LeverPoint Management, LLC.

  • Associate Accounting Manager, Fund

    Job Locations US-NY-Clifton Park
    ID 2018-1023
    Category
    Accounting/Finance
  • Overview

    The Manager, Fund Team is responsible for overseeing the day-to-day operations of client Funds and communicate directly with the General Partners of the Funds. This position will require regular interaction with clients, team members and management.  This position requires a mastery of complex private equity accounting skills, the ability to oversee the complete financial reporting and capital call/distribution process and direct oversight of associates.  This position serves as a resources to other members of the team, providing guidance, coaching, training and additional support as needed.  

    Responsibilities

    • Oversee the preparation and distribution of quarterly financial statements to the Limited Partners to report information regarding the performance of the Fund
    • Oversee the preparation of schedules to support the general ledger balances reported in the financial statements
    • Calculate, prepare, and distribute capital call notices to the Limited Partners to notify them when contributions are due
    • Understand and interpret terms set forth within the Limited Partnership Agreement
    • Calculate and review complex waterfall structures
    • Complete required regulatory forms to ensure the Fund complies with specific regulation requirements
    • Calculate and distribute proceeds to Limited Partners to return capital owed to them
    • Communicate directly with the General Partners and respond promptly to their requests to provide them with the information they require
    • Review investment packages to confirm the securities purchased are wired to the correct beneficiary and are for the appropriate amounts
    • Calculate management fees owed to the Management Company for the investment and portfolio management services they provide to the Fund
    • Interact with auditors and provide them with reports/support to assist them during the audit
    • Complete audit confirmations to satisfy procedures performed for the audits of the Limited Partners
    • Ability to multi-task between different tasks, client deliverables and internal demands throughout the day
    • Provide supervision, guidance and coaching to the team, including regular training support as needed
    • Continually updates job knowledge by participating in educational opportunities; internal company and team trainings; maintains personal networks; participates in professional development opportunities and
    • Additional duties as assigned by management
    • Demonstrate mastery of technical skillset including use of Excel and other software utilized by the Fund Team
    • Demonstrate mastery of subject matter when advising clients on various client questions or concerns
    • Consistent resource for other team members with regard to technical questions or questions pertaining to team processes and procedures
    • Conduct ongoing team trainings while providing input as to the continued training opportunities at a global-company level
    • Provide daily leadership across the team and the organization

    Qualifications

    • 5 – 7+ years’ (relevant) experience in Accounting or related field
    • 5 – 7+ years’ supervisory experience in the following: performance management (including coaching, progressive discipline, performance review delivery etc.), training, talent acquisition and retention
    • Minimum of a Bachelor’s Degree in Accounting or related field
    • Advanced degree (MBA or MSA) in Accounting or related field strongly preferred
    • Certified Public Accountant (CPA) license is strongly preferred
    • Experience in forecasting and budgeting during an accelerated growth period
    • Proficient in Microsoft Office Suite with knowledge of Investran or other partnership accounting software a plus
    • Ability to multitask, time management, attention to detail, planning and problem solving skills required
    • Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients and
    • Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines

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