Private Equity Fund Accounting Manager

2 days ago


Los Angeles, California, United States Consultative Search Group Full time
Job Title: Accounting Manager for Private Equity Fund Accounting

Consultative Search Group is seeking a highly skilled Accounting Manager for Private Equity Fund Accounting to join our client's dynamic team.

The Accounting Manager will be responsible for maintaining the financial records and reports for various private partnerships and accounts, as well as providing timely and accurate financial information to clients and the portfolio group.

Key Responsibilities:

  • Prepare and maintain financial records and reports for pooled private investment funds organized as limited partnerships and/or separate accounts.
  • Account for and reconcile cash, investments, and real property.
  • Record and reconcile purchase and sale transactions.
  • Account for complex corporate actions.
  • Estimate and post monthly closing accruals.
  • Calculate income and expense allocations to each partner, including updating the distribution waterfall based on the terms of the governing documents.
  • Determine and prepare distributions and draw-downs.
  • Prepare monthly, quarterly, and annual financial reports to clients.
  • Analyze and calculate performance metrics for partnerships/accounts as well as for each investment.
  • Coordinate with funds' independent auditors, custodians, prime brokers, and fund administrators.
  • Perform other tasks as required.

Requirements:

  • Minimum 5-7 years relevant accounting or audit experience with a mix of Big Four public accounting and investment management industry experience.
  • Strong knowledge of reconciliation and account analysis.
  • Excellent understanding of accounting and the ability to apply relevant investment company accounting rules.
  • Solid analytical skills and ability to understand and resolve complex problems.
  • Proficiency in Microsoft Excel, Word, and PowerPoint.

Education:

Bachelor's degree in Accounting or Finance. CPA a plus.



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