Sr Associate Investment Accountant (Private Alternative Credit Fund Reporting)
About The Position
The Senior Associate Accountant will join the Investment Accounting team supporting Private Alternative Credit Fund Reporting (PAC). The role applies accounting standards and expertise to business problems, seeks guidance for new or complex situations, and interacts with portfolio management, underwriting, parent-company balance sheet portfolio managers, and finance staff. The incumbent independently researches and documents sophisticated accounting decisions. The role supports fund accounting and reporting, including complex transaction processing, month-end accounting, NAV calculations, investor reporting, fund launches, controls, and external audits. It also serves as an accounting subject matter expert on process and system design, implementation, testing, and operational improvements.
Requirements
- Bachelor's degree in accounting or finance, or equivalent experience.
- At least 2 years of relevant accounting experience.
- Understanding of basic accounting principles and ability to interpret financial statements.
- Ability to efficiently and effectively research, compile, and analyze information.
- Detail-oriented, with a high degree of accuracy.
- Ability to work independently, meet established deadlines, handle multiple tasks, and prioritize effectively.
- Ability to learn systems and applications used within the firm.
Nice To Haves
- Proficiency with systems and applications used within the firm.
- Private asset accounting experience and fund administrator background.
- CPA or other applicable certifications.
- Public accounting experience.
- Experience with Allvue, PAM, and Alterx.
Responsibilities
- Apply sophisticated accounting analysis in accordance with GAAP, tax regulations, or other regulatory guidance.
- Perform complex transaction processing and exception handling.
- Provide oversight and/or execution of month-end accounting processes, including cash flow analysis, reconciliations, and general journal entries.
- Interpret financial reports and accounts, identify and evaluate risks and opportunities, and present findings to management for decision making.
- Partner with fund administrators to execute timely and accurate fund NAV calculations, including accounting for purchases, sales, income accruals, and expenses.
- Serve as a subject matter expert and work with project owners to ensure accounting objectives are met through the design and implementation of new processes and/or systems.
- Test systems and processes to ensure they operate as intended; escalate findings, variances, and issues as needed.
- Identify and implement operational excellence projects and provide business requirements for new systems or improvements.
- Assist with new client structures and PAC fund formation activities, including setup and launch of new funds and financial products.
- Assist in developing and implementing governance frameworks and financial controls.
- Monitor the control structure, escalate issues, and drive remediation plans for control deficiencies.
- Coordinate with external auditors during the planning and execution of annual external audits.
- Produce recurring investor reports and respond to ad hoc investor requests.
Benefits
- Bonus program opportunity for non-sales positions.
- Flexible Time Off (FTO) for salaried employees, with paid time away for vacation, personal needs, or short-term illness and no fixed number of days.
- Pension eligibility.
- Comprehensive, competitive benefit offerings intended to support physical, financial, and social well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
