Investment Accounting Manager - Nuveen Private Funds Finance
About the role
Provides expertise and leads the review of accounting policies and procedures, ensuring they are correctly applied to financial transactions. Works directly with asset management, portfolio management, and acquisition/disposition teams. Guides a team to prepare month-end closing reports and subsidiary quarterly financial analytics, and reports to senior management to ensure accurate asset evaluations.
Responsibilities
- Reviews Generally Accepted Accounting Principles (GAAP) work papers and supporting schedules to satisfy all investment accounting requirements for internal and external audits.
- Identifies key financial takeaways and information for joint ventures to ensure compliance with investment accounting policies and procedures (sales, acquisitions, debt refinancing, real estate investment trust (REIT) restructuring, and financial performance).
- Reviews frequent and ad-hoc financial inquiries into the monthly and quarterly reports, adding value by providing management insight into the activities of the underlying properties.
- Analyzes calculated unlevered and levered, gross and net portfolio performance returns and property internal rates of return.
- Provides expertise and advice on modified cash basis accounting information provided by third-party management firms to accrual basis to facilitate preparation of fair value GAAP basis financial statements.
- Manages large processes in reporting and investment accounts, along with guiding and mentoring lower-level professionals.
- Oversees accounting processes for unregistered funds and separate accounts with investments in corporate and convertible bonds, senior loans, collateralized obligations, equity securities, and derivatives.
- Oversees a global team of accounting professionals; provides direction to the team for related daily operating activities.
- Identifies areas of improvement and implements necessary enhancements.
- Participates in new product launches and advises on requirements, processes, risks, and costs from a Finance perspective.
- Represents the Finance team in technology enhancement working groups.
- Handles fund financial statement preparation and review.
- Manages monthly and quarterly NAV closes.
- Calculates management and incentive fees.
- Tracks and approves expenses.
- Reviews service providers.
- Advises clients on various ad-hoc inquiries.
Requirements
- 5+ years of accounting and financial statement reporting experience (7+ years preferred).
- University degree (Accounting or Finance preferred).
- 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 detail and ability to multi-task.
- Excellent organization skills.
- Proven track record for managing complex projects and transactions.
- Experience with WSO, Advent Geneva, Efront, or MS Suite.
Skills
- Accountability
- Accounting Standards
- Business Acumen
- Client Relationship Management
- Collaboration
- Communication
- Compliance
- Data-Driven Business Intelligence
- Due Diligence
- Executive Presence
- Financial Acumen
- Financial Modeling
- Financial Risk Management
- Financial Statements
- Fund Accounting
- Market/Industry Dynamics
- Stakeholder Engagement
- Storytelling
Physical Requirements
Sedentary work.
Pay
Base pay range: $93,400/yr – $110,000/yr. Actual base salary may vary based on 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 participation in an incentive program linked to performance.
Benefits
The organization offers a comprehensive Total Rewards package designed to support associates' physical, emotional, and financial well-being. Benefits include a superior retirement program, highly competitive health and wellness offerings, and work-life balance initiatives.