Fund Accounting Associate (Fund Administration)

CLA (CliftonLarsonAllen)•Peoria, IL

1d•$55,000 - $99,000

About The Position

CLA is a national professional services firm dedicated to creating opportunities for clients, employees, and communities through various services including wealth advisory, digital, audit, tax, consulting, and outsourcing. With a large presence across the U.S. and globally, CLA emphasizes a culture that values diverse perspectives. The Fund Administration group is currently seeking a Fund Accounting Associate to support a range of accounting and fund administration tasks. This role involves maintaining fund accounting records, preparing reconciliations, assisting with financial statement preparation, processing transactions, supporting capital activities, preparing investor reports, calculating fees, coordinating audit requests, resolving accounting issues, and building client relationships. The position also requires continuous learning about investment fund structures, accounting principles, and industry technology.

Requirements

Accounting and financial experience is preferred.
Bachelor's degree is required. Combination of related experience, education, and training may be accepted in lieu of degree.

Responsibilities

Maintain fund accounting records and general ledger activity for investment funds.
Prepare bank, cash, and balance sheet reconciliations.
Assist with monthly, quarterly, and annual financial statement preparation.
Process accounts payable, cash disbursements, cash receipts, and other fund transactions.
Support capital call and distribution activities, including investor communications.
Prepare investor capital account statements and reporting packages.
Assist with management fee calculations and expense allocations.
Help coordinate audit support requests and prepare workpapers.
Research and resolve accounting issues while ensuring compliance with applicable accounting standards.
Build and maintain strong relationships with clients, investors, and internal team members.
Continuously develop knowledge of investment fund structures, accounting principles, and industry technology platforms.