The TCW Group
Senior Fund Accountant
The TCW Group, Los Angeles, California, United States, 90079
Senior Fund Accountant
Job Location(s)
US-CA-Los Angeles | US-NY-New York
Job ID
2024-1989
Category
Client & Product Services
Department
Client and Fund Reporting
Type
Regular Full-Time
Position Summary
The Senior Fund Accountant 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 month-end NAV and closing packages using data from internal accounting system and manual calculations
Prepare calculations of management fees, fund level IRRs, hurdle rates, incentive fees and carry allocations in accordance with governing fund documentsBook fund level transactions and investor capital activity in the internal accounting system and setup accrual schedules and other manual calculations as neededPrepare quarterly and annual financial statements and the Notes to the Financial StatementsMaintain capital activity report of unfunded commitments, recallable capital and available capitalPrepare allocations of capital calls and distributions and set up notices accordinglyCalculate and provide investor allocations of quarterly P&L for investor statementsAssist with quarterly and yearly audit inquires and requestsComplete ad hoc projects as assignedCredit FacilityPrepare borrowing and repayment notices, issuer orders, borrowing base and compliance certificatesUpdate borrowing base reports for subscription facilities and asset-backed facilities and related activitiesAssist with the preparation of Monthly and Payment Date Reports for Credit FacilitiesTax 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 3 years of fund accounting experience, preferably within large investment firms or financial institutions, and background in alternative investment funds with a focus on asset backed facilities or CLO'sProfessional 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 capabilitiesCritical thinking skills and ability to learn at an accelerated paceDesired Qualifications
Advanced knowledge of ExcelEstimated Compensation:Base Salary:
For CA & NY based position, the base salary range is $100k to $130k. 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
Job Location(s)
US-CA-Los Angeles | US-NY-New York
Job ID
2024-1989
Category
Client & Product Services
Department
Client and Fund Reporting
Type
Regular Full-Time
Position Summary
The Senior Fund Accountant 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 month-end NAV and closing packages using data from internal accounting system and manual calculations
Prepare calculations of management fees, fund level IRRs, hurdle rates, incentive fees and carry allocations in accordance with governing fund documentsBook fund level transactions and investor capital activity in the internal accounting system and setup accrual schedules and other manual calculations as neededPrepare quarterly and annual financial statements and the Notes to the Financial StatementsMaintain capital activity report of unfunded commitments, recallable capital and available capitalPrepare allocations of capital calls and distributions and set up notices accordinglyCalculate and provide investor allocations of quarterly P&L for investor statementsAssist with quarterly and yearly audit inquires and requestsComplete ad hoc projects as assignedCredit FacilityPrepare borrowing and repayment notices, issuer orders, borrowing base and compliance certificatesUpdate borrowing base reports for subscription facilities and asset-backed facilities and related activitiesAssist with the preparation of Monthly and Payment Date Reports for Credit FacilitiesTax 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 3 years of fund accounting experience, preferably within large investment firms or financial institutions, and background in alternative investment funds with a focus on asset backed facilities or CLO'sProfessional 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 capabilitiesCritical thinking skills and ability to learn at an accelerated paceDesired Qualifications
Advanced knowledge of ExcelEstimated Compensation:Base Salary:
For CA & NY based position, the base salary range is $100k to $130k. 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