Finance & Accounting Analyst - Cincinnati, United States - Western & Southern Life

Description

Overview:

Summary of Responsibilities:

The Finance & Accounting Analyst position provides business planning and analysis for Fort Washington Investment Advisors (FWIA). Functions include reviewing and approving all quarterly and annual financial statements for FWIAs investment partnerships, coordinating all aspects of the external audit of each partnership, coordinating all internal and compliance audits, and managing the relationship with the external accountants and auditors. The individual is responsible for the valuation of direct and fund investments according to ASC 820 and reviewing and approving the calculation of management fees and carried interest for each fund. Additional responsibilities include developing and implementing a new fund monitoring and due diligence function, forecasting fund performance and cash flow needs, developing a process to retire or liquidate old legacy funds, and overseeing the public stock ownership report. Works with minimal supervision and is responsible for making an established range of decision, escalating to management when necessary and updating manager on a regular basis.

Position Responsibilities:

Accounting Functions:

• Manages relationship with external accountants (JPMorgan and Decosimo) and auditors (Ernst & Young).
• Reviews and approves quarterly and annual financial statements for all 23 FWIA investment partnerships.
• Coordinates all aspects of annual external audits, including being a liaison between external accountants and auditors.
• Manages the co-investment and fund valuation processes in accordance with ASC 820 standards. Requires valuing portfolio companies on a quarterly basis and evaluating and making necessary adjustments to fund investments. Validates external accountants management fee calculation for each Private Equity Fund.
• Calculates carried interest and mark to market for Fort Washington Capital Partners and each Private Equity Fund.
• Researches accounting pronouncements, and ensures fund statements are in compliance with all current GAAP standards.
• Reviews and ensures all new Limited Partnership Agreements have addressed essential accounting, operational and administrative issues prior to final execution. Recommends changes that maintain compliance with all regulations.
• Manages and coordinates all internal and compliance audits.

Finance Functions:

• Develops and implements new fund monitoring and due diligence function for Private Equity. Evaluates underlying fund investments for compliance with FWIAs operational due diligence expectations before investing with the underlying fund as well as ongoing maintenance of all activities.
• Manages relationships with CFOs of the underlying funds and direct investments to fully understand the status of their businesses and the forecasted budget information. Forecasts cash needs and budget versus actual variance for use in the due diligence process. Administers the Public Stock ownership tracking and reporting program.
• Analyzes historical performance and forecasts future performance and cash flow needs of underlying funds. Conducts call with CFOs and other financial professionals of underlying funds to facilitate this analysis.
• Manages overall process for calculating and reporting assets under management and billing for the Institutional and PCG business units.
• Develops decision analysis tools, Excel models and other ad hoc analysis to analyze current investment performance.
  
• Oversees and reviews net IRR and public market equivalent performance calculations used in client and prospect presentations.
• Develops processes to retire or liquidate legacy funds as they approach the end of their 12- to 15-year useful life.
• Manages the completion of performance reporting for various current and prospective client documents.
• Reviews and approves all regulatory forms and reports related to the state mandates.
• Analyzes and completes FWCP fund profitability reports.
• Develops and prepares monthly and quarterly business analytics (Scorecard data and comments) for Private Equity.
• Calculates and distributes quarterly assets under management report for the Private Equity business line.
• Performs other duties as assigned by management.

Selection Criteria:

• Proven understanding and experience in the financial services industry as well as proficient knowledge in investment accounting and operations relating to the private equity industry.
• Proven outstanding work track record with a demonstrated history of strong performance.
• Demonstrated excellent verbal and written communication skills with ability to convey information, verbally and in writing, to internal and external customers in a clear, accurate, focused and concise manner. Demonstrated ability to document procedures and activities in a manner that is understandable to others and prepared using a prescribed format. Verbal and written communications are to conform to proper rules of punctuation, grammar, diction and style.
• Demonstrated ability to effectively interact and communicate with all levels of staff and management in a highly professional manner.
• Proven experience completing assigned tasks independently, accurately and on a timely basis exhibiting initiative and good decision-making skills. Experience must include identifying, defining and resolving problems, and collecting or interpreting data to establish facts and draw valid conclusions.
• Must demonstrate strong attention to detail with excellent organizational skills and process orientation. Expected to cite examples of organization and time management methods used to manage or prioritize workload demands.
• Demonstrated ability to handle confidential information.
• Proven strong analytical and quantitative skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions with the ability to conceptualize and use new methodologies. Must be able to cite examples of good decision-making skills when dealing with multiple alternatives.
• Proven experience working with complex programs that require identifying complex data and analyzing the quality of the output provided.
• Proven success in providing technical guidance and leadership to other associates in a fast-paced environment. Must possess strong coaching and effective feedback skills.
• Demonstrated strong project management skills, citing examples of developing, organizing, initiating and maintaining a project and successfully meeting goals and target dates.

Work Setting:

• This position works in an office setting and remains continuously in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings. Requires visual acuity to read a variety of correspondence, reports and forms and to prepare and analyze data.

Educational Requirements:

• Bachelors degree in Accounting or Finance.

Computer skills and knowledge of hardware & software required:

• Proficient in word processing and spreadsheet applications.

Certifications & licenses (i.e., Series 6 & 63, CPA, etc.):

• An advanced degree/certification (CPA or MBA) preferred.

Position Demands:

• Extended hours required during peak workloads or special projects.
• Up to 10% travel.