Murtech

Associate, Fund Accounting Job at Murtech in Cleveland

Murtech, Cleveland, OH, United States

Job Description

Position: Associate, Fund Accounting

Location: Cleveland, OH (onsite 4 days, remote one)

Duration: Full time, W2

Description:

Join a global alternative investment platform company with exceptional growth opportunities as an Associate. You will deliver accurate, timely, and detailed financial information, as well as assist in maintaining the primary bookkeeping model for a complex multi-series investment portfolio. You will also, support and maintain critical investor details and provide maintenance of detailed fiscal record of all cash transactions

Responsibilities:

Maintain a detailed financial record for both onshore and offshore funds, including updating NAVs, Capital Account Balances, Fund Expenses, Partnership Expenses and other entries in the primary ledger
Complete hedge performance estimates for both advisors and individual clients on a monthly basis
Maintain and update lookup tables that flow core accounting data through to performance estimates
Manage capital calls and distributions that are received from email and end fund investment portals
Create trade tickets for capital calls and distributions, and submit to third party administrator and custodian bank for multi-factor authentication and completion
Process and/or approve wires/distributions through online banking system
Track daily wires that are received and sent
Support the production of quarterly statements and audit private equity funds’ activity

across various reporting periods

Monthly reconciliation of private funds’ bank accounts
Respond to audit confirmation requests from private equity and hedge fund managers
Download capital account statements, performance estimates, audited financial statements, and K-1’s for processing and record retention
Support the development of in-house, proprietary software to supplant the core accounting model
Support outside accounting firm in the preparation of tax returns and issuance of K-1s to investors
Execute and manage ad hoc projects/reports and act as a representative of the CAO for various firm initiatives, when necessary

Requirements

Detail oriented with strong interpersonal, professional and organizational skills
Exceptional written and verbal communication skills
Strategic planning, scheduling, and time-management skills
Demonstrate desire to become involved and work with the team to help the business grow
Bachelor’s degree