Friday, June 5, 2015

Investment Accounting Mgr - Los Angeles, CA

Investment Accounting Manager (Trust & Nonprofit Accounting) - Los Angeles, CA

Title: Investment Accounting Manager (Trust & Nonprofit Accounting) (1034-1)
Location: Los Angeles, CA area
Compensation: Commensurate with experience
Foundation and Trust seeks an Investment Accounting Manager who will manage financial accounting and tax reporting for investment portfolios. Primary responsibilities will include oversight of financial systems to track alternative investments and analysis and compliance work for investment transactions, as well as work related to financial/regulatory issues. This position will report to the Controller and will serve as an important link between the Finance and Investment Teams.
  • Research emerging accounting/tax laws to assess impact on the complex nature of the investment portfolio
  • Review financial elements of due diligence to ensure consistency in financial reporting of new investments
  • Review manager fees for consistency with subscription/legal documents
  • Partner with Investment Operations to review computations/performance/benchmark calculations
  • Review investment manager reports/statements for propriety and reconcile data to custodian reports and monthly/quarterly/annual financial statements including non-GAAP and foreign currency
  • Analyze derivative activity for proper financial reporting and identify controls to ensure accuracy of reporting
  • Manage design/implementation/maintenance of financial systems to support analysis/proper reporting of alternative investments
  • Develop/implement best practices surrounding investment financial accounting through interaction and relationships with peer foundations
  • Review data reconciliation of manager statements performed by investment operations manager to assess impact on Custodian records and propose adjustments as necessary
  • Assist with preparation of the 990PF related to investments for the Foundation and Trusts
  • Assist with preparation of the 990-T and state tax returns including analysis of unrelated business income tax for Foundation and Trusts
  • Ensure compliance with all foreign disclosure and reporting requirements related to investments for the Foundation and Trusts
  • Ensure all partnership K-1’s and audited financial statements are received/analyzed for accuracy and completeness
  • Manage tax and cost basis tracking for investments ensuring accuracy
  • Ensure investment journal entries are accurately prepared and reports are electronically maintained
  • Review of investment portfolio performance for the purpose of determining investment staff incentive pay
  • Evaluate accuracy of 12/31 investment balances using manager reports received subsequent to the balance sheet date and investigate differences to ensure year end balances are accurate
  • Update Foundation and Trusts’ accounting systems, chart of accounts, subsidiary ledgers, monthly schedules, and reconciliation worksheets to reflect new investments
  • Streamline financial reporting process related to investments including managing internal/external audit requests
  • Ensure accuracy of Investment footnotes for annual audit of the financial statements for the Foundation and Trust including the Fair Value Hierarchy reporting (Topic 820)
  • Ensure Data Integrity through the development and implementation of policies and procedures surrounding the management of investment accounting data policies
  • Other duties and projects as assigned
  • Bachelor’s degree in accounting, finance or related field
  • CPA or Master’s degree in business preferred
  • Minimum of 5-8 years of experience gained through working in a variety of organizations (e.g., accounting firm, investment firm, audit firm, industry, non-profit, pension plan)
  • Experience using Intacct and/or C-Track is a plus
  • Experience working in a demanding/high performance/ambiguous work environment with team-oriented culture
  • Strong knowledge of accounting and finance
  • High attention to detail and accuracy
  • Capacity to quickly develop an understanding of the Foundation and Trusts’ programs, strategies, and initiatives, the organization mission, philosophies, structure, values, program direction, niche, and policies
  • Strong quantitative/statistical/analytical skills
  • High aptitude for system/data management and math concepts used in accounting/statistics
  • Ability to: interpret requests for access to data via reporting/on-line information; analyze/interpret tax laws and regulations; clearly communicate concepts/research findings/issues analysis/project evaluation results/data interpretations; self-start/organize/prioritize/meet deadlines with minimum level of direction for a wide variety of tasks/projects with many moving parts
  • High level of professionalism/diplomacy/discretion with ability to maintain matters of confidentiality
  • Knowledge of spreadsheet/database/word processing applications/CRMs/accounting software maintenance and report writer skills
  • Strong project management & workflow analysis skills
  • Ability to interact collaboratively with all levels of staff/external consultants/professional networks
  • Interest in philanthropy and the Foundation’s mission and operations
If interested in this opening, please email your resume as an MS Word attachment to:
Tony Pietrzak
BCI - Financial Services Recruiting

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