What are the responsibilities and job description for the Sr. Associate, Fund Accounting position at US Main?
Our client, a successful Private Equity firm is currently accepting resumes for the position of Senior Associate, Fund Accounting to join our growing team of investment professionals focused on interval fund complex. The position is primarily responsible for fund accounting and pricing for a specific fund. Duties & Responsibilities
- Maintain and update daily valuation schedules for investments in private investment funds, preferred and common equity, and warrants, ensuring that capital activity, accruals and valuation updates are reflected properly.
- Track and reconcile drawdowns, repayments, interest / fee accruals and interest rates on the Funds’ leverage facilities.
- Maintain and reconcile prepaid expense schedules.
- Establish annual expense budgets and expense accruals and perform quarterly budget to actual variance reviews.
- Review and reconcile monthly financial statements for the fund (Offshore), Ltd, and offshore feeder fund that invests directly into the fund.
- Assist in the preparation of annual and semi-annual financial statements and quarterly schedules of investments.
- Assist in the preparation for annual audits.Qualifications
- The ideal candidate will have an undergraduate degree in accounting.
- 5 years of accounting experience with audit experience a plus.
- Private equity investor accounting experience is also a plus.
- Candidates should have a strong knowledge of Excel and other Microsoft programs.
- Candidates must be detail-oriented, be able to meet tight deadlines and have excellent communication skills.
- The position is located in the Los Angeles office in WLA.
