Fund Accounting Manager

  • Full-time

Company Description

Phoenix American Incorporated is made up of a diversified group of companies providing financial services to clients since 1972.  Our Financial Services Company is a registered transfer agent with the SEC and has administered millions of investments for hundreds of funds.  We are a leader in the field of securitization administration and accounting managing over $14 billion of aviation assets at original issuance.  We have a reputation for excellence providing distinctive quality, superior technology and committed customer service to our clients for more than forty years.

We are looking for an individual to help grow our fund accounting services for clients that manage various non-traded investment programs, including private equity and REIT funds.  The Fund Accounting Manager will prepare and oversee a variety of investment program financial reports for clients that may include cash forecasts/reconciliations, investor reporting, accounting workbooks, NAV calculations, periodic financial statements, annual reports, year-end audits, investor capital activity, and other fund financial reporting needs.   

Job Description

Duties & Responsibilities:

 

  • Demonstrate strong knowledge of fund accounting. REIT accounting experience also very helpful.
  • Support SVP with business development efforts by analyzing accounting service needs for prospects and assist with developing pricing proposals
  • Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
  • Prepare and review work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
  • Prepare management fee calculations
  • Prepare investor allocations and capital account statements
  • Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
  • Update distribution waterfall (carried interest) models, in keeping with the applicable fund terms
  • Prepare financial statements, notes disclosures, and supporting schedules
  • Help manage the year-end audit process, in collaboration with the other team members, client, and auditors
  • Handle daily/routine client information requests
  • Contribute toward a team covering one or more client relationships
  • Deliver accurate and timely work product within specified deliverables timelines, and in coordination with other team members
  • Provide guidance and direction to junior staff on all technical and client-service-related topics
  • Where applicable, support the tax preparers with information to prepare tax compliance/reports
  • Support business/departmental initiatives

 

Qualifications

Qualifications:

  • Qualified candidate must demonstrate a strong attention to detail, excellent organizational and time management skills, be a self-starter committed to quality and process improvement and have strong interpersonal and communication skills
  • Bachelors degree in Finance, Accounting, or Business Administration
  • 5+ years experience in fund accounting, with focus on private equity and real estate investment funds
  • CPA designation a plus
  • Strong knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting, with an emphasis on investment partnerships
  • Experience preparing and reviewing general ledgers, work papers and financial statements
  • Deadline oriented with ability to complete assigned tasks independently, as well as provide detailed reviews over junior staff work
  • Great Plains, QuickBooks, PE View (or other investor accounting software) experience a plus
  • Proficiency in Microsoft Office suite, with superior Excel skills
  • Team player

Additional Information

EQUAL OPPORTUNITY EMPLOYER

All your information will be kept confidential according to EEO guidelines.