Senior Associate, Asset Management Accounting

Cohen & Co • Philadelphia, PA

1d

About The Position

This role is for a detail-driven accounting professional within Cohen & Co's Office of the CFO Asset Management team. The position involves providing outsourced fund accounting services to hedge funds, private equity funds, registered funds, and their management entities. Responsibilities include managing books and records, performing Net Asset Value (NAV) calculations, and handling investor allocations. The role offers exposure to complex fund structures, support for audit and investor reporting, and opportunities for career growth in a collaborative, learning-focused environment.

Requirements

• Bachelor's degree in Accounting or related field.
• Experience performing fund accounting functions, including NAV calculations, capital allocations, and investor reporting.
• Strong understanding of fund structures, including hedge funds, private equity, and registered funds.
• Proficiency in Microsoft Excel, QuickBooks online, and fund accounting software; comfort adopting new technology tools.

Nice To Haves

• CPA license or progress toward CPA.
• Experience with capital call and distribution notice preparation.
• Exposure to U.S. GAAP financial statement preparation for funds.
• Experience coordinating with fund administrators, custodians, tax preparers, and auditors.

Responsibilities

• Perform outsourced fund accounting functions, including maintaining books and records for funds and management entities.
• Oversee periodic net asset value (NAV) calculations, capital account allocations, and investor allocations (management fees, carried interest/incentive allocations).
• Process and reconcile investment transactions, cash activity, and portfolio positions.
• Process capital activity and support investor/limited partner reporting.
• Perform monthly, quarterly, and annual reconciliations and general ledger maintenance.
• Prepare fund financial statements and related schedules in accordance with U.S. GAAP.
• Assist with the preparation of investor reporting packages and management reporting.
• Support the implementation of new accounting standards and internal accounting policies.
• Assist with audit and tax processes by preparing schedules and responding to inquiries.
• Serve as a day-to-day point of contact for assigned clients, ensuring timely and accurate delivery.
• Coordinate with client teams, fund administrators, custodians, tax preparers, and auditors.
• Build strong relationships with clients and internal stakeholders to foster trust, collaboration, and long-term partnerships.
• Manage timelines, deliverables, and client expectations to ensure high-quality service and satisfaction.
• Support and mentor junior staff, contributing to a collaborative, knowledge-sharing culture.
• Identify process improvement and automation opportunities to increase efficiency.
• Promote collaboration, accountability, and professionalism across engagements in a fast-paced, client-facing environment.

Benefits

• time off outside of your standard PTO to give back to the community
• annual discretionary merit increases and bonuses
• talent development resources to tap into growth opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Senior