Fund Accountant, Associate

EIG•Washington, DC

About The Position

Job Summary • Responsible for portfolio administration, financial reporting, fund accounting and oversight of EIG-managed funds as well as related special projects Summary of Essential Job Functions Supports portfolio administration in the following areas: • Coordination and tracking of fund-level leverage utilization • Analyze and interpret deal documentation for accounting and financial reporting purposes, including accurate application of distribution waterfall to calculate incentive allocations and performance returns • Prepare transaction memorandum documenting divestures, restructuring, loan prepayments, make[1]whole computation, restructuring and other analysis that are to be communicated to management, investors and back office accounting service providers • Coordinate the settlement and documentation review of loan originations with counterparties, agent banks, counsels and loan servicing providers • Assist in the analysis and interpretation of deal documentation for accounting and financial reporting purposes, including accurate computation of management fees and application of distribution waterfall to calculate incentive allocations and performance returns • Provide detailed assistance in the preparation of monthly, quarterly and annual close packages for a number of EIG managed funds, including blocker entities and master/feeder funds • Responsible for reconciling and tracking monthly investment activity, expense budget, accruals, management fees and carried interest calculations, etc... • Oversee the monthly, quarterly and annual financial reporting process in conjunction with EIG’s back[1]office service provider, including drafting of footnote disclosures in accordance with Investment • Company Guide accounting • Assist tax department in preparation of Fund and investor tax returns as well as the calculation of deferred and current entity level tax provisions • Prepare audit PBCs, confirmations and manage external auditor requests • Prepare accounting position/technical research papers • Work closely with outsourced back office function and custody service providers daily • Work closely with the compliance department to support issuance of regulatory reports/filings • Assist capital development team and investor relations in meeting client service needs • Calculate fund and portfolio level performance metrics and prepare monthly performance flash reports Assist in non-recurring projects including but not limited to: • Provide support to the Accounting and Finance team in identifying, documenting and updating the group’s system of internal controls processes and procedures • Provide on-going ad-hoc assistance to senior management in the preparation of financial analysis and reports used for a variety of purposes including but not limited to investor and potential investor presentations and portfolio related matters

Requirements

Bachelor’s degree (BA or BS) in Business, Finance, Accounting or Economics; CPA license or equivalent a plus
4-7 years of investment analysis/accounting experience; BIG 4 public accounting experience and fund accounting experience a plus
Demonstrated knowledge of GAAP as it relates to the asset management industry (IFRS knowledge is a plus)
Demonstrated ability to manage financial reporting as it relates to a portfolio of loans/originated loans is preferable
Demonstration of strong mathematical, analytical, and problem-solving skills
Excellent verbal, written and interpersonal communication skills, including relationship management
Demonstrated organizational and time management skills
Demonstrated ability to work independently, with little supervision in a fast-paced environment
Demonstrated ability to meet established deadlines
Demonstrated flexibility to accommodate changing priorities
Demonstrated understanding, knowledge of, and experience reading and interpreting contracts a plus
Demonstrated understanding of investment products, alternative investments and securities operations a plus
Demonstrated proficiency with Microsoft Office, including specific expertise with Word and Excel

Responsibilities

Coordination and tracking of fund-level leverage utilization
Analyze and interpret deal documentation for accounting and financial reporting purposes, including accurate application of distribution waterfall to calculate incentive allocations and performance returns
Prepare transaction memorandum documenting divestures, restructuring, loan prepayments, make[1]whole computation, restructuring and other analysis that are to be communicated to management, investors and back office accounting service providers
Coordinate the settlement and documentation review of loan originations with counterparties, agent banks, counsels and loan servicing providers
Assist in the analysis and interpretation of deal documentation for accounting and financial reporting purposes, including accurate computation of management fees and application of distribution waterfall to calculate incentive allocations and performance returns
Provide detailed assistance in the preparation of monthly, quarterly and annual close packages for a number of EIG managed funds, including blocker entities and master/feeder funds
Responsible for reconciling and tracking monthly investment activity, expense budget, accruals, management fees and carried interest calculations, etc...
Oversee the monthly, quarterly and annual financial reporting process in conjunction with EIG’s back[1]office service provider, including drafting of footnote disclosures in accordance with Investment Company Guide accounting
Assist tax department in preparation of Fund and investor tax returns as well as the calculation of deferred and current entity level tax provisions
Prepare audit PBCs, confirmations and manage external auditor requests
Prepare accounting position/technical research papers
Work closely with outsourced back office function and custody service providers daily
Work closely with the compliance department to support issuance of regulatory reports/filings
Assist capital development team and investor relations in meeting client service needs
Calculate fund and portfolio level performance metrics and prepare monthly performance flash reports
Provide support to the Accounting and Finance team in identifying, documenting and updating the group’s system of internal controls processes and procedures
Provide on-going ad-hoc assistance to senior management in the preparation of financial analysis and reports used for a variety of purposes including but not limited to investor and potential investor presentations and portfolio related matters

Benefits

Medical coverage: Core PPO, PPO Plus, and high deductible plans available
Dental and vision coverage
Health Savings Account (“HSA”) and Flexible Spending Account (“FSA”)
Company-paid Basic Life, AD&D, Short Term and Long-Term Disability coverage
Voluntary benefits: critical illness, accident insurance, and supplemental life insurance
401k retirement plans and employer Safe Harbor contributions
Paid Parental Leave
Adoption assistance and dependent care FSA
Infertility diagnosis and treatment benefits
Employee Assistance Program (EAP)
Commuter benefits
Employee discounts and perks programs
Travel assistance
Employer-paid lunch in the office