Senior Fund Accountant

Larson Financial Group; Houston (TX); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Profit Sharing Bonus Program

401(k) Employer Match up to 4%

Medical, Dental & Vision Insurance (HD

HDHP HSA plans are 100% paid for the…

Job summary

Larson Capital Management, LLC is seeking a dynamic Senior Fund Accountant to perform daily reporting for multiple private equity real estate funds. The role covers accounting, operations, and administration of assigned funds, with a focus on valuations, fee computations, and income allocations.

The incumbent will prepare annual financial statements, assist with audits, liaise with managers and auditors, and support client reporting and special projects in a fast-paced, entrepreneurial

Qualifications

• Bachelor’s degree in accounting or finance is required.
• 5–7 years’ experience in PE fund accounting and/or administration.
• Thorough knowledge of consolidations, eliminations, intercompany, investment, and fair value accounting.
• Experience with Yardi accounting software preferred.
• Background in accounting for various entities including private equity funds, hedge funds, and real estate.
• Expertise in investment instruments including equities, fixed income, options, futures, private equity, and real estate.
• Ability to excel in a fast paced, entrepreneurial environment.
• Strong communication skills, organizational skills, and attention to details.

Responsibilities

• Provide investment accounting support for a portfolio of private investment holdings.
• Prepare reconciliations of fund cash and investment positions to prime broker/custodian accounts; track fund expenses and fees.
• Maintain fund books and records per Offering Memorandum and constitutive documents.
• Prepare initial drafts of fund annual financial statements with GAAP footnotes and assist with audits.
• Ensure ongoing compliance with controls and procedures.
• Assist with business development, client reporting/analysis requests, and special projects.
• Assist development team with invoicing for fund reimbursements and tracking expenditures.
• Prepare and review financial statements for development properties and reconcile with draws.
• Review bank transactions and verify wire/ACH instructions with outside parties.
• Calculate management fees billed to funds and enter through AP.

Job description

Larson Capital Management, LLC, is seeking a dynamic fund accounting professional to perform daily reporting functions for multiple private equity real estate funds. The Senior Fund Accountant is responsible for the accounting, operations, and administration of assigned private investment funds managed by a premier Venture Capital firm. The firm also manages several asset classes, including private equity and growth equity. The Senior Fund Accountant position offers competitive pay, a generous bonus program and a comprehensive benefits package.

The Senior Fund Accountant is responsible for the preparation and review of hedge fund and private equity fund valuations, including portfolio valuation, fee computation, various accruals, and income allocations. In addition, the incumbent will be involved in the preparation and review of the annual audit reports, act as a direct liaison with the fund managers, auditors, and other related parties.

Responsibilities:

• Provide investment accounting support for a portfolio of private investment holdings.
• Prepare reconciliations of fund cash and investment positions to the prime broker/custodian accounts and track fund level expenses, accruals, management fees and incentive fees.
• Maintain Fund books and records in accordance with the Offering Memorandum and other Constitutive Documents.
• Prepare initial draft of a fund’s annual financial statements with footnotes in accordance with GAAP and provide audit assistance to independent audit firms during the fund’s annual review.
• Ongoing review and compliance with controls and procedures
• Assist with business development, client specific reporting/analysis requests, and special projects.
• Assist internal development team with development projects as needed (prepare invoices for fund reimbursements, provide total amount spent on projects as needed, track total equity provided).
• Prepare and review financial statements for development properties by working with internal development team as well as outside developer, reconciling developer TB with draw activity and incorporating into our financials.
• Review bank transactions before sending off for approval, including verifying wire/ACH instructions with outside parties.
• Calculate management fees billed to the funds and enter through AP system.

Requirements

• Bachelor’s degree in accounting or finance required
• 5-7 years’ experience in the PE fund accounting and / or administration
• Thorough knowledge of consolidations, eliminations, intercompany, investment, and fair value accounting.
• Experience with Yardi accounting software preferred but not required
• Background in accounting for various types of entities including private equity funds, hedge funds (Master Feeder Structures, Standalone Entities, Side by Side and Segregated Portfolios)
• Expertise in various investment instruments including equities, fixed income, options, futures, private equity, mutual fund investments and/or real estate
• Ability to excel in a fast paced, entrepreneurial environment
• Strong communication skills, organizational skills, and attention to details

Larson Capital Management offers a generous employee benefits & perks package:

• Profit Sharing Bonus Program
• 401(k) Employer Match up to 4%
• Medical, Dental & Vision Insurance (HDHP HSA plans are 100% paid for the employee)