Private Equity and Alternative Asset Accounting Lead

Overview

This role leads the accounting and reporting activities for an alternative investment portfolio, including private equity, limited partnerships, rated note feeders, and tax credit investments. As a technical leader within the Investment Accounting team, you will oversee key accounting, reporting, disclosure, and control processes related to alternative investments under both GAAP and Statutory accounting frameworks.

The position also includes people leadership for two direct reports and requires close partnership with Financial Reporting, Tax, Actuarial, Investment Operations, Internal Audit, investment managers, and external service providers to support accurate accounting records, financial statement disclosures, and reporting of investment activity.

Responsibilities

• Lead accounting and reporting processes for alternative investments, including private equity, limited partnerships, rated note feeders, tax credit investments, and other alternative asset classes
• Review and analyze complex investment transactions to ensure appropriate accounting treatment under GAAP and Statutory accounting guidance
• Review and approve journal entries, account reconciliations, investment schedules, and supporting documentation related to alternative investments and other invested assets
• Lead preparation and review of quarterly and annual investment reporting packages, financial statement schedules, and alternative investment disclosures
• Partner with Financial Reporting teams to ensure accurate presentation and disclosure of investment activity within GAAP and Statutory financial statements
• Perform technical accounting research, document accounting conclusions, and provide guidance on new or complex investment transactions
• Lead, coach, and mentor two direct reports; provide technical guidance, workload prioritization, and development opportunities; review work for accuracy and completeness
• Perform and review analyses of investment results, including capital calls, distributions, valuation changes, equity method income, impairments, and realized and unrealized gains and losses
• Partner with Investment Operations, Tax, Actuarial, investment managers, custodians, and third-party service providers to resolve accounting, reporting, valuation, and operational issues
• Serve as a key liaison with internal and external auditors and support audit requests, financial reporting requirements, control activities, and accounting documentation
• Identify and lead process improvements, automation opportunities, and cross-functional projects to enhance the efficiency, accuracy, and scalability of investment accounting and reporting operations

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field
• 7+ years of progressive accounting and/or financial reporting experience with a strong focus on investments, alternative investments, or financial services
• Strong knowledge of U.S. GAAP and Statutory accounting principles applicable to investment portfolios and alternative investments
• Experience accounting for and reporting on private equity investments, limited partnerships, hedge funds, tax credit investments, or other alternative asset classes
• Demonstrated experience preparing or reviewing investment-related financial reporting, disclosures, management reporting, and supporting schedules
• Experience supporting monthly, quarterly, and annual close and reporting cycles
• Strong technical accounting research skills, including the ability to interpret accounting guidance, document conclusions, and communicate impacts to stakeholders
• Demonstrated ability to review and approve journal entries, account reconciliations, accounting analyses, disclosures, and supporting documentation
• Experience analyzing investment results, including capital activity, valuation changes, equity method accounting, impairments, and realized and unrealized gains and losses
• Ability to effectively communicate complex accounting and reporting concepts to leadership, auditors, business partners, investment managers, and external service providers
• Experience leading projects, process improvement initiatives, system enhancements, or cross-functional efforts involving accounting and reporting functions
• Experience coaching, mentoring, or supervising accounting professionals; prior responsibility for direct reports preferred
• CPA designation preferred
• Proven ability to manage multiple priorities, meet deadlines, and maintain high-quality results in a fast-paced environment

Compensation & Benefits

• Not specified in the provided job description

Location

• United States (remote role)

Work Authorization

Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment.

Remote Network Minimum Requirements

Minimum Internet Speed: 100 Mbps download and 20 Mbps upload.

• Internet Type: Fiber, Cable (e.g., Comcast, Spectrum), or DSL
• Not permissible: Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up

When applying, you will be asked to test your internet speed and confirm your internet connection meets or exceeds the requirements above.

Identity Verification

Candidates will be required (after the initial phone screen) to be on video for all interviews. Affirmative steps may be taken to verify that a candidate is not seeking employment fraudulently (e.g., through use of a false identity).

Failure to comply with verification procedures may result in:

• Disqualification from the recruitment process
• Withdrawal of a job offer
• Termination of employment and other criminal and/or civil remedies, if fraud is discovered