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Alternative Fund Accountant

Company: Western Asset Management
Location: Pasadena
Posted on: June 8, 2021

Job Description:

Job Description

Invest in your future as you invest for our clients

As an Alternatives Fund Accountant, you'll be responsible for the overall financial accounting and control, tax structuring, operations, fund launch/liquidations and third party service provider oversight of custodians, fund accounting agents and investor servicing providers.

Our team collaborates across multiple business divisions including Investment Management, Legal & Compliance and Client Service. You will act as an accountant for alternative investment strategies.

You are a highly proficient accountant with alternatives experience to manage complexities of alternative investment types including private credit, fixed income, derivatives, bank loans, subordinated debt, as well as structured products and other unique securities. You are energetic and highly motivated individual who adapts quickly and thrives in a team-oriented setting.

What you will do

  • Serve as a Fund Accountant with responsibility for complete financial accounting, reporting and operational facilitation for a sub-set of alternative funds
  • Responsible for the administration of the portfolios, including daily cash reconciliation, NAV reconciliation, derivative reconciliations, variance research, preparing subscriptions and redemption instructions, pricing checks, preparation of hedge ratio, NAV review and approval
  • Prepare / draft fixed deposit and spot foreign exchange transactions to facilitate cash management related targets
  • Prepare the monthly NAV close process focused on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting
  • Prepare ad-hoc reporting and rotating fund tasks which include weekly pipeline, pricing checks, yields for IO securities, month-end holdings file, SOC, expense ratios calculations, advisory fees, custom reporting and tax reporting
  • Support annual financial statement audit work: confirmations, financial statement reviews and audit support.
  • Assist with fund expense process
  • Assist with external audit requests, regulatory reporting and other reporting requirements
  • Complete the various regulatory and other reporting requirements
  • Participate in various team projects and initiatives

Find a place for your ideas

Bring us exceptional accounting, financial and analytical skills along with a passion to serve our clients. This is a highly collaborative, collegiate team where self-motivation is vital, and shared problem-solving and learning is supported. Ready to deal with multiple, challenging demands, you'll be organized with strong time and project management skills to adapt to a fast paced environment. You'll thrive in our non-hierarchical, entrepreneurial culture where your ideas will be heard, and your input valued.

What you will bring

  • Bachelor's degree with a major in Accounting or Finance
  • 2-4 years of experience in financial accounting, audit, tax or finance function for an alternative investment manager
  • Exposure to alternative fund structures
  • Ability to implement accounting and reporting for investment structures for different asset classes
  • Experience with external audit processes and procedures
  • Knowledge of accounting principles including US GAAP and Investment Company Accounting
  • Excellent quantitative and research skills and exhibits a strong interest in finance and accounting.
  • Strong communication skills both written and verbal and ability to interact with both clients and managers in other departments
  • Strong attention to detail, analytical and problem-solving ability
  • Active or Desired CPA license

About Western Asset

At Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We're building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.

Keywords: Western Asset Management, Pasadena , Alternative Fund Accountant, Other , Pasadena, California

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