Fund Accountant Lead- Alternative Investments

Lead Fund Accountant for Alternative Investments

The Alternative Investments Team provides accounting, pricing, and reconciliation services for our alternative investment fund clients. This group is a growing team that continues to add to our client portfolio. With additional clients and the evolution of client needs comes the opportunity to grow our knowledge base and expand our technological capabilities.

As the Lead Fund Accountant for Alternative Investments, you will supervise the daily, weekly and monthly activities of a fund accounting and administration team consisting of individuals varying in skill levels from entry level to senior level accountant. The Lead Fund Accountant will perform micro and macro level reviews of all work including final review for clients. You will be responsible for management and mentoring of team personnel as well as providing technical, industry and client specific training and acting as a resource.

You will assist with sourcing, hiring, and developing top talent.

• Manages associate time, salary, and performance records; initiates change of assignments, salary increases, conducts performance appraisals and management activities, and recommends staffing changes.
• Oversee general ledger accounting functions.
• Ensure the proper application and maintenance of all accounting policies and procedures in accordance with applicable rules and regulations such as SEC, IRS and GAAP.
• Develop and maintain a strong relationship with the clients and other professional firms (such as audit/tax) with whom the clients conduct business.
• Monitor and review preliminary and final trial balances and net asset value for funds completed by Fund Accounting staff as needed.
• Monitor and review cash settlements, investor activity, interest, dividend payments, and other cash items to ensure that outstanding issues are being addressed and future problems are prevented.
• Review trade information as needed, to reflect current positions in each fund’s portfolio.
• Ensure that the fund’s investments are valued in accordance with the fund’s Offering Memorandum (OM).
• Review account reconciliations and ensure that all exceptions are resolved in a timely manner.
• Report information to all interested parties.
• Review the final financial package and calculated net asset value of the fund.
• Review the financial reports to ensure that the income has been allocated correctly in accordance with the fund’s documents.
• Review the financial reports to ensure that the management and incentive fees have been calculated and allocated correctly in accordance with the fund’s documents.
• Coordinate preparation of and review the quarterly regulatory filings, such as N Q, N CSR etc., where applicable.
• Provide final detailed review of the financial statements comprising of balance sheets, income statement, statement of cash flows, statistics of income, and accompanying notes.
• Operate as main point of contact for the client, regardless of the issue, and coordinate the resolution of the issue.
• Ensure the completion of financial statements and all applicable working papers and coordinate with the funds’ auditors to ensure that the audit is conducted smoothly and expeditiously thus minimizing the potential for audit cost over runs.
• Ensure that the net asset value of funds is accurately calculated and communicated to appropriate sources in a timely manner.
• Provide progressive training, under the direction of the Managing Director, for fund accounting staff.
• Respond to questions from clients, clients’ independent public accountants, coworkers, and Management.
• Conduct team meetings and lead/participate in client conference calls.
• Participate in internal meetings to provide/improve internal controls, procedures,…