Accounting Manager - Los Angeles, United States - PE Firm LLC
Description
Career Opportunity:
The Accounting Manager will play a key role in this entrepreneurial private equity firm, acting as a trusted member of the Finance team, working closely with both the VP, Finance and CFO.
The Accounting Manager position is focused on management company accounting and GP tax work, with exposure to the fund side as well.
Key Responsibilities:
Reporting to the VP, Finance, the Accounting Manager, with the guidance of the VP of Finance and CFO, will assist with the management company accounting and reporting, utilizing the support of the outsourced administrator.
Additionally, this role will assist with expense allocation between the various funds and prepare quarterly tax estimates for the GPs, among other tasks.
Maintain the general ledger and prepare journal entries related to recording asset, liability, revenue, and expense entries such as actual and accrued payroll, benefit allocations, transactions, prepaids and accrualsComplete bank reconciliations and participate in monthly, quarterly, and annual closesOversee and manage the accounts receivable & payable process including:(i)
Expense reports and credit card reports in Tallie expense management software, (ii) AP cycle ), (iii) Prepare portfolio invoices and send out monthly/quarterly billing statements, and (iv) Review and pursue outstanding collectible balancesMonthly review of the trial balance and general ledger activity to ensure the validity of account balances and the proper coding of invoices and expensesAssistance in the preparation of quarterly consolidated financial statements, including preparation of a foreign entityResponsible for company expense managementPrepare GPs quarterly tax estimatesCoordinate with outsourced tax provider and respond to PBC requestsAssist in documentation and monitoring of internal controlsPrepare and coordinate expense allocations and assist in intercompany reconciliationsWork to develop better management reports, forecasts, and budgetsAnalyze financial operations to ensure business efficiency, including preparing forecasts, variance analysis, and other ad hoc projects as neededPrepare Form 1099s, Form 571L, and other state and regulatory reporting and filingsWork on other special projects for the VP, Finance and CFOResearch relevant accounting pronouncements and regulatory rules on an as needed basisAssist with HR ManagementAssist with firm insurance supportJob Qualifications:3-6+ years of accounting experience; private equity, venture, hedge fund, or asset management sector preferred plus experience in tax from public accounting and/or all public accounting or industryRequired: Bachelors degree in Accounting or Finance, CPA preferred, but not requiredProficiency in QuickBooks, or other accounting system and preferred experience with Tallie and Bill.