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Fund Accounting Manager- Billingual Spanish

TORP Group Los Angeles, CA
  • Posted: 1 day ago
  • $95,000 to $120,000 Annually
  • Full-Time
  • Benefits: Vision, Life Insurance, 401k, Dental

Growing asset management firm in Los Angeles, CA is hiring for a Fund Accounting Manager to join their team. This person will be responsible for the day-to-day accounting and overall quality of the financial reporting, including audited reports for private funds and related entities. Seeking candidates that are bilingual Spanish, prior experience with Mexico and/or Latin America regulatory environment a plus!

Duties Include:

  • Handle full-cycle accounting including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers, budgets, and cash-flow projections.
  • Oversight of the Trust accounting reporting for Development and Properties to ensure accuracy, and completion on a timely manner.
  • Oversee the consolidation of funds and companies through analysis of complex ownership structures to ensure accurate reporting.
  • Review all reconciliations and understand all entries and postings to balance sheet and income statement deadlines performed by the Fund Administrator.
  • Review Capital call and Distribution allocations and notices prepared by the Fund Administrator.
  • Review Fund level financial statements prepared by Fund Administrator, including Management Fee Calculations, Promote and Incentive Fees.
  • Gather from fund directors/managers, review and record investment profit and loss, and incentive fees from waterfall calculations.
  • Provide accurate and timely financial information to other internal departments and under the specific deadlines.
  • Preparation and review of interim and annual financial reporting, including consolidated financial reporting as required under GAAP and IFRS.
  • Coordination with the external audit firm with respect to the preparation and issuance of annual audited financial statements and related footnotes
  • Provide information for and take part in Q&A for audits and tax preparation.
  • Analysis of fund and investment legal agreements and fund structures, including complex co-invest and joint venture structures, and fund and property level debt agreements.
  • Provide project management oversight on process/system implementation benefiting the funds being assigned
  • Assist in the on-boarding of any third-party providers (i.e.: Fund Admin, Outsourced Accountants, Tax Advisor, Auditor)

Requirements:

  • Bachelor's degree in Accounting or Related Field.
  • Minimum 6+ years' previous accounting and finance experience, particularly with IFRS.
  • Real Estate/private equity experience, particularly fair value fund and/or partnership accounting.
  • Big 4 or other Public Accounting Experience
  • CPA (preferred).
  • Prior experience with Mexico and/or LATAM regulatory environment (preferred).
  • Fluent in Spanish
  • Excellent Excel skills
  • Extensive knowledge of GAAP and IFRS accounting
  • Experience in Yardi, MRI, J.D. Edwards or comparable software.

TORP Group

Why Work Here?

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Los Angeles, CA
USA

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