA preferred

Tools

Microsoft Office

Job description

K1 is seeking to expand our team by hiring an Accountant to oversee day-to-day financial, operational, and compliance functions for the firm located in Manhattan Beach, CA. The ideal Fund Accountant possesses the competence and expertise necessary to skillfully navigate client, third-party, and internal relationships and provide close support to the Managing Director of Finance.

Our core values both define and distinguish us in our industry. As such, we believe in the importance of maintaining a team culture that aligns with our four core values: Passion, Persistence, Humility, and Excellence.

This position requires an understanding of internal and external accounting processes; an ability to align with and support internal deal team and finance team members with high quality, efficient deliverables; as well as the competency to communicate effectively with consultants and clients.

Key Responsibilities:

• Assist in relationship management with internal and external resources such as internal deal teams, external fund administrators, external consultants and external auditors
• Meet all monthly, quarterly and annual reporting deadlines for compliance and finance functions
• Coordinate with various internal and external parties for new fund launches
• Coordinate, when needed, the production of reporting content from other K1 departments
• Assist in the preparation and review of quarterly reporting to limited partners and/or portfolio managers
• Review compliance reporting as applicable and assist in the management of debt facilities
• Review of quarterly and annual GAAP financial statements and footnote disclosures for all funds
• Assist in the review of the calculation of management fees and performance fees
• Assist in the preparation and review of regulatory compliance filings
• Review cash flow projections and assist in daily cash management
• Respond to ad-hoc limited partner, internal team member, and portfolio manager requests
• Review information provided to tax consultants for quarterly tax estimates, annual extensions, and annual tax returns
• Review and monitor fund expense budget and payments
• Manage internal corporate card expense review and approval process

Requirements:

• 1-4 years of public accounting experience (Big 4 preferred but not required)
• Or 1-3 years of portfolio reporting experience at a fund administrator, asset management company, or other related financial services company
• CPA preferred
• Ability to work in a fast-paced, high-growth environment
• Ability to analyze, summarize, and communicate information both verbally and in writing
• Ability to effectively manage time and deadlines
• Ability to both take direction and show initiative as appropriate
• Ability to quarterback assigned projects to resolution
• Strong proficiency with Microsoft Office suite applications
• Excellent organizational and interpersonal skills
• Uncompromising with respect to quality in all regards.
• Unquestionable ethics and integrity.
• Bachelor's degree - first generation college students are encouraged to apply

About K1

K1 is one of the largest investors in small-cap AI-powered software. Dedicated to transforming lives and industries by building category leaders in technology, K1 has invested in over 275 companies since inception.

Headquartered in Manhattan Beach, California, the firm partners early with founders and management teams to build AI-powered, mission-critical systems of record for enterprise clients globally.

As of the date of this posting, K1 Investment Management, LLC reasonably expects to pay $75,000-90,000 for the position of Fund Accountant.