Alternative Financial Reporting, VP

Location: Wilmington, DE
Job Type: Direct Hire
Salary: $112,000.00 - $118,000.00
Degree: Bachelor; Master; Certificate;
Date: 12/5/2017
Job ID: 02548048
Job Description
Job description
 

Position within the Alternatives Financial Reporting team of an investment advisor with over $5 trillion assets under management reporting directly to the Director of Global Fund Services.   As an experienced professional, this position supports a complex and fast-paced alternative investment fund business in a dynamic and challenging environment. 

Day-to-day responsibilities include financial reporting oversight for approximately 380 open-end and closed-end alternative investment funds that will provide exposure to a wide variety of asset classes including private equity, private credit, liquid fund of funds, private equity fund of funds, direct strategy hedge funds and other illiquid strategy products.

Responsibilities

  • Review annual audited and quarterly unaudited financial statements and notes to financial statements that are prepared in accordance with US GAAP and/or IFRS;
  • Manage annual audit process, including organizing and leading audit planning, audit status and closing meetings with fund administrators and external audit firms;
  • Identify, escalate and resolve audit-related issues if they arise; 
  • Facilitate periodic filing submissions to the SEC, NFA, CIMA or other regulatory bodies as appropriate;
  • Interact with multiple internal and external stakeholders during the audit process, including external financial reporting teams at fund administrators, external audit firms, internal/external accounting teams, investment operations teams, portfolio managers, internal/external directors and internal/external legal counsel;
  • Actively contribute to the ongoing development of the financial reporting oversight process with the goal of improving efficiency and scale while maintaining the quality of review;
  • Engage with the firm’s global accounting policy team to research accounting policy related matters for the team and to formally document accounting treatment/approach;
  • Oversee metrics reporting to senior management for the team;
  • Manage technology initiatives and projects for the team;
  • Build and oversee financial reporting educational programs that are targeted to newer team members across internal teams involved in the financial reporting and audit process;
  • Manage the product onboarding and off-boarding process, which would include periodic review and updates to financial reporting timelines for new, existing and liquidating products;
  • Oversee the annual fee analysis for all service providers;
  • Manage additional responsibilities outside of financial reporting oversight, such as annual security count procedures and other ad hoc requests that arise from internal teams;
  • Manage certain functionalized areas of review for specific disclosures across all product sets.

Qualifications

  • Bachelor’s degree in accounting or finance;
  • Advanced degree and/or CPA are preferable;
  • Candidate must possess 7 to 10 years combined experience in public accounting, internal audit, alternative fund administration or accounting, preferably within an alternative fund financial reporting group;
  • Candidate must have knowledge of technical and regulatory issues affecting the alternative investment fund industry, including knowledge of investment company accounting/reporting, US GAAP and IFRS;
  • Proficiency in Microsoft Excel, Word, and PowerPoint.

Competencies

  • Takes ownership of outcomes and is personally accountable for results (Accountability & Ownership);
  • Analyze relevant information using logic and consider relevant facts to make rational, realistic and sound decisions (Analytic Ability);
  • Produces accurate work and spots mistakes/errors and makes appropriate corrections (Attention to Detail);
  • Understands common business and financial terminology including how organizations operate, compete and grow (Business Acumen);
  • Excellent verbal, written and interpersonal communication skills including ability to clearly articulate results of financial analyses as wells as issues to senior management and the auditors (Communication Skills);
  • Self-motivated, determined to achieve goals and works hard to meet those goals. (Drive, Determination and Execution);
  • Works effectively to plan and prioritize responsibilities including ongoing and ad hoc projects simultaneously (Plan and Prioritize);
  • Develops practical and pragmatic solutions to problems (Problem Solving);
  • Effectively plans, implements and develops a methodical approach to projects (Project Management);
  • Builds working partnerships and sustains collaboration in the workplace. (Relationship Building);
  • Promotes and facilitates the group’s work while contributing to the group using inspiration and motivation (Teamwork);
  • Generates fresh ideas using structured thinking by reevaluating existing approaches and processes (Innovation and Creativity);
  • Proactively acts upon opportunities and is a self-starter (Takes initiative)