Optimize and streamline processes to increase efficiency. Historical accounting data has been tracked in Microsoft Excel. The individual will be required to summarize capital activity and actively track and manage data in preparation for the implementation of technology solutions.
Document procedures and policies across multiple funds/investments. The individual will be required to understand and assist with documenting deal-by-deal allocation rules that vary by fund and investor classes. Assist with the maintenance, preparation, and review of investor allocations and capital account statements by deal by fund. Ability to create roll-up excel summaries and checks to ensure completeness and accuracy of the General Partner's share.
Prepare deal by deal capital calls allocations and distribution, allocate expenses, and prepare investor capital notices.
Assist with tracking and maintaining carried interest issuances, updating deal by deal carry, re-allocating carry for issuances and forfeitures based on each fund's allocation rules, calculating vesting by deal by fund.
Summarize key provisions from fund agreements such as allocation methodology, clawback provisions and holdback requirements, expense policies and methodologies.
Perform monthly cash reconciliations for numerous funds. This requires downloading bank cash activity, tracking expense reserves, tax withholdings and payments and other reconciling items.
Record monthly journal entries in Investran based on the capital activity.
Record, maintain quarterly trial balances and reconcile fund accounting workpapers as well as general partner's year-to-date and life-to-date capital activity summary and reconciliations.
Track and maintain tax withholdings and payments by investor, fund and legal entity.
Prepare, maintain or review year-to-date and life-to-date capital activity.
Track and maintain the General Partner commitment tracker by Fund.
Assist with ad-hoc reporting needs.
Requirements
QUALIFICATIONS:
Bachelor's degree in accounting or finance.
Previous General Partner Accounting experience or at minimum, Fund accounting experience.
5-7 years experience in accounting, with a focus in private equity
Demonstrate a strong knowledge of accounting, with a focus on private equity funds.
High attention to detail, accuracy and timeliness with proven ability in managingmultiple deliverable timelines concurrently.
Experience with financial data analysis
Proficiency in Microsoft Office suite, with advanced Excel skills
Knowledge of ERP systems required (Sage Intact and Investran)
Understanding accounting and finance process flows and how information is consolidated into the general ledger, to ensure improvement and value creation.
Good English, oral and written, communication skills.
