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Private Markets and Hedge Funds, Fund Accountant

Company: RCM Technologies
Location: Madison
Posted on: February 16, 2020

Job Description:

Reference # :20-00165Title :Private Markets and Hedge Funds, Fund AccountantLocation :Madison, WIPosition Type :Direct PlacementExperience Level :7 YearsStart Date :03/02/2020 DescriptionPrivate Markets and Hedge Funds, Fund AccountantThe Private Markets Funds and Alpha Operations division is responsible for the management of over $17 billion in alternative investments. The fund accountant will be responsible for analyzing and onboarding complex, non-traditional investments that involve non-standard contracts, trade processing, clearance, valuation and documentation.This position is responsible for reviewing and checking the quality of investment transactions entered by other team members in the eFront system and performing other daily, monthly and quarterly analytic checks to ensure the accuracy and completeness of the assigned portfolios. Specifically, this position independently performs security (investment) and portfolio level accounting procedures, research and oversight of third-party accounting and reporting service providers for a variety of complex accounting activities to support Investment Book of Record and Accounting Book of Record (ABOR).Essential activities:

  • Understand and apply middle office and accounting (IBOR/ABOR) principals at the portfolio and asset class levels.
  • Approve processing of complex investment transactions knowing the purpose and uniqueness of IBOR versus ABOR.
  • Analyze and advise on the setup to onboard complex, non-traditional investments that involve non-standard contracts, trade processing, clearance, valuation, and documentation.
  • Approve the investment transactions related to purchases and capital call payments, distribution receipts, investment sales, and other cash flows in accordance with fund documents and generally accepted accounting principals.
  • Research and resolve escalated daily position and cash reconciliation discrepancies.
  • Oversee complex management and performance fees for private market asset class investments.
  • Verify computation of fund valuation based on an agreed upon risk framework.
  • Assess quality of General Partner and third party investment firms' investment reporting.
  • Review operation due diligence related information and assess need for enhanced General Partner and third party investment firms transaction and accounting review.
  • Perform and/or direct third parties to conduct in in-depth review of investment activities reported by General Partner and/or third party investment firm.
  • Administer and oversee the daily, weekly, and monthly accounting/reporting activities on IBOR and ABOR.
  • Direct and/or validate accounting by custodian bank for assigned activities and/or other third-party providers. (This may require account at security and portfolio levels).
  • Examine and analyze accounting records to assess accuracy, completeness, including Net Asset Value, Realized and Unrealized Gains/Losses, expenses and accruals.
  • Document and assess accounting and operational risks, as well as formulate and implement mitigating control activities.
  • Be the accounting and reporting point of contact within the assigned specialized area to work with process owners, service providers, advisors, administrators, and other interested parties, informing such parties of the issues/events and gathering necessary information and guidance on industry best practice.The ideal candidate:
    • Bachelor's Degree in Business, Accounting, Finance, Economics, Securities Operations, or related field.
    • Minimum of 2+ years experience operationally servicing investment teams.RCM Technologies is a leading provider of IT Business Solutions and Engineering Services to over 1,000 clients in the commercial and government sectors. RCM partners with clients to define implement and manage a broad range of technologies across multiple platforms, systems, and networks. Our broad geographic presence ensures that a proven and reliable tactical and strategic capability is available and deployable virtually everywhere in North America.RCMTechnologies, (USA) Inc. is an Equal Opportunity Employer M/F/D/V. RCMT encourages applicants of all ages.#Monster#CB

Keywords: RCM Technologies, Madison , Private Markets and Hedge Funds, Fund Accountant, Accounting, Auditing , Madison, Wisconsin

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