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Jr. Private Equity Accountant, PPM

Summary of Role
This role will assist in responsibility for all aspects of Private Equity related entity financial management and reporting.
Role Responsibilities
·         Entity Level Financial Management:
o    Producing monthly financial statements and management reports
o    Recording the financial implications of investing activity and other entity level income and expenses
o    GL processing and maintenance
o    Investment management fee calculations
o    Quarterly fund valuations
o    Researching and making recommendations on GAAP accounting and entity specific issues
o    Assisting with investor/partner inquiries and reporting needs
·         Partner Capital Account Management:
o    Capital account maintenance and reporting
o    Initiating capital calls and distributions
o    Ensuring all distribution requirements are satisfied including the calculation of IRRs and running waterfall tests
o    Allocation of income and expenses
o    Assisting with partner inquiries and reporting needs
·         Investing Activities:
o    Working with the Private Equity Operations Group to establish to a control framework and reporting structure for all Private equity investments
·         Cash Management:
o    Processing investment related cash transactions
o    Working capital management
o    Monthly account reconciliations
Required Skills & Experience 
  • Strong communication and interpersonal skills.
  • Expert PC skills, especially Excel, a plus.
  • Analytical mindset.
  • Basic investment industry knowledge.
  • Ability to adapt and learn on the job in a fast-paced environment.
  • Bachelor’s Degree in Accounting or Finance.
  • 0-2 years of professional experience.
Desired Skills & Experience
PPM is a team-oriented environment that provides hands-on support and incentives for your professional growth.  The below skills and experience are helpful for this role, but a pro-active learner who meets the role requirements will be able to gain the necessary skills on the job with the support of our team.
  • Certified Public Accountant (CPA) or interest in completing certification.
  • Knowledge of Private Equity industry software a plus
  • 1+ years of experience in Audit