What are the responsibilities and job description for the Fund Accounting Manager position at The TCW Group?
Fund Accounting Manager
Job Location(s)
US-CA-Los Angeles | US-NY-New York
Job ID
2024-1990
Category
Client & Product Services
Department
Client and Fund Reporting
Type
Regular Full-Time
Position Summary
The Fund Accounting Manager will be an integral member within the Client and Fund Reporting-Alternatives (CFR) group of TCW and will be responsible for working with various internal and external teams. The role will be primarily focused on ensuring the timely and accurate completion of the Private Credit Group's fund level reporting, including fund accounting, financial reporting, managing credit facilities, RIC / 40 Act compliance, capital calls / distributions, tax reporting, fund expenses, and treasury services.
This position will coordinate and liaise with various groups within TCW, including but not limited to corporate accounting, client and fund reporting, investment operations, legal, tax, and compliance.
This position will work directly with members on the CFR team as well as TCW's Private Credit Group.
Essential Duties
Fund Accounting
Prepare and review month-end NAV and closing packages created from internal accounting system
- Prepare calculations of management fees, fund level IRRs, hurdle rates, incentive fees and carry allocations in accordance with governing fund documents
- Process payments, booking and review all fund level expenses and setup accrual schedules
- Prepare quarterly financial statements and review them for accuracy and completeness
- Maintain capital activity report of unfunded commitments, recallable capital and available capital
- Prepare and review capital call and distribution notices for various funds
- Complete audit inquires and requests
Credit Facility
Tax and Compliance
Cash Management
Required Qualifications
Professional Skills Qualifications
Desired Qualifications
Estimated Compensation :
Base Salary : For CA & NY based position, the base salary range is $130k to $150k. This is an anticipated range only.
Other Compensation : Eligible to be considered for an annual discretionary bonus
Benefits : Eligible for TCW's comprehensive benefits package. See more information here.
LI-JS1
Salary : $130,000 - $150,000
