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Senior Accountant II - Fund

Company: Ultimus Fund Solutions, LLC
Location: Chicago
Posted on: May 28, 2023

Job Description:

Senior Accountant II - Fund
Summary Description
Senior Accountant II (Fund) is responsible for coordinating and delegating the overall day-to-day work of their clients. This position acts as a "Team Lead" to ensure that the day-to-day work and deadlines are completed as scheduled. The Senior Accountant II (Fund) is responsible for the consistent review of daily cash transactions, general ledger maintenance for client funds, quarterly financial statements and related schedules, and responding to and overseeing client and investor requests. This position will require regular interaction with clients, team members and management.
This position requires a mastery of complex private equity accounting skills, the ability to oversee the complete financial reporting and capital call/distribution process and direct oversight of Staff Accountant I, II (Fund) and Senior Accountant I (Fund) associates. This position serves as a resource to other members of the team, in addition to Management, providing guidance, training and additional support as needed.
Essential Duties and Responsibilities

  • Review and oversee journal entries and maintenance of general ledger;
  • Review and oversee quarterly and annual reporting packages prior to management approval;
  • Review and oversee quarterly and annual financial statements prior to management approval;
  • Review and oversee capital calls and distributions prior to management approval;
  • Coordinate the delivery of capital call and distributions notices to clients and the investors;
  • Review and oversee correspondence with client investors to address inquires as needed;
  • Communicate with clients to establish deadlines for quarterly and annual deliverables in accordance with clients' LPA requirements;
  • Review team wires/transfers prior to treasury approval and sign off (as necessary);
  • Prepare/review complex waterfall calculations and management fee calculations;
  • Assist in the development and training of new team members as required;
  • Coordination and completion of special projects as directed by the client requests and as directed by management;
  • Assist and oversee new client onboarding;
  • Manage client's expectations and oversee deliverable deadlines; Problem Resolution and Administration
    • Ability to multi-task between different tasks, clients and internal demands throughout the day;
    • Continually updates job knowledge by participating in educational opportunities; internal company and team trainings; maintains personal networks; participates in professional development opportunities and;
    • Demonstrate mastery of technical skillset including use of Excel and other software utilized by the Fund Team;
    • Demonstrate mastery of subject matter when advising clients on various client questions or concerns;
    • Consistent resource for other team members with regard to technical questions or questions pertaining to team processes and procedures;
    • Assist management with ongoing team trainings while providing suggestions or input as to the continued training opportunities needed on both the team and company level;
    • Provide daily leadership across the team and minimal supervisory assistance as needed in the absence of management.
    • Additional duties as assigned by management. Knowledge and Skills
      • Sound knowledge of accounting principles, methods, procedures, internal controls with the ability to exercise good judgement in selecting and interpreting information;
      • Excellent client service skills with an aptitude to understand the clients' business and maintain strong client relationships;
      • Dedication and motivation to achieve high standards of client service and professional in the performance of duties;
      • Ability to organize and prioritize work, assisting in the coordination of the work of other team members as needed;
      • Advanced computer and technical skills, including the use of MS Office Suite and other financial systems;
      • Ability to effectively provide team members and others with information, training and assistance as needed;
      • Ability to understand and carry out moderately complex accounting procedures and analysis; preparation of work papers; general knowledge of financial reporting;
      • Demonstrate sound research, interpretive and problem-solving abilities. Qualifications
        • 3 - 5+ years' (relevant) experience in Accounting, Finance or related field preferred;
        • Minimum of a Bachelor's Degree in Accounting or related field;
        • Advanced degree (MBA or MSA) in Accounting or related field strongly preferred;
        • Certified Public Accountant (CPA) license is strongly preferred.
        • Proficient in Microsoft Office Suite with knowledge of Investran or other partnership accounting software a plus;
        • Ability to multitask, time management, attention to detail, planning and problem-solving skills required;
        • Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients and;
        • Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines. Physical and Other Requirements
          • At times, as business needs arise and employees are required and agree to work beyond their normal work day or work week to fulfill the accountabilities required for their job.
          • The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
            • While performing the duties of this job, the employee is regularly required to sit and stand;
            • The employee must occasionally lift and/or move up to 10lbs and;
            • Specific vision abilities are required within this position.
            • Occasional travel (approximately 10% or less) may be required in this position.
            • Reasonable accommodations may be made to enable employees to perform the essential functions. Ultimus Leverpoint is an equal opportunity employer and does not discriminate on the basis of the applicant's or employee's race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.
              Other details
              • Pay Type Salary
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Keywords: Ultimus Fund Solutions, LLC, Chicago , Senior Accountant II - Fund, Accounting, Auditing , Chicago, Illinois

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