Job Opportunity
Associate Director
New York, NY
Job Summary
Manage multiple fund relationships, including scheduling and meeting all client deliverables. Must have 12+ years’ experience in accounting, with a focus on alternative investments funds – hedge and private equity experience a plus.
Details
Responsibilities Include:
* Manage multiple fund relationships, including scheduling and meeting all client deliverables
* Maintain/manage client expectations and coordinate deliverables timelines with staff
* Demonstrate strong knowledge of accounting, specifically with respect to alternative investment funds, with a focus on fund of funds and private equity funds
* Participate in new business discussions with prospects and existing clients
* Prepare and maintain goals and career development plans for all direct reports
* Prepare semiannual performance appraisals and discussions for all direct reports
* Provide guidance and direction to staff on all technical and client-service-related topics
* Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements, in order to ensure proper application of fund terms
* Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
* Review work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
* Review management fee calculations, including offsetable amounts, management fee waiver contributions, etc.
* Review investor allocations and capital account statements
* Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
* Create, maintain, and/or review incentive fee and distribution waterfall (carried interest) models, in keeping with the applicable fund terms
* Prepare and/or review financial statements, notes disclosures, and supporting schedules
* Develop/maintain robust review procedures around deliverables
* Manage the year-end audit process, in collaboration with the client and auditors
* Where applicable, support the tax team with information to prepare tax compliance/reports
* Help develop and support targeted, continuing education for all direct reports
* Support corporate goals and business/departmental initiatives
Skills and Knowledge Desired:
* Undergraduate degree in Accounting or related field
* 12+ years’ experience in accounting, with a focus on alternative investments funds – hedge and private equity experience a plus
* CPA designation a plus
* Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting, with an emphasis on investment partnerships
* 5+ years’ experience supervising two or more professional staff
* Hands-on management style with strong leadership skills and ability to develop staff
* Demonstrated project management skills with the ability to multi-task
* Excellent interpersonal and communication skills
* Sungard Investran experience a plus but not required
* Proficiency in Microsoft Office suite, with advanced Excel skills
* Team player
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- Min Experience: None