What are the responsibilities and job description for the Fund Accounting Associate position at Andrews & Cole, LLC?
Our client, a leading institutional investor in the global energy and infrastructure sectors, is looking to add to its fund accounting team. Excellent benefits, great team, and opportunities for internal growth and promotion.
RESPONSIBILITES:
- Coordinate and monitor fund-level leverage utilization
- Analyze and interpret deal documentation for accounting and financial reporting purposes, including proper application of distribution waterfall to determine incentive allocations and performance returns
- Draft transaction memos covering divestures, restructuring, loan prepayments, make whole computation, restructuring and other analysis for management, investors and back-office providers
- Coordinate loan origination settlements and review related documentation with counterparties, agent banks, legal counsel, and loan servicing providers
- Support preparation of monthly, quarterly, and annual close packages for managed funds, including blocker entities and master-feeder structures
- Reconcile and track monthly investment activity, expense budget, accruals, management fees and carried interest calculations, etc.
- Oversee monthly, quarterly and annual financial reporting process in coordination with back -office providers, including drafting footnote disclosures
- Assist the tax team with fund and investor tax return preparation, including calculating current and deferred tax provisions at the entity level
- Prepare audit deliverables, including PBC schedules and confirmations, and manage external auditor requests
- Develop accounting position papers and perform technical research
- Collaborate daily with outsourced back-office and custody service providers
- Partner with compliance to support preparation and filing of regulatory reports
- Assist the capital development team and investor relations to support client service needs
- Calculate fund and portfolio level performance metrics and prepare monthly performance flash reports
- Support the team in identifying, documenting and updating the group’s system of internal controls processes and procedures
- Support senior management in preparing financial analyses and reports for purposes such as investor and potential investor presentations and portfolio related matters
QUALIFICATIONS:
- BS/BA required, CPA a plus
- 4-7 years of experience
- Big 4/public accounting experience with PE deals preferred
- Demonstrated knowledge of GAPP as it relates to asset management (IFRS a plus)
- Strong mathematical, analytical, and problem-solving skills
- Experience with investment products, alternative investments, and securities operations a plus