Associate, Financial Reporting Oversight for Alternative Investment Products - DEL

$85,000 - $100,000 yearly
  • The Resume Review - Recruiting Department
  • Wilmington, DE, USA
  • Mar 23, 2021
Full time Information Technology

Job Description

Job description
Associate, Financial Reporting Oversight for Alternative Investment Products
Global Financial Reporting
Location – Wilmington, DE
Reports to – Director, Global Financial Reporting
Would you like to use your diverse background to make an impact on the clients we service in a culture that flourishes on quality, innovation, dedication, and accountability? Are you looking to take your career to the next level? Then look no further! This company is pursuing an Associate level candidate to become a member of our group that would support our alternative investment products.
At this company we strive to empower our employees and actively engage your involvement in our success. With over USD $7 trillion of assets we have outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for university, buy a home and improve their financial well-being. Experience what it feels like to be part of an organization that makes a difference!
Job Purpose/ Background
As an experienced professional, this position supports a complex and fast-paced alternative investment fund business in a dynamic and challenging environment that will provide exposure to a wide variety of asset classes including private equity, private credit, liquid fund of funds, private equity 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 advanced technologies and data capabilities. This is a role where you will be challenged everyday with something new or different as the bespoke nature of these products each come with their own nuances.  As you grow and 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 you join a place like this company, you are immediately encouraged to participate, to be engaged, to bring your ideas to the table to make our team and our firm better by finding innovative ways to enhance process, leverage technology and to drive positive change by working closely with our internal and external stakeholders. Your exposure with be with all titles, including the senior most leadership in Global Financial Reporting, 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 leveraging 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 and notes to 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, escalate and resolve audit-related issues if they arise; 
Facilitate periodic filing submissions to the SEC, NFA, CIMA or other regulatory bodies as appropriate;
Interact with multiple internal and external stakeholders during the audit process, including external financial reporting teams at fund administrators, external audit firms, internal/external accounting teams, investment operations teams, portfolio managers, internal/external directors and internal/external legal counsel;
Analyze and communicate new and existing accounting standards, technical literature and industry best practices to determine accounting treatment, accounting policy and relevant disclosure updates;
Assist the team by drafting new footnote disclosures that would be fund specific or global in nature;
Actively contribute to the ongoing development of the financial reporting oversight process 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” attitude;
Enthusiasm 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 (Business Acumen);
  • 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 plan and 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 (Teamwork);
  • Supplies fresh ideas using structured thinking by reevaluating existing approaches and processes (Innovation and Creativity);
  • Proactively acts upon opportunities and is a self-starter (Takes Initiative).