Job Description:
Wtrshd Capital, a private-equity firm, is seeking an experienced senior investment fund accountant to join our team. Integrity, humility, self-accountability, a drive to improve, and strict adherence to confidentiality are essential qualities sought by all team members. The company manages an endowment-style portfolio spanning a wide range of asset classes held in partnerships, LLCs, and trusts.
The ideal candidate should have a minimum of 3-5 years of experience in accounting and tax-related work. Experience related to investment funds, venture capital, private equity, and Big Four accounting firms experience is preferred. This role involves maintaining accurate books and records of various types of entities, reconciling accounts’ cash and positions/securities to outside sources, managing inter-entity loans, processing partnership accounting transactions and reviewing monthly partner book/tax allocations, coordinating tax filings with outside tax accountants, collaborating with other departments to resolve accounting and tax-related issues, participating in special projects.
The candidate should also be highly initiative and resourceful in completing work assignments with limited guidance in a changing environment. Experience with investment reporting software, such as Addepar, Caissa, Solovis, Eton Solutions, FundCount, Masttro, or Business Intelligence software, such as Microsoft Power BI, Tableau, or QlikView, would be considered a plus. The candidate should be passionate about finance and accounting, eager to learn new skills, and excited to be part of a dynamic and growing family office.
Key Responsibilities
General Accounting:
- Maintain accurate books and records of various types of entities, including individual, trust, partnership
- Reconcile accounts’ cash and positions/securities to outside sources, ensuring that all transactions are recorded correctly
- Research and resolve internal differences between the accounting system and outside sources
- Enter transactions into accounting and investment performance reporting systems, ensuring accuracy and completeness
- Analyze and book correct transactions for corporate actions on securities positions, such as mergers, acquisitions, and stock splits
- Manage inter-entity loans, including loan agreements and reconciliation of interest income and expense
Partnership Accounting:
- Enter partnership capital, subscription, commitment, capital call, and distribution transactions, and process/review monthly partner book/tax allocations, ensuring compliance with partnership agreements
- Calculate and allocate profits and losses according to the partnership agreement, which may involve layered and complex structures
- Process/review fund and account fee calculations/allocations, ensuring accuracy and completeness
- Perform month-end close processes/financial statement preparation, including preparing journal entries and reconciling balance sheet accounts
- Prepare cash management reports, ensuring that all cash transactions are recorded correctly
- Calculate performance metrics such as internal rates of return (IRR) and time-weighted returns (TWR), crucial for assessing investment performance
Tax:
- Coordinate all tax filings for various entities with outside tax preparers, ensuring compliance with tax laws and regulations, and collaborate with outside counsel and service providers on tax planning and compliance matters
Management:
- Collaborate with other departments, including legal and compliance, to ensure that all accounting and tax-related issues are resolved in a timely and effective manner
- Participate in special projects as assigned by senior management, providing support and guidance to ensure successful completion
Qualifications
- Minimum 3 years’ experience in fund accounting or public accounting firm
- Experience with family offices or family office clients is a plus
- Experience in private equity and fund of funds accounting with Big Four experience is a plus
- Experience in fund administration and accounting is a plus
Skills
- Thorough knowledge of investment accounting principles, including US GAAP, fund accounting and partnership accounting
- Experience with QuickBooks, Sage, Xero, or similar accounting systems
- Strong Excel knowledge, including Pivot Table, Sumif, Sumifs, Vlookup
- Strong understanding of investment performance metrics and modeling, including yields, DCF, cap rates, IRRs, MOIC, etc.
- High degree of initiative and resourcefulness in completing work assignments with limited guidance in a changing environment
- Strong problem-solving/analytical skills
- Ability to seek and obtain information from a wide range of sources and individuals both within and outside of the company
- Detail-oriented with the ability to prioritize multiple tasks and projects and complete assignments quickly and accurately
- Excellent presentation, communication (both oral and written), and interpersonal skills
- Strong interpersonal skills and an approachable demeanor
- Ability to leverage technology and look for ways to automate procedures. The ability to leverage technology when possible and look for ways to automate procedures
- Experience with investment reporting software a plus (Addepar, Solovis, Carissa, and Masttro et.al)
- Business Intelligence software skills a plus (Microsoft Power BI, Tableau, QlikView)
- Experience with market data software: Bloomberg, Capital IQ, Pitchbook
Education
- Bachelor's Degree/ Master's Degree in Finance, Accounting, Tax, Data Analytics and other related fields or equivalent experience
Certification/License:
- Required: N/A
- Preferred: CPA or CPA Candidate
Job Type: Full-time
Pay: $95,000.00 - $120,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid sick time
- Paid time off
- Vision insurance
Experience level:
Schedule:
Work Location: In person