Sr. Alternative Investment Accounting Associate - Boston

Company: KLM Careers
Job type: Full-time

Sr. Alternative Investment Accounting Associate - Boston
Boston, MA 02111 | St. Louis, MO 03103 | Chicago, IL 60623 | Indianapolis, IN 46202 | Richmond, VA 23219 | Atlanta, GA 30303
Flexible work opportunities for work/life balance (2 – 3 Days work from OFFICE)
Must be a US Citizen or Green Card holder.
The client is seeking candidates for a Senior Alternative Investments Accounting Analyst in one of several offices, St. Louis, Indianapolis, Atlanta, Boston, Chicago, or Richmond.
This person will be responsible for the accounting, finance, and operations for the assigned alternative investment funds, including various hedge fund of funds and/or private equity fund of funds.
This position will coordinate the investment trading and the fund workflow of third-party vendor's Fund Administrators, Fund Custodians, Fund Auditors/Tax Return Preparers, and other fund service providers and be responsible for resolving complex business problems and investigate inquires raised during the course of business.
This position will lead accounting initiatives and projects in support of the alternative investment fund business.
This position will oversee work prepared by various junior colleagues and third-party vendors.
RESPONSIBILITIES:
Be the primary communication point with fund administration and finance operations groups at fund administrators and custodians.
Oversee reconciliation of fund accounting and portfolio statements, including review of investment valuations, cash activity, operating expenses, and investor allocations
Coordinate all investment trading & execution and monitor all investment activity for fund of funds, including monitoring updates to terms of underlying fund documentation and ensuring proper reconciliation by service providers and fund back-office team
Lead the annual audit process and the preparation of financial statements for several onshore and offshore funds, working closely with the funds’ administrators and auditor
Lead the annual tax filing process and issuance of statements K1s for several onshore partnership funds, working closely with tax preparers
Monitor compliance with fund line of credit covenants
Assist client auditors with investment product requirements and data delivery based on needs
Review revenue and AUM calculations and reporting for alternative investments funds
QUALIFICATIONS:
Bachelor's degree in accounting or finance or equivalent experience with outstanding academic credentials
CPA preferred
5-7 years of experience with finance or private investment funds strongly preferred
Strong technical knowledge of fund accounting, multiple fund structures (master/feeder, class/series, side pockets, SPVs), and complex financial instruments
Private fund vendor experience; transfer agent, custodian, fund accounting, client services, etc.
Project management with independent problem-solving skills
Working Knowledge of FASB/IRS rules as they apply to alternative investment funds
ADDITIONAL QUALIFICATIONS:
Prior experience at a Big Four firm preferred
High proficiency in Excel
Ability to multitask, manage multiple priorities and work in a rapidly changing and dynamic environment
Excellent organizational, interpersonal, verbal, and written communication skills
High-level attention to detail and ability to work in a team environment
Requirements
1. Bachelor's degree in accounting or finance or equivalent experience with outstanding academic credentials
2. CPA preferred
3. 5-7 years of experience with finance or private investment funds strongly preferred
4. Strong technical knowledge of fund accounting, multiple fund structures (master/feeder, class/series, side pockets, SPVs), and complex financial instruments
5. Private fund vendor experience; transfer agent, custodian, fund accounting, client services, etc.
6. Project management with independent problem-solving skills
7. Working Knowledge of FASB/IRS rules as they apply to alternative investment funds
8. Prior experience at a Big Four firm preferred
9. High proficiency in Excel
10. Must be a US Citizen or Green Card holder.

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