Investment Accounting specialist

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Job description

Hybrid: 3 days in office per week "

Job Description:

This position will work specifically within the Alternative Investment Services (AIS) team in support of Investment Teams (the Teams) within Client Investment Management. AIS currently supports 300+ investment vehicles that utilize a variety of alternative investment strategies and vehicle structures with total assets under management over $46 billion. The individual in this position will be responsible for operational and portfolio management support activities for private equity funds managed by the Teams, including fund of funds, co-investment, and separate account vehicles.

Responsibilities in this position will result in detailed knowledge of accounting and operations for the Teams portfolios, including investments in private equity funds, real estate funds, secondary investments, and co-investments as well as derivative investments, such as options and forward currency contracts. This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the investment vehicles. This position will be located in the West Conshohocken, PA office.

Responsibilities:

Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions; developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios

Overseeing third party service providers in posting activity to the portfolios; general ledger and maintaining portfolio activity in AIS's parallel portfolio accounting system, Investran

Reconciling transactions, valuations, management fees, carried interest calculations, P&L components, and other activity between Investran and the third party service provider's records on a monthly/quarterly basis to ensure accuracy

Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis

Validation of investor level capital call and distribution allocation calculations

Understanding and interpreting underlying fund investment financial statements for the purpose of preparing and/or calculating their respective fair valuation amounts, which includes documentation based on various sources of investment information and detailed reviews of financial statements and quarterly reports for regular internal fair valuation committee meeting approval

Generating cash projections, fund capacity calculations and investor capital calls/distribution calculations for the these portfolios

Providing support for product, regulatory, and other audits; assisting with review of offering documents for new products and supporting other areas of product development, as needed

Working effectively with third party service providers and internal parties to ensure a high level of service for the products; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the Teams

Performing quarterly compliance reporting and highlighting instances in which there may be potential noncompliance with the products governing documents

Signing-off on net asset value and performance-based information on a monthly/quarterly basis; providing regular daily support and responding to numerous ad-hoc requests from investment management, investors and other internal and external stakeholders

Performing other related functions or responsibilities as needed or assigned

Qualifications

Skills Required

Bachelors degree, or equivalent, in Accounting, Finance, or related business field

A minimum of three to five years of investment accounting experience

Prior experience in private equity/real estate or private equity/real estate fund of funds investment accounting is preferred but not required. Knowledge of hedge fund accounting and/or derivatives, or experience with Investran, is a plus.

Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner

Detail-oriented and highly motivated

Ability to work effectively with minimal supervision

Role is Hybrid and will require in office attendance 3 days/week

About US Tech Solutions:

US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit .

US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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