Senior Manager

4 days ago


Chicago, Illinois, United States FHLB Des Moines Full time
Job Title: Senior Manager

**Job Summary:**

We are seeking a highly skilled Senior Manager to join our Fund Accounting team at FHLB Des Moines. As a Senior Manager, you will be responsible for leading the accounting and reporting for one or more funds and providing support to various other funds, new initiatives, and ad-hoc requests.

Key Responsibilities:
  • **Lead Accounting and Reporting:**
    • Ensure processes and output are consistent with US GAAP and specific partnership agreements.
    • Review and implement month-end close processes and collaborate with the Technology Solutions Team to ensure proprietary systems are developed to support fund mechanics.
  • **Operationalize Complex Partnership Agreements:**
    • Account for investments, incentive fee arrangements, and partner allocations.
  • **Manage Fund Level Expenses:**
    • Calculate and book fund level expenses such as management fees, incentive fees, and accruals in accordance with GAAP and applicable legal documents.
  • **Review Financial Statements:**
    • Review the preparation of one or more Private Fund's balance sheet, income statement, and monthly reporting package.
  • **Support Investor Communications:**
    • Assist the Investor Communications Team in meeting regular, periodic investor reporting requirements and responding to various investor requests through the preparation of quarterly statements.
  • **Manage Third-Party Administrator:**
    • Where appropriate, manage third-party administrator on the NAV production for specific legal entities.
  • **Develop Strong Relationships:**
    • Develop and maintain strong, results-oriented relationships with third-party administrators to achieve the firm's quality and timeliness objectives.
  • **Drive Analysis and Support:**
    • Drive analysis and support for capital calls and distributions, coordinating with Investor Communications, Treasury, and Senior Leadership on the planning, preparation, and execution of calls and distributions.
  • **Provide Timely and Accurate Reporting:**
    • Provide timely, accurate, and meaningful fund and general business reporting and analysis to Firm leadership.
  • **Support Financial Statements:**
    • Support the preparation of the financial statements and provide information and support to the Firm's independent auditors.
  • **Assist with Ad-Hoc Projects:**
    • Assist in various ad-hoc projects and requests.
  • **Promote Process Improvement:**
    • Promote the implementation of process improvement opportunities.
  • **Collaborate with Team Members:**
    • Collaborate and partner closely with Fund Accounting Team members as well as other Shared Services Teams (e.g., Investor Communications, Treasury, Operations, and Tax).
Requirements:
  • **Bachelor's Degree in Accounting:**
    • Required.
  • **CPA:**
    • Strongly encouraged.
  • **Accounting Experience:**
    • 8+ years of accounting experience in the financial services industry (e.g., private equity/leveraged finance/hedge fund or similar).
  • **Advanced Proficiency in Excel:**
    • Required.
  • **Experience with IFRS and Lux GAAP:**
    • A plus.
  • **Proficiency in Workday, Wall Street Office, and Similar Packages:**
    • A strong plus.
  • **Exceptional Team Orientation and Collaboration Skills:**
    • Prior people leadership experience preferred.
Compensation and Benefits:

We offer a competitive compensation package, including medical, dental, vision, and 401(k) benefits.

FHLB Des Moines is an Equal Opportunity Employer.



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