What are the responsibilities and job description for the Associate Manager position at Ultimus Leverpoint Private Fund Solutions?
Summary Description
The Associate Manager provides daily accounting and systems support for the Hedge Team, ensuring timely and accurate NAV calculations, Investor allocations, preparation of financial and investor statements and communication with clients throughout the accounting process. The Associate Manager oversees daily team activities and assists in supervising staff to ensure the work is properly allocated and completed in a timely and accurate manner. The Associate Manager position will require regular direct interaction with clients and team members.
This position requires a mastery of complex hedge fund accounting skills,and direct oversight of Staff Accountant I, II (Hedge), Senior Accountant I, II (Hedge) associates. This position serves as a resource to members of the team, in addition to Senior Management, providing guidance, training and additional support as needed.
Essential Duties and Responsibilities
The Associate Manager provides daily accounting and systems support for the Hedge Team, ensuring timely and accurate NAV calculations, Investor allocations, preparation of financial and investor statements and communication with clients throughout the accounting process. The Associate Manager oversees daily team activities and assists in supervising staff to ensure the work is properly allocated and completed in a timely and accurate manner. The Associate Manager position will require regular direct interaction with clients and team members.
This position requires a mastery of complex hedge fund accounting skills,and direct oversight of Staff Accountant I, II (Hedge), Senior Accountant I, II (Hedge) associates. This position serves as a resource to members of the team, in addition to Senior Management, providing guidance, training and additional support as needed.
Essential Duties and Responsibilities
- Process/review portfolio activity and perform/review reconciliations to broker/custodian/counterpart and/or clients;
- Process/review account activity, performance and trial balance reporting for clients' funds/accounts;
- Prepare/review investor allocations and fees according to fund governing documents;
- Calculate and review complex management fee and incentive allocation structures;
- Maintain a controlled operating environment in conjunction with company's internal controls;
- Review hedge accountants' funds and NAVs for accuracy and appropriate documentation;
- Communicate directly with the General Partners and respond promptly to their requests to provide them with the information they require;
- Interact with auditors and tax preparers and provide them with reports/support to assist them during the audit;
- Ability to multi-task between different tasks, client deliverables and internal demands throughout the day;
- Provide supervision, guidance and coaching to the team, including regular training support as needed;
- Advanced knowledge of accounting principles, methods, procedures, internal controls with the ability to exercise good judgement in selecting and interpreting information;
- Excellent client service skills with an aptitude to understand the clients’ business and maintain strong client relationships;
- Dedication and motivation to achieve high standards of client service and professional in the performance of duties;
- Ability to organize and prioritize work, assisting in the coordination of the work of other team members as needed;
- Advanced computer and technical skills, including the use of MS Office Suite and other financial systems;
- Ability to effectively provide team members and others with information, training and assistance as needed;
- Ability to understand and carry out moderately complex accounting procedures and analysis; preparation of work papers; general knowledge of financial reporting;
- Demonstrate sound research, interpretive and problem-solving abilities.
- 3 – 5 years’ (relevant) experience in Hedge Accounting or related field;
- 0 - 2 years’ supervisory experience in the following: performance management (including coaching, progressive discipline, performance review delivery etc.), training, talent acquisition and retention;
- Minimum of a Bachelor’s Degree in Accounting or related field;
- Advanced degree (MBA or MSA) in Accounting or related field strongly preferred;
- Certified Public Accountant (CPA) license is strongly preferred;
- Experience in forecasting and budgeting during an accelerated growth period;
- Proficient in Microsoft Office Suite with knowledge of Eze Investor Accounting or other partnership accounting software and VPM or other portfolio accounting software a plus;
- Ability to multitask, time management, attention to detail, planning and problem-solving skills required;
- Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients and;
- Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines.