What are the responsibilities and job description for the Fund Accountant position at Insight Global?
Required Skills & Experience
• Bachelor’s degree
• 1-3 years of fund accounting experience
• Knowledge of the Firm’s accounting software, Sage 500, and Microsoft Office Suite
• Strong understanding of federal, state and local audit and tax regulations
Nice to Have Skills & Experience
• Investment management industry experience
• Thrives in an entrepreneurial, deadline-oriented environment, is highly collaborative, team oriented, self-motivated, and able to multitask
• Excellent oral and written communication skills with a demonstrated ability to lead a project
Job Description
A client of Insight Global's is seeking a Fund Accountant who will be responsible for assisting and facilitating the production of financial statements, tax returns and capital-based investor correspondence consistent with industry standards. The position reports to the client's Controller and Managing Partners.
Responsibilities:
• Support month-end and year-end reporting in compliance with GAAP through coordination and support to the Firm’s Fund Administrator
• Oversee Accounts Payable (“AP”) activities: process invoices, expense reports and check requests, manage AP aging, maintaining payable schedules, and resolving any discrepancies
• Manage vendor payments via ACH, checks, and wire transfers
• Reconcile vendor statements, research discrepancies, and maintain vendor files, including obtaining W-9s
• Prepare and obtain approval for capital calls & distributions notices for Funds and relevant SPEs
• Maintain and review schedules of Fund capital movements
• Coordinate and review tax and audit documents for SPEs and Funds, and related entities
• Process journal entries, review and post transactions, and reconcile general ledger accounts for the management companies
• Reconcile and allocate bank and credit card statements
• Update marketing data quarterly with Fund track record information
• Assist the Controller with requests related to Surprise Examination related to SMAs
• Prepare and file year-end 1099s consistent with IRS procedures
Salary : $75,000 - $130,000