The Senior Investment Accountant ensures that investment accounting policies and procedures are correctly applied to financial transactions. Under minimal supervision, this job works directly with asset management, operations, and other accountants and administrators. This job reviews accounting and performance activity and prepares financial reports for clients and senior management.

Key Responsibilities and Duties

• Prepares timely and accurate GAAP work papers and supporting schedules to satisfy accounting requirements for fund products and separately managed accounts.

• Prepares investor reporting, including financial statements, capital statements, and supplementary schedules.

• Monitors product budgets and prepare accruals and payment requests.

• Monitors product cash flows and capital needs. Prepares capital calls, distributions, and fund rebalancing, as needed.

• Calculates performance returns and fees payable.

• Supports the annual audit process, examinations, and ad hoc inquiries.

• Collaborates with fund administrators and custodians to support the accounting and reporting requirements.

• Provides guidance to junior Investment Accountants regarding issues that require more advanced knowledge and experience.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
7IC

Required Qualifications:

• 3+ years of GAAP accounting experience

Preferred Qualifications:

• 5+ years of GAAP accounting experience
• 1+ year of investment portfolio accounting, including debt investments
• BS/BA degree in Accounting or Finance
• Certified Public Accountant (CPA)
• Experience with fund accounting and reporting, including GAAP financial statements, partner allocations, and performance calculations
• Knowledge of investment operations, including middle and back office
• Experience with WSO, Eagle, and Advent Geneva
• Experience interacting with internal and external auditors
• Ability to identify areas of improvement and implement necessary enhancements

Additional Responsibilities:

• Performs the monthly accounting close processes for unregistered funds and separate accounts with investments in senior loans, corporate and convertible bonds, , CLO’s, equity securities, and derivatives.  
• Calculates accruals, estimates, and management fees.  Reviews wire payments for expenses and reimbursements.
• Computes portfolio performance, investor fees and allocations.
• Communicates with prime brokers, custodians and fund administrators, analyzing and resolving issues.
• Compiles financial statements and disclosures in conformance with GAAP and Investment Company accounting and reporting guidance.

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Anticipated Posting End Date:

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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