Associate, Financial Reporting (Alternatives)

$80,000 - $105,000 yearly
  • The Resume Review - Recruiting Department
  • Wilmington, NC, USA
  • Aug 05, 2022
Full time Information Technology

Job Description

Job description
Associate, Financial Reporting Alternatives
 Job Purpose/ Background  
As an experienced professional, this position supports a fast-paced business in a dynamic environment that will provide exposure to a wide variety of asset classes including private equity, private credit, fund of funds, direct strategy hedge funds and other illiquid strategy products. Additionally, the role will be accountable for defining the future state model of financial reporting oversight and audit coordination using sophisticated technologies and data capabilities. This is a role where you will be challenged every day with something new or different as the bespoke nature of these products each come with their own nuances. As you develop your career here, there are a significant amount of opportunities to grow in this role and within the firm (with 20+ different functions alone here in Delaware).
Regarding our culture, when joining a place like this company, there is immediate encouragement to participate, to be engaged and to bring ideas to the table. We collaborate across our team and our firm to find innovative ways to enhance process, use technology and to drive positive change. Exposure will be with all titles, including senior leadership in Global Alternative Operations and the broader Technology and Operations team.
Our team plays a critical part in meeting our client’s needs, and we are successful in that endeavor by taking our fiduciary duty seriously in all aspects of the process we manage, by being passionate about our performance in everything that we do and by using the networks that we build here at the firm to accomplish our short-term and long-term goals.
  • Review annual audited and quarterly unaudited financial statements that are prepared in accordance with US GAAP and/or IFRS;
  • Manage annual audit process, including organizing and leading audit planning, audit status and closing meetings with fund administrators and external audit firms;
  • Identify, raise and resolve audit-related issues if they arise;
  • Interact with our key partners during the audit, including external financial reporting teams at fund administrators, audit firms, accounting teams, investment operations teams, portfolio managers, directors and legal counsel;
  • Analyze and communicate new and existing accounting standards, technical literature and industry insights to determine accounting treatment, accounting policy and relevant disclosure updates;
  • Actively contribute to the ongoing development of the oversight model with the goal of improving efficiency and scale while maintaining the quality of review;
  • Analyze and improve performance of current financial reporting applications and related operational workflows, including implementation of new workflow tools;
  • Demonstrate business intelligence and big data analysis to analyze reporting trends to optimize and improve the existing financial reporting process;
  • Build and maintain strong working relationships with multiple internal and external partners;
  • Be a self-starter and work with minimal direct supervision in a team environment.
  • Bachelor’s degree in accounting;
  • Advanced degree and/or CPA are preferable;
  • Candidate must possess 3 to 7 years combined experience in public accounting, internal audit, alternative fund administration or accounting, preferably within an alternative fund financial reporting group;
  • Candidate must have knowledge of technical and regulatory issues affecting the alternative investment fund industry, including knowledge of investment company accounting/reporting, US GAAP (ASC 946) and IFRS (IFRS 10);
  • Proficiency in Microsoft Excel, Word and PowerPoint;
  • A passion for engineering highly available, performant systems with a “Student of Markets and Technology” demeanor;
  • Passion and ability to work in a team-environment, multi-tasking, flexibility skills are a must;
  • Excellent written and verbal communication skills.
  • Takes ownership for outcomes and is personally accountable for results (Accountability & Ownership);
  • Analyze relevant information using logic and consider relevant facts to make rational, realistic and sound decisions (Analytic Ability);
  • Excellent attention to detail, as well as the ability to produces accurate work and spots mistakes/errors and makes appropriate corrections (Attention to Detail);
  • Understands common business and financial terminology including how organizations operate, compete and grow (Discernment);
  • Excellent verbal, written and interpersonal communication skills including ability to clearly articulate results of financial analyses as wells as issues to senior management and the auditors (Communication Skills);
  • Self-motivated, determined to achieve goals and works hard to meet those goals. (Drive, Determination and Execution);
  • Works effectively to prioritize responsibilities including ongoing and ad hoc projects simultaneously (Plan and Prioritize);
  • Develops practical and pragmatic solutions to problems (Problem Solving);
  • Effectively plans, implements and develops a methodical approach to projects (Project Management);
  • Builds working partnerships and improves collaboration in the workplace. (Relationship Building);
  • Promotes and facilitates the group’s work while contributing to the group using inspiration and motivation (Collaboration);
  • Supplies fresh ideas using structured thinking by reevaluating existing approaches and processes (Innovation and Creativity)