Associate Fund Accountant
About The Position
The Associate Fund Accountant prepares and maintains accounting records, supporting schedules, and financial reports for assigned clients. The role processes and reconciles cash activity, records and reconciles investment activity, prepares supporting workpapers, and prepares IRS Form 1099. It also involves client communication, adherence to procedures and controls, support for audits and examinations, and participation in operational efficiency projects. The position follows a hybrid schedule in Livingston, New Jersey, with three days in the office per week, Monday through Friday from 9:00 a.m. to 6:00 p.m.
Requirements
- A bachelor's degree in accounting is preferred, or another degree with a strong foundation in accounting principles through relevant coursework.
- Ability to manage multiple priorities and meet tight deadlines in a fast-paced environment.
- Strong verbal and written communication skills and a professional, client-focused approach.
- Attention to detail and strong organizational skills.
Nice To Haves
- Experience in fund or partnership accounting.
- Working knowledge of U.S. GAAP and financial reporting principles.
- Advanced proficiency in Microsoft Excel, including VLOOKUP, SUMIF, XIRR, and named ranges.
- Experience with Investran or similar fund accounting systems.
Responsibilities
- Prepare and maintain accounting records, supporting schedules, and financial reports for assigned clients.
- Process and reconcile cash activity, including recording journal entries and preparing wire transfers, while ensuring accuracy and timeliness.
- Record and reconcile investment activity, including purchases, sales, and interest accruals and income.
- Prepare and maintain comprehensive workpapers that fully reconcile and support the trial balance.
- Prepare IRS Form 1099 in compliance with regulatory requirements.
- Ensure standard procedures and controls are followed.
- Communicate with clients to obtain information, resolve inquiries, and provide status updates.
- Ensure processes comply with service-level agreements and escalate issues when needed.
- Support the year-end audit process, SOC 1 audit, and SBA examination.
- Participate in projects to improve operational efficiency, including automating Excel-based calculations and enhancing workpaper processes.
- Complete internal tasks, including mandatory training and time tracking.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
