Private Fund Accountant
2 weeks ago
Cobblestone Capital Advisors is seeking a highly skilled Private Fund Accountant to join their team. The successful candidate will play a key role in the financial reporting, tax reporting, and cash management activities of the Cobblestone-Managed Private Funds.
The ideal candidate will have a strong background in accounting and financial reporting, with experience working with private equity-style funds. They will be responsible for ensuring the accuracy, completeness, and timeliness of financial and tax reports, as well as coordinating with the firm's Operations Team to ensure accurate reporting of each Fund's financial information.
The Private Fund Accountant will also provide support to the 3rd-party bookkeeper during the preparation and dissemination of tax estimates and K-1s, and will coordinate with the 3rd-party administrator to ensure auditor possession of the requisite information to provide an opinion of the annual financial reports and accounting practices of each Cobblestone-Managed Private Fund.
The successful candidate will be a member of the firm's Private Investment Department and will report directly to the Director of Private Investments.
Responsibilities- Accounting and Financial Reporting
- Work in conjunction with 3rd-party bookkeeper to finalize quarterly accounting packages and annual financial statements for all Cobblestone-Managed Private Funds, ensuring their accuracy, completeness, and timeliness.
- Coordinate with Cobblestone's Operations Team to ensure accurate reporting of each Fund's financial information on internal portfolio accounting software systems.
- Prepare and maintain annual budgets covering the activities of the Private Investment Team and coordinate with the firm's Controller to ensure proper flow through to the firm's financial statements.
- Tax and Audit Support
- Provide support to 3rd-party bookkeeper during the preparation and dissemination of tax estimates and K-1s of the Cobblestone-Managed Private Funds.
- Coordinate with 3rd-party administrator to ensure auditor possession of the requisite information to provide an opinion of the annual financial reports and accounting practices of each Cobblestone-Managed Private Fund.
- Communications with Various Stakeholders
- Communicate the financial results of each Fund to the various firm stakeholders as well as other members of Cobblestone's Private Investment Team.
- Provide periodic updates to Fund investors regarding the timing of key deliverables, such as tax reporting and the audited annual financial statements.
- Cash Management
- Coordinate with 3rd-party to tabulate and process capital calls, distributions, and the cash transfers associated with each Fund.
- Other
- Perform ad-hoc analyses in support of client inquiries and the investment function.
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