Senior Fund Accountant

Larson Financial Holdings • Reno, NV

2d

About The Position

Larson Capital Management, LLC is seeking a fund accounting professional to perform daily reporting functions for multiple private equity real estate funds. The Senior Fund Accountant is responsible for the accounting, operations, and administration of assigned private investment funds managed by the firm, which also manages private equity and growth equity asset classes.

The role includes preparing and reviewing hedge fund and private equity fund valuations, including portfolio valuations, fee computations, accruals, and income allocations. The Senior Fund Accountant also assists with annual audit reports and serves as a direct liaison with fund managers, auditors, and other related parties.

Requirements

• Bachelor’s degree in accounting or finance.
• 5–7 years of experience in private equity fund accounting and/or administration.
• Thorough knowledge of consolidations, eliminations, intercompany accounting, investment accounting, and fair value accounting.
• Background in accounting for entities including private equity funds and hedge funds, such as master-feeder structures, standalone entities, side-by-side structures, and segregated portfolios.
• Expertise in investment instruments such as equities, fixed income, options, futures, private equity, mutual fund investments, and/or real estate.
• Ability to excel in a fast-paced, entrepreneurial environment.
• Strong communication and organizational skills, and attention to detail.

Nice To Haves

• Experience with Yardi accounting software.

Responsibilities

• Provide investment accounting support for a portfolio of private investment holdings.
• Reconcile fund cash and investment positions to prime broker and custodian accounts; track fund-level expenses, accruals, management fees, and incentive fees.
• Maintain fund books and records in accordance with the Offering Memorandum and other Constitutive Documents.
• Prepare initial drafts of annual fund financial statements and footnotes in accordance with GAAP, and assist independent audit firms during annual reviews.
• Review and comply with controls and procedures.
• Assist with business development, client-specific reporting and analysis requests, and special projects.
• Assist the internal development team with projects, including preparing invoices for fund reimbursements, reporting project expenditures, and tracking equity provided.
• Prepare and review financial statements for development properties in coordination with the internal development team and outside developers; reconcile developer trial balances with draw activity and incorporate the information into the firm's financial statements.
• Review bank transactions before approval, including verifying wire and ACH instructions with outside parties.
• Calculate management fees billed to funds and enter them through the accounts payable system.
• Prepare and review hedge fund and private equity fund valuations, including portfolio valuations, fee computations, accruals, and income allocations.
• Assist with annual audit reports and liaise with fund managers, auditors, and other related parties.

Benefits

• Competitive pay and a generous bonus program.
• Profit-sharing bonus program.
• 401(k) employer match up to 4%.
• Medical, dental, and vision insurance; HDHP HSA plans are 100% paid for the employee.
• Telehealth.
• Life, disability, and EAP insurance.
• Paid time off: 112 hours after 90 days.
• Holiday pay for 12 holidays.
• Training and education.
• Events, awards, and activities.

What This Job Offers

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