Posted: Fri Jan 05 2024
Vice President Fund Accounting
Los Angeles, CA
Vice President, Fund Accounting | Los Angeles, CA (Hybrid)
Alternative investment adviser/fund manager seeks Vice President to join their team focused on middle market direct lending strategies. Role is primarily responsible for loan accounting for the firm's direct lending funds and will lead a team of two other employees.
Responsibilities:
Reconcile loan facility and contract-level information with various agent banks/service providers/other counterparties (loan information may include, but is not limited to, total commitment (funded and unfunded), all-in rate, margin, and maturity date)
Reconcile investment transactions with agent banks/service providers/other counterparties (investment transactions may include interest payments, pay downs, PIK, OID, and fee income)
Manage accounting/reconciliation of warehoused assets with service providers and warehouse counterparties to ensure all loan accounting data are accurate and transactions are processed in a timely manner
Review/approve sale price calculations of warehoused investments prior to closing date to ensure sale proceeds are calculated in accordance with available agreements and any differences with agent banks/counterparties are identified and resolved prior to closing date
Maintain accurate accounting track record for off-balance sheet loan investments sold via participation
Process P/I transactions, rate changes, and other activities based on agent bank notices received
Monitor collection and reconciliation of income and coordinate required cash movements with internal operations team and loan participation counterparties
Assist with annual audit by confirming investment positions with various agent banks, working with the auditor, service providers, and the agent banks to resolve variances identified
Review accounting reports and deliverables for accuracy and provide technical support to staff/team members
Requirements:
Bachelor's degree in accounting/finance or related field, CPA preferred
5+ years of accounting finance experience with loan accounting experience
Financial services/fund industry background
Strong knowledge of Excel and other Microsoft programs
Must be detail-oriented, able to meet tight deadlines, and have excellent communication skills
Target base salary range is around $150-200k plus discretionary bonus. Actual salary will be influenced by a wide array of factors including but not limited to skill set, experience level, etc.