The TCW Group, Inc.
Fund Accounting Manager
The TCW Group, Inc., Los Angeles, California, United States, 90079
Fund Accounting Manager
Job Location(s):US-CA-Los Angeles | US-NY-New YorkJob ID:
2024-1990Category:
Client & Product ServicesDepartment:
Client and Fund ReportingType:
Regular Full-TimePosition Summary
The Fund Accounting Manager will be an integral member within the Client and Fund Reporting-Alternatives (CFR) group of TCW and will be responsible for working with various internal and external teams. The role will be primarily focused on ensuring the timely and accurate completion of the Private Credit Group's fund level reporting, including fund accounting, financial reporting, managing credit facilities, RIC /40 Act compliance, capital calls/distributions, tax reporting, fund expenses, and treasury services.This position will coordinate and liaise with various groups within TCW, including but not limited to corporate accounting, client and fund reporting, investment operations, legal, tax, and compliance. This position will work directly with members on the CFR team as well as TCW's Private Credit Group.Essential Duties
Fund AccountingPrepare and review month-end NAV and closing packages created from internal accounting systemPrepare calculations of management fees, fund level IRRs, hurdle rates, incentive fees and carry allocations in accordance with governing fund documentsProcess payments, booking and review all fund level expenses and setup accrual schedulesPrepare quarterly financial statements and review them for accuracy and completenessMaintain capital activity report of unfunded commitments, recallable capital and available capitalPrepare and review capital call and distribution notices for various fundsComplete audit inquiries and requestsCredit FacilityPrepare borrowing and repayment notices, issuer orders, borrowing base and compliance certificatesUpdate borrowing base reports for subscription facilities and asset-backed facilities and related activitiesTax and ComplianceAssist with the RIC and 40act asset-diversification and asset coverage tests as well as various income and distribution testsCash ManagementReview daily cash reconciliations and assist with management of cash balances through use of credit facilities and other fund level activitiesRequired Qualifications
Bachelor's degree in Accounting, Finance or EconomicsAt least 5 years of fund accounting experience, preferably within large investment firms or financial institutions, and strong background in alternative investment funds with a focus on asset backed facilities or CLO'sFamiliarity with middle market and syndicate loans; private equity structures, RIC's and BDC's; and marketable and private holdingsGeneral understanding of credit facility agreements and covenant compliance requirementsGeneral understanding of fund-governing documents, PPM's, LLC/LP agreements, IMA, etc.General knowledge of various legal structures LLC/LP's, parallel funds, master feeder structures, etc.Critical thinking skills, ability to review without reproduction, and some analytical capacityProfessional Skills Qualifications
Excellent verbal and written communication and interpersonal skills (must establish good working relationships with internal and external teams)Excellent organizational skills and attention to detailStrong analytical and problem-solving capabilitiesDesired Qualifications
Advanced knowledge of ExcelEstimated Compensation:
Base Salary:
For CA & NY based position, the base salary range is $130k to $150k. This is an anticipated range only.Other Compensation:
Eligible to be considered for an annual discretionary bonusBenefits:
Eligible for TCW's comprehensive benefits package. See more information
here .#LI-JS1
#J-18808-Ljbffr
Job Location(s):US-CA-Los Angeles | US-NY-New YorkJob ID:
2024-1990Category:
Client & Product ServicesDepartment:
Client and Fund ReportingType:
Regular Full-TimePosition Summary
The Fund Accounting Manager will be an integral member within the Client and Fund Reporting-Alternatives (CFR) group of TCW and will be responsible for working with various internal and external teams. The role will be primarily focused on ensuring the timely and accurate completion of the Private Credit Group's fund level reporting, including fund accounting, financial reporting, managing credit facilities, RIC /40 Act compliance, capital calls/distributions, tax reporting, fund expenses, and treasury services.This position will coordinate and liaise with various groups within TCW, including but not limited to corporate accounting, client and fund reporting, investment operations, legal, tax, and compliance. This position will work directly with members on the CFR team as well as TCW's Private Credit Group.Essential Duties
Fund AccountingPrepare and review month-end NAV and closing packages created from internal accounting systemPrepare calculations of management fees, fund level IRRs, hurdle rates, incentive fees and carry allocations in accordance with governing fund documentsProcess payments, booking and review all fund level expenses and setup accrual schedulesPrepare quarterly financial statements and review them for accuracy and completenessMaintain capital activity report of unfunded commitments, recallable capital and available capitalPrepare and review capital call and distribution notices for various fundsComplete audit inquiries and requestsCredit FacilityPrepare borrowing and repayment notices, issuer orders, borrowing base and compliance certificatesUpdate borrowing base reports for subscription facilities and asset-backed facilities and related activitiesTax and ComplianceAssist with the RIC and 40act asset-diversification and asset coverage tests as well as various income and distribution testsCash ManagementReview daily cash reconciliations and assist with management of cash balances through use of credit facilities and other fund level activitiesRequired Qualifications
Bachelor's degree in Accounting, Finance or EconomicsAt least 5 years of fund accounting experience, preferably within large investment firms or financial institutions, and strong background in alternative investment funds with a focus on asset backed facilities or CLO'sFamiliarity with middle market and syndicate loans; private equity structures, RIC's and BDC's; and marketable and private holdingsGeneral understanding of credit facility agreements and covenant compliance requirementsGeneral understanding of fund-governing documents, PPM's, LLC/LP agreements, IMA, etc.General knowledge of various legal structures LLC/LP's, parallel funds, master feeder structures, etc.Critical thinking skills, ability to review without reproduction, and some analytical capacityProfessional Skills Qualifications
Excellent verbal and written communication and interpersonal skills (must establish good working relationships with internal and external teams)Excellent organizational skills and attention to detailStrong analytical and problem-solving capabilitiesDesired Qualifications
Advanced knowledge of ExcelEstimated Compensation:
Base Salary:
For CA & NY based position, the base salary range is $130k to $150k. This is an anticipated range only.Other Compensation:
Eligible to be considered for an annual discretionary bonusBenefits:
Eligible for TCW's comprehensive benefits package. See more information
here .#LI-JS1
#J-18808-Ljbffr