Investment Accounting Manager

New York, NY +2

The Investment Accounting Management job manages the investment accounting policies and procedures of the organization and ensures they are correctly applied to financial transactions. This job partners directly with asset management, portfolio management and acquisition/disposition teams, and also supervises professional level employees who are responsible for preparing month end closing reports and subsidiary quarterly financial analytics.

Key Responsibilities and Duties

  • Leads the preparation of timely and accurate GAAP work papers and supporting schedules to satisfy all investment accounting requirements for internal and external audits.
  • Reviews financial information for joint ventures to ensure compliance with investment accounting policies and procedures (sales, acquisitions, debt refinancing, restructuring, and financial performance).
  • Ensures modified cash basis accounting information provided by third party management firms have been accurately converted to accrual basis to facilitate preparation of fair value GAAP basis financial statements.
  • Works closely with internal auditors, public accountants, federal tax examiners, and other financial professionals ensuring that practices are in line with the overall goals of the organization.
  • Explains investment accounting policies, procedures and control processes to ensure that policies are clear and understood by all team members.
  • Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional products and engagement, motivation, and development of Investment Accounting team.

Educational Requirements

  • University (Degree) Preferred

Work Experience

  • 5+ Years Required; 7+ Years Preferred

Physical Requirements

  • Physical Requirements: Sedentary Work

Career Level



  • 5+ years of accounting and financial statement reporting experience


  • 7+ years of accounting and financial statement reporting experience
  • Degree in Accounting or Finance
  • Experience in Alternative Investment accounting
  • In depth knowledge of partnership accounting, investment management and alternative products
  • Experience with Global Investment Performance Standards 
  • Experience interacting with internal and external auditors
  • Attention to details and ability to multi-task
  • Excellent organization skills
  • Proven track record for managing complex projects and transactions
  • Experience with WSO, Advent Geneva, Efront, MS Suite


  • Oversee accounting processes for unregistered funds and separate accounts with investments in corporate and convertible bonds, senior loans, collateralized obligations, equity securities, and derivatives  
  • Manage a global team of accounting professionals; provides direction to team for related daily operating activities. Assess performance, provide feedback, and develop team members to deliver superior business results. 
  • Identify areas of improvement and implement necessary enhancements
  • Participate in new product launches and advise on requirements, processes, risks, and costs from a Finance perspective
  • Represent Finance team in technology enhancement working groups
  • Fund financial statement preparation and review
  • Monthly, Quarterly NAV closes.
  • Calculation of management, incentive fees
  • Expense tracking and approvals
  • Service provider review
  • Advise clients on various Ad hoc inquiries

Base Pay Range: $93,600/yr. - $156,000/yr.Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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