Associate, Fund Accounting - Murtech Consulting
Cleveland, OH
About the Job
Position:Associate, Fund Accounting
Location:Cleveland, OH (onsite 4 days)
Duration:Full time, W2
Description:
Join a global alternative investment platform company with exceptional growth opportunities as an Associate.You will deliver accurate, timely, and detailed financial information, as well as assist in maintaining the primary bookkeeping model for a complex multi-seriesinvestment portfolio.You will also, support and maintain critical investor detailsand providemaintenance of detailed fiscal record of all cash transactions
Responsibilities:
- Maintain a detailed financial record for both onshore and offshore funds, including updating NAVs, Capital Account Balances, Fund Expenses, Partnership Expenses andother entries in the primary ledger
- Complete hedge performance estimates for both advisors and individual clients on a
- monthly basis
- Maintain and update lookup tables that flow core accounting data through to performance estimates
- Manage capital calls and distributions that are received from email and end fund investment portals
- Create trade tickets for capital calls and distributions, and submit to third party administrator and custodian bank for multi-factor authentication and completion
- Process and/or approve wires/distributions through online banking system
- Track daily wires that are received and sent
- Support the production of quarterly statements and audit private equity funds’ activity
- across various reporting periods
- Monthly reconciliation of private funds’ bank accounts
- Respond to audit confirmation requests from private equity and hedge fund managers
- Downloadcapitalaccountstatements,performance estimates, audited financial statements, and K-1’s for processing and record retention
- Support the development of in-house, proprietary software to supplant the core accounting model
- Support outside accounting firm in the preparation of tax returns and issuance of K-1s to
- investors
- Execute and manage ad hoc projects/reports and act as a representative of the CAO for
- various firm initiatives, when necessary
Requirements
- Detail oriented with strong interpersonal, professional and organizational skills
- Exceptional written and verbal communication skills
- Strategic planning, scheduling, and time-management skills
- Demonstrate desire to become involved and work with the team to help the business grow
- Bachelor’s degree
Source : Murtech Consulting
