Senior Associate, Corporate Accounting (Revenue and Investments team)

Overview

The organization is seeking a Senior Associate to join the Revenue and Investment Accounting team within Corporate Accounting. This team is responsible for accounting for fee revenues including Management Fees, Performance Fees, Other Fees, Investment Income, and related Placement Fee expense. Due to business growth and increased fee streams, the role will support accounting for multiple fee revenue streams and processes.

Responsibilities

• Account for Performance Fees, Management Fees, Investment Income, and other fee streams, including:
  • Accounting for carried interest allocations to the general partner and associated employee incentive compensation programs (including taxes) under relevant accounting guidelines across multiple segments.
  • Conduct accounting research and reach conclusions on classification of performance fee revenue under ASC 323 and ASC 606.
  • Account, reconcile, and analyze management fee revenue earned on a quarterly basis.
  • Account for the investments portfolio across different asset classes, including LP interests, debt, equity, and derivatives, including quarterly valuations.
  • Manage responsibilities over agency fee allocations between the management company and funds using relevant investment reporting systems.
  • Reconcile fee and investment-related balances in a timely manner for month and quarter-end closes.
  • Perform detailed analysis of fee and investment income and present key drivers and changes through clear and concise management reporting.
• Serve as a key partner to relevant stakeholders, including organization leadership, fund accounting colleagues, tax colleagues, and investor relations.
• Monitor and adhere to the control environment in compliance with the SOX 404 program.
• Coordinate with the SEC team and review relevant quarterly documents and disclosures within 10-Q/K, earnings presentations, and related materials.
• Lead initiatives to analyze, design, and operationalize best-in-class accounting practices, including:
  • Assessing and documenting current processes and benchmarking against best practices.
  • Driving end-to-end accounting and reporting with minimal manual intervention.
  • Working with IT to operationalize changes and efficiencies identified.
  • Contributing to special projects involving capital transactions, acquisitions, and process improvements to enhance group efficiency.
  • Supporting automation of accounting and financial reporting requirements.
• Support internal reporting requirements and other ad-hoc requests from internal users, including other finance and accounting teams, investor relations, and the front office.
• Perform other duties as assigned by management. Growth opportunities may include broader ownership across revenue streams as mastery of assigned work is demonstrated.

Qualifications

Education

• Bachelor’s degree in Accounting, Finance, or a related field (required)
• Advanced degree (preferred)
• CPA required

Experience

• 4+ years of progressive professional experience in accounting
• Public accounting experience (preferred)
• Financial services experience (preferred)
• Exposure to investment management, fund accounting, and SEC reporting (strongly preferred)

General Requirements

• Strong organizational skills and attention to detail while maintaining the ability to see the big picture
• Ability to work independently in a fast-paced environment
• Ability to identify and analyze problems and develop effective solutions
• Excellent communication and writing skills
• A desire to own issues and be accountable, with a strong interest in personal and professional growth

Compensation & Benefits

• Anticipated base salary range: $120,000 - $140,000
• Total compensation may include a discretionary performance-based bonus.
• Benefits include:
  • Comprehensive Medical/Rx, Dental, and Vision plans
  • 401(k) program with company match
  • Flexible Savings Accounts (FSA)
  • Health Savings Account (HSA) with company contribution
  • Basic and Voluntary Life Insurance
  • Long-Term Disability (LTD) and Short-Term Disability (STD) insurance
  • Employee Assistance Program (EAP)
  • Commuter Benefits plan for parking and transit
• Additional benefits may include:
  • Access to a medical advisory team
  • Mental health app with coaching, therapy, and psychiatry
  • Mindfulness and wellbeing app
  • Financial wellness benefit including access to a financial advisor
  • New parent leave
  • Reproductive and adoption assistance
  • Emergency backup care
  • Matching gift program
  • Education sponsorship program
  • Additional benefits as applicable

Application Timeline

There is no set deadline to apply. Applications will be accepted on an ongoing basis until the search is no longer active.