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.
· 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.
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