Fund Accountant

Company: Clocktower Group
Location: Santa Monica
Posted on: November 26, 2022

Job Description:

Clocktower Group is hiring for a Fund Accountant to join our collaborative, entrepreneurial team in Los Angeles, CA. -Clocktower Group is an alternative asset management firm, but we are not your traditional financial services company. - We believe successful investment approaches are predicated on sharing ideas, insights, and most importantly, building strong relationships. - We have a variety of offerings, spanning hedge fund and venture capital investing, advisory services, and an in-house strategy team that provides research on macroeconomics, geopolitics, and policy. - Building relationships is at the core of what we do, and that includes building an innovative and empowered team.Clocktower Technology Ventures (CTV), a technology investing arm within Clocktower Group, is a financial services innovation venture capital practice. We partner with phenomenal entrepreneurs who have the vision and drive to reinvent financial services. -If you are passionate about technology, a geek for financial services, and take pride in delivering excellence, we want you to join us.What youll do:

• Venture Valuation. You'll assist with the quarterly valuation process on portfolio companies and assess financing and capitalization events to determine impact to fund performance and equity holdings. You will help develop and maintain fund performance modeling and investment attribution analysis for both internal and external reporting.
• Fund Accounting. -Youll work with the Operations Team and with our fund administrators on the monthly and quarterly NAV accounting for our hedge fund seeding and venture capital funds. - This includes maintaining a shadow book to verify and approve the administrators calculations and participating in the valuation committee in determining valuations for venture portfolio companies. - Additionally, you will work with the funds auditors to finalize the annual audited financials.
• Fund Operations. -Youll work with the team to plan and execute capital calls, perform cash reconciliations, manage fund wires and cash flows, and monitor and pay fund expenses.
• Fund Launches. - Youll assist with the operational aspects of launching new fund products and co-investment vehicles, including onboarding service providers, opening bank accounts, and coordinating with internal and external legal counsel on entity formation and fund documents.
• Hedge Fund Seeding. Youll play an integral role in helping our hedge fund seeds launch and grow their businesses, leveraging your own expertise as well as that of our seed investors to provide best practices to seed managers. Your expertise will also contribute to our due diligence efforts on potential seeds.Qualifications:
• BS in Accounting and -Finance.
• 1-3+ years experience at an asset management firm or public accounting firm.
• Hedge fund, VC, and/or private equity accounting experience preferred, but not required.
• Strong technical skills and analytical ability, good judgment, and a strong operational focus.
• The ability to work independently and manage multiple projects simultaneously.
• This role must be onsite 3 days per week in our Santa Monica office.
• We currently require that all personnel and visitors to our office are fully vaccinated against the COVID-19 virus or wear a face covering. -What youll get:
• Joining an elite team that works with some of the most sophisticated investors in the world.
• Independence to run with your ideas.
• All the resources youll need to learn and grow.
• World-class benefits
• Delicious, healthy lunches and snacks
• Fully-paid, top-tier medical coverage and other perks
• Beautiful office space with amazing ocean viewsClocktower Group is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or any other status protected by law.Powered by JazzHR

Keywords: Clocktower Group, Santa Monica , Fund Accountant, Accounting, Auditing , Santa Monica, California