Senior Accountant I

Ultimus Fund Solutions•Minneapolis, MN

About The Position

Duties and Responsibilities: Work with Fund Controller on the accounting and administration of fund of funds private equity partnerships. Review month-end packages for the fund of funds Record general ledger entries and prepare and balance sheet reconciliations monthly. Track fund of fund positions/securities and research and reconcile discrepancies between portfolio management systems and independent custodian/broker statements and trade records. Perform monthly testing on the fund of funds security portfolios against independent pricing sources to validate the custodian/third party valuation. Work closely with internal Wealth Operations and Investment Teams to provide transactional support. Monitor partnerships cash balances on private equity funds and prepare line of credit borrowing requests for upcoming cash needs. Prepare various tax supporting schedules used in the preparation of investor K-1 estimate and tax returns. Prepare partnership GAAP basis financial statements and other required audit schedules. Assist in identifying and implementing process improvements to automate the current processes to streamline partnership accounting, administration and reporting. Minimum Position Requirements: 3 to 5 years of meaningful, relevant industry experience is strongly desired (private equity / hedge fund or similar) and public accounting background in financial services is preferred. Experience working on hedge funds with varied asset types (equities, fixed income, derivatives etc.). Experience with FIS Investran, Geneva or similar fund accounting system is a plus. Ability to learn and excel at day-to-day responsibilities and contribute to driving process improvement, standardization and automation. High skill level in Excel and experience with large data sets. Strong analytical skills with focus on accuracy and attention to detail and deadlines. Ultimus Leverpoint is an equal opportunity employer and does not discriminate on the basis of the applicant’s or employee’s race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.

Requirements

3 to 5 years of meaningful, relevant industry experience is strongly desired (private equity / hedge fund or similar) and public accounting background in financial services is preferred.
Experience working on hedge funds with varied asset types (equities, fixed income, derivatives etc.).
Ability to learn and excel at day-to-day responsibilities and contribute to driving process improvement, standardization and automation.
High skill level in Excel and experience with large data sets.
Strong analytical skills with focus on accuracy and attention to detail and deadlines.

Nice To Haves

Experience with FIS Investran, Geneva or similar fund accounting system is a plus.

Responsibilities

Work with Fund Controller on the accounting and administration of fund of funds private equity partnerships.
Review month-end packages for the fund of funds
Record general ledger entries and prepare and balance sheet reconciliations monthly.
Track fund of fund positions/securities and research and reconcile discrepancies between portfolio management systems and independent custodian/broker statements and trade records.
Perform monthly testing on the fund of funds security portfolios against independent pricing sources to validate the custodian/third party valuation.
Work closely with internal Wealth Operations and Investment Teams to provide transactional support.
Monitor partnerships cash balances on private equity funds and prepare line of credit borrowing requests for upcoming cash needs.
Prepare various tax supporting schedules used in the preparation of investor K-1 estimate and tax returns.
Prepare partnership GAAP basis financial statements and other required audit schedules.
Assist in identifying and implementing process improvements to automate the current processes to streamline partnership accounting, administration and reporting.