What are the responsibilities and job description for the Fund Accounting Manager position at LHH?
Our client is an experienced investment manager with headquarters in Chicago. They work 3 days in office, 2 from home. They are at over $40 billion in assets under management and growing. They offer a great company culture, upward mobility, and work life balance
Position Responsibilities
This individual will have primary responsibility for the accounting and reporting for one or more funds and provide support to various other funds, new initiatives and ad-hoc requests. The Manager will focus on finding and implementing process improvement efficiencies and employing best practices.
Primary duties and responsibilities include:
− Assist the Investor Communications Team in meeting regular, periodic investor reporting requirements and respond to various investor requests through the preparation of quarterly statements
− Drive analysis and support for capital calls and distributions, coordinating with Investor Communications, Treasury and Senior Leadership on the planning, preparation and execution of calls and distributions
− Provide timely, accurate and meaningful fund and general business reporting and analysis to Firm leadership
− Support the preparation of the financial statements and provide information and support to the Firm’s independent auditors
− Lead the accounting and reporting for one or more of the company's various investment funds and vehicles
− Assist in the launch of new funds which includes reviewing legal documents, implementation of month end close processes
− Operationalize complex partnership agreements and account for investments, incentive fee arrangements and partner allocations
− Lead the calculation and booking of fund level expenses such as management fees, incentive fees and accruals in accordance with GAAP and applicable legal documents
− Review the preparation of one or more Private Fund’s balance sheet, income statement and monthly reporting package
Candidate Requirements
Must live in Illinois
− Bachelor’s degree in Accounting is required
− CPA is strongly encouraged
− At least 8 years of accounting experience in the financial services industry (e.g., private equity / leveraged finance / hedge fund or similar)
− A mix of public accounting and industry experience is a plus
− Experience and familiarity with IFRS and GAAP is a plus
