Fund Accountant

The Riverside Company is a global private equity firm with over $13 billion in assets under management and an international portfolio of more than 140 portfolio companies. Riverside started as a one-person operation in 1988 and has grown to include offices in North America, Europe and the Asia-Pacific region staffed with more than 350 professionals. The firm invests across three core strategies -- private equity, flexible capital and private credit. Riverside has a fast-paced environment and a culture of openness. For more information, visit www.riversidecompany.com.

The Riverside Company is committed to providing equal opportunity for all qualified applicants and embraces the diversity of its people and encourages all underrepresented groups to apply. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States.

Job Function

TheFund Accountant will work out of the Cleveland office under the supervision of the Senior Managing Director, Finance. The primary responsibilities are to support the accounting processes and procedures for assigned Riverside funds and areas of future expansion. This includes the preparation of capital calls and distributions, creating partner capital statements, analyzing financial statements, waterfall calculations, fundraising support, investor relations support, marketing support and preparing required monthly quarterly and annual reports.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Duties, responsibilities, and activities may change at any time with or without notice.

• Prepare and process partnership accounting including processing capital calls and distributions, creating partner capital statements, analyzing financial statements, and waterfall calculations for both limited partners and general partners
• Provide oversight and facilitate the review of acquisitions and exit funds flow models with deal teams
• Work with third-party administrator as required
• Assist with adherence to policy, procedures and partnership governance
• Assist with the fund valuations, IRRs, and other performance measurements
• Develop thorough knowledge and management of partnership accounting including the calculation of management fees, commitment offset, Partner allocations, creating partner capital statements, analyzing financial statements and proof-reading
• Manage all General Partner entities for assigned funds including various investment schedules, GP allocations, distributions and tax capital accounts
• Provide superior client service and participate in initiatives to assist in the growth of Riverside
• Provide support for fundraising activities for assigned funds
• Provide support for the drafting and administration of escrow accounts and agreements established in conjunction with deal exits
• Assist in tracking and providing exit specific information to centralized database
• Act as the point person for all tax and audit activities for assigned funds
• Ensure compliance with all relevant policy and procedures
• Remain informed of regulatory changes and new industry and competitor’s developments and ideas
• Participate in departmental/company projects and initiatives
• Ensure the timely and accurate delivery of quarterly and annual reports
• Work closely with other departments within Riverside including the Investor Relations & Fundraising Group, Marketing Department, HR Group and the Strategic Sourcing and Analysis team

Assist with the development, implementation and update of various department process checklists and procedures

Requirements/ Skills

• 1 to 3 years experience in financial services industry and/or private equity with focus on accounting and / or financial reporting
• Bachelor’s degree in Finance or Accounting required. CPA is a plus
• Industry-related experience recommended
• Proficiency with Microsoft Office Products (Excel, Word) required
• Working knowledge of general ledger accounting, cash and securities movements, and troubleshooting
• Excellent communication and analytical skills
• Dedication to superior client service
• Deliverable focused and detail-oriented
• Demonstrates time management and organizational skills
• Proven ability to manage priorities and results in a fast-paced, deadline-oriented environment
• Ability to work effectively across organizational functional boundaries
• Must be able to assume initiative and work independently with minimal direction
• Energetic self-starter and team player