Assistant Vice President-PERE Accounting Job at Madison-Davis, LLC in Fair Lawn

Title: Assistant Vice President-PERE Accounting

Office Status: Hybrid 2x a week in office

Salary: $100,000-125,000+ Bonus

A global management consulting company is looking for an Assistant Vice President of private equity real estate accounting. The Assistant Vice President will be responsible the day to day administration of Private Equity Funds, delivery to clients, and assisting members of the team. They are an industry leader in the fund management space and work with asset management and capital market clients across the United States.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Review and understand Fund documents and structures to ensure proper application of accounting and reporting obligations
• Process capital activity for the funds in the accounting systems, including commitments, capital calls, distributions, drawdowns, rebalances and transfers
• Processing of trades, cash transactions, income and expenses on a daily basis
• Prepare daily trade, portfolio and cash reconciliations, investigate and resolve any breaks/discrepancies
• Update and maintain accounting records in accordance to IFRS, GAAP and internal controls and policies
• Process payment of expenses
• Calculate preferred return, waterfall, management fee and accruals
• Prepare funds’ net asset value calculations and investor allocations in line with clients requirements and deadlines
• Respond to client-specific requests/inquiries and proactively anticipate client needs
• Preparation of financial statements, notes, supporting information and tax schedules, liaising with auditors and ensure the reporting deadlines are met
• Develop and maintain relationships with the stakeholders of the funds

Qualifications:

• Strong technical accounting skills and knowledge of current reporting standards.
• Strong proficiency in the use of Microsoft Office, including Excel.
• Understanding of industry standard accounting software (eFront,InvestTran or equivalent) is a plus.
• Minimum 5 years’ previous industry experience with a solid understanding of accounting for Private Equity Funds.