Fund Accounting Associate (Fund Administration)

CliftonLarsonAllen; Des Moines (IA); On-site; USD 55,000 - 99,000; Full time

Benefits offered by this job

Wellness program

Health benefits

Dental

Vision

401k plan

Job summary

CLA, a national professional services firm, is seeking a Fund Accounting Associate to join our Fund Administration group in the United States. You will support a broad set of accounting and fund administration activities for investment funds.

Key tasks include maintaining fund accounting records, reconciliations, financial statement support, processing transactions, and preparing investor reporting, capital calls, and distributions.

Qualifications

• Experience: Accounting and financial experience is preferred.
• Education: Bachelor’s degree is required. Combination of related experience, education, and training may be accepted in lieu of degree.

Responsibilities

• Maintain fund accounting records and general ledger activity for investment funds.
• Prepare bank, cash, and balance sheet reconciliations.
• Assist with monthly, quarterly, and annual financial statement preparation.
• Process accounts payable, cash disbursements, cash receipts, and other fund transactions.
• Support capital call and distribution activities, including investor communications.
• Prepare investor capital account statements and reporting packages.
• Assist with management fee calculations and expense allocations.
• Help coordinate audit support requests and prepare workpapers.
• Research and resolve accounting issues while ensuring compliance with applicable accounting standards.
• Build and maintain strong relationships with clients, investors, and internal team members.
• Continuously develop knowledge of investment fund structures, accounting principles, and industry technology platforms.

Skills

Accounting experience

Financial experience

Education

Bachelor's degree

Job description

CLA is a national professional services firm where our purpose is to create opportunities every day, for our clients, our people, and our communities through industry-focused wealth advisory, digital, audit, tax, consulting, and outsourcing services. Even with more than 8,500 people, 130 U.S. locations, and a global reach, we promise to know you and help you. Our firm is dedicated to building a culture that invites different beliefs and perspectives to the table, so we can truly know and help our clients, communities, and each other.

We are currently hiring for a Fund Accounting Associate to join our Fund Administration group. As a Fund Accounting Associate, you will support a variety of accounting and fund administration activities, including:

• Maintain fund accounting records and general ledger activity for investment funds.
• Prepare bank, cash, and balance sheet reconciliations.
• Assist with monthly, quarterly, and annual financial statement preparation.
• Process accounts payable, cash disbursements, cash receipts, and other fund transactions.
• Support capital call and distribution activities, including investor communications.
• Prepare investor capital account statements and reporting packages.
• Assist with management fee calculations and expense allocations.
• Help coordinate audit support requests and prepare workpapers.
• Research and resolve accounting issues while ensuring compliance with applicable accounting standards.
• Build and maintain strong relationships with clients, investors, and internal team members.
• Continuously develop knowledge of investment fund structures, accounting principles, and industry technology platforms.

Job Requirements:

• Experience: Accounting and financial experience is preferred.
• Education: Bachelor's degree is required. Combination of related experience, education, and training may be accepted in lieu of degree.

Our approach to compensation emphasizes collaboration and career growth. We pay competitive wages and view compensation as an investment in our people. Factors such as geography, experience, education, skills, and knowledge may impact position of pay within the range.

The compensation range for this position in Minnesota is: $55,000.00 - $95,000.00

The compensation range for this position in Illinois is: $55,000.00 - $99,000.00

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Wellness at CLA

• To support our CLA family members, we focus on their physical, financial, social, and emotional well-being and offer comprehensive benefit options that include health, dental, vision, 401k and much more.

To view a complete list of benefits, click here.