This position is in our company headquarters in Dallas, Texas.
Essential Duties & ResponsibilitiesThe Senior Associate will have responsibilities that primarily focus on the areas of management company and fund accounting with secondary backup responsibilities in the areas of fund operations and CLO reporting. This role will provide a broad set of experiences for an eager and intellectually curious employee who will support the finance and accounting function in the following areas:
Fund Accounting:
- Provide support for our open-ended and closed-ended funds during their life
- Prepare necessary information for auditors and tax preparers for STCP funds and ensure funds comply with U.S. GAAP
- Review NAV calculations from the fund administrator
- Calculate fund and investment performance
- Generate recurring and ad hoc fund reports for the investment team
- Monitor fund cash liquidity, future cash needs and fund borrowings
- Manage the fund administrator and review their output
- Review fees, accruals and fund expenses
- Perform position and cash reconciliation and fund P&L calculations
- Coordinate with the Fund Operations team
- Work with the STCP Legal team regarding new fund document creation as well as document interpretation (e.g. LPAs, PPMs, credit facility agreements, etc.)
- Assist the Business Development and Product teams with marketing collateral content and investor inquiries
Management Company Accounting:
- Review and process invoices
- Track, calculate, and document the allocation of expenses to funds
- Calculate and analyze monthly and quarterly Firm financial performance
- Review cash and treasury management
Fund Operations:
- Trade settlement from initial trade review to final trade settlement
- Corporate actions and restructures
CLO Reporting:
- Regular CLO reporting
- CLO compliance testing
- CLO waterfall calculation review
- Trustee cash report review
Education, Skills & Experience - Bachelor's degree, preferably in accounting or finance
- 5-7 years of relevant experience in Audit, Tax, or Fund Administration
- Current or previous experience with the day-to-day operational management of a fund(s) preferred
- CPA (or working towards one) or Master's degree in accounting is a plus
- Proficiency in Microsoft Excel
- Attention to detail and a strong desire for accuracy
- Highly organized
- Strong work ethic with a proactive approach
- Intellectually curious with a strong desire to learn and grow
- Desire to work in an entrepreneurial environment and add value beyond designated role/responsibilities
Compensation & Benefits
Sycamore Tree offers a competitive base salary plus a discretionary bonus based on defined performance criteria, encouraging alignment of interests among the Firm's investors. We also provide an attractive employee benefits package.
