What are the responsibilities and job description for the Senior Fund Accountant position at The Alliance Group?
Responsibilities:
- Understand and able to complete daily/monthly/quarterly Net Asset Value (NAV) preparation for Private Equity Funds along with some traditional hedge funds, which includes Cash and Portfolio reconciliations, Investment Holdings Valuations, Income and Expense Accruals
- Prepare calculations and prepare notices for fund events such as capital calls, distributions, and subsequent closes
- Calculate carried interest, understanding of differing waterfall structures/tiers including preferred returns
- Allocate profit and loss to investors/shareholders including the calculation of a variety of management and performance fees for our Real Estate Funds and Private Equity funds and their investors
- Prepare Private Equity-specific Financial Statements, adhering to regulatory and industry standards.
- Process and record fund expense payments and ensure cash wire requests are completed accurately and timely
- Generate and deliver fund and investor reports to fund managers and investors of assigned clients
- Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients
- Communicate with internal and external entities on fund accounting matters and assist in issue resolution
Qualifications and Experience
- 1-2 years of Fund Accounting experience, ideally real estate funds but any private equity fund accounting
- 1-2 years of Public Accounting/Audit experience - auditing private equity or real estate funds (does not have to be Big-4 and Kaufman Rossin is definitely a firm I'd look into...
- Bachelor's Degree, CPA preferred but not required
- Must be able to learn complicated concepts quickly
- Proficiency with Microsoft Office is essential, advanced Excel (formulas, pivot tables, and filtering) area must.
- Demonstrates superior verbal and written communication skills
Salary : $100,000 - $120,000