Senior Fund Accountant

MUFG Bank - Rockville, MD

Full-time - Mid Level

Remote - Rockville, MD

Credit Intermediation and Related Activities

About the position

The Senior Fund Accountant position is a critical role within our organization, primarily responsible for the record keeping and financial reporting for several private equity investment partnership clients. This position can be performed fully remotely or in a hybrid model from our Dallas, Texas office. The Senior Fund Accountant will report directly to one or more fund controllers and will play a key role in ensuring the accuracy and integrity of financial data. In this client-facing role, the Senior Fund Accountant will be tasked with reviewing, auditing, and approving the work of the cash operations team and the financial reporting analyst team. This includes analyzing investment transactions and valuations, applying sound judgment to determine the proper accounting treatment and classification. The role requires a strong understanding of limited partnership agreements and the ability to apply these terms to financial reporting and income and expense allocations. The Senior Fund Accountant will also be responsible for preparing financial statements and footnotes, allocating income and expenses to partners' capital accounts, and preparing various management reports for assigned partnerships. A thorough knowledge of current accounting principles and emerging issues affecting investment partnerships is essential, as is the ability to advise clients on their proper application. The position demands excellent analytical skills, a proactive approach, and strong communication abilities, particularly in presenting financial results to clients.

Responsibilities

• Oversee the recording of journal entries and maintaining general ledger for assigned partnerships
• Reconciliation of bank accounts
• Preparation of capital calls and distributions notices to partners
• Maintain a working understanding of the limited partnership agreements(s) and apply the terms to the financial reporting and the income and expense allocations
• Maintain a working knowledge of current accounting principles and developing issues that affect investment partnerships and advising clients on their proper application
• Preparation of financial statements and footnotes
• Allocation of income and expenses to the partners' capital accounts
• Preparation of various management reports for assigned partnerships
• Knowledge and effective use of system and other technology
• Review and approve the work of cash operations and financial reporting analyst teams
• Review and approve the work of fund accountants
• Analyzing investment performance and presenting the results to the client
• Review responsibility for financial statements, tax filings and other management reports.

Requirements

• College degree with a major in accounting
• Minimum GPA of 3.0
• CPA or CPA candidate
• At least three years of relevant experience working as a staff accountant in a public accounting firm or similar accounting position in industry
• Proactive, resourceful, strong work ethic, team player, leader
• Excellent analytical skills and thorough working knowledge of accounting principles
• Strong experience with relevant technology
• Excellent presentation and communication skills, both written and verbal (ideally with experience presenting to clients)