What are the responsibilities and job description for the Accounting Associate position at Nextera Search?
An Investment Management Firm based in New York City is seeking an experienced accounting professional to join their team as an Accounting Associate.
Responsibilities:
- Execute month-end and quarter-end close processes, including reconciliations and validation of management and carry waterfall calculations
- Track and manage fund expenses, maintaining detailed and accurate expense schedules
- Support financial recordkeeping by maintaining shadow books and preparing/posting daily journal entries
- Perform daily cash reconciliations between the fund administrator and internal records
- Assist with investor inquiries and reporting requests, ensuring accuracy and timely delivery
- Support capital activity, including capital calls and distributions, with proper documentation and controls
- Contribute to investment valuation processes in coordination with internal teams and external partners
- Serve as a key liaison to the fund administrator, facilitating communication and resolving discrepancies
- Assist with the year-end audit, including preparing schedules and addressing auditor requests
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field; CPA required
- 3–5 years of relevant experience in public accounting or fund accounting
- Background in financial services audit, preferably with exposure to asset management, private credit, or similar strategies
- Hands-on experience with fund accounting, including NAV calculations, reconciliations, and financial reporting preferred
- Strong understanding of accounting principles and financial reporting requirements
Salary : $120,000 - $140,000