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Director/Senior Manager, Fund Accounting

Company: Beyond International Group
Location: Irvine
Posted on: June 25, 2022

Job Description:

Director/Senior Manager, Fund AccountingBeyond International is a fast-growing multinational fintech company transforming alternative investment market globally. We are looking for a Director or a Senior Manager (depending on the experience), Fund Accounting whose primary responsibility is effective leadership and management of all activities relating to the Company's accounting team and global investment fund financial operations.The ideal candidate will have 5- 8 years (for Senior Manager position) or 10+ years (for Director position) of experience and a strong background in driving and overseeing private equity or similar close-ended fund processes that include, but are not limited to: fund financial reporting, financial operations, regulatory and tax compliance, quarterly financial reporting for GP and LPs, budgeting, management of third-party fund administrators, and annual audit support.This position will report to the organization's senior executive team with a career path to becoming the group CFO as the company's platform continues to expand in the North America and Asian markets. This position is full-time (40 hours per week) and on-site. It may require limited weekend and evening hours for special projects. In addition to the annual salary, other compensation includes bonus and eligible stock option plan. We also offer a competitive benefits package that includes, but is not limited to: 401K retirement plan, medical, dental, vision, life, AD&D, legal aid, free gym membership, and other ancillary benefits. If you are seeking to work in a dynamic growing company and dedicated to bringing out the best of your skills, talents, and experience to help with the organization's continued success, then this is the place for you. We are seeking an individual with strong entrepreneurial skills and personal motivation that align with the Company's vision, and able to fit into our dynamic, talented team.Summary of Responsibilities:

  • Lead the general ledger accounting activities of the corporate and funds to ensure timely and accurate reporting in accordance with US GAAP.
  • Manage monthly and quarterly corporate and funds closing process to ensure accounting tasks are completed accurately and timely, including leading the group consolidated financial reporting for US and overseas entities.
  • Collaborating with tax adviser on tax compliance, distribution calculations and other special projects to ensure timely filing of federal and state tax returns, including collection of K-1s from portfolio companies and distribution of K-1s, 1099s,1042s, etc.
  • Lead and oversee the yearly budget and quarterly reforecast processes. Provide timely and accurate analysis of budgets, financial reports and financial trends in order to assist senior management and other executives in performing their duties.
  • Partner across departments in the planning and integration of systems, improving financial management tools related to performance, defining roles and responsibilities and delivering effective improvements to processes as part of the fund investment initiative.
  • Managing relationships with key counterparties related to the financial operations
  • Preparing timely and accurate internal and external operating reports, and other discreet reporting as required by financing and partnership agreements
  • Assisting in the preparation of quarterly valuations of portfolio investments following the firm's valuation policy. --- - - - - - -Collaborating with fund operation team on the preparation of fund's cash distribution and waterfall calculations as part of the disposition process
    • Managing fund audits as needed, including the preparation of schedules, liaising with the auditors, and responding to open items. Summary of Qualifications, Skills, and Experience:
      • Bachelor's degree in Finance, Accounting, or related field. Continued academic achievements such as a master's degree, CPA, CFA, or other relevant certifications is a plus.
      • 5-8 / 10+ years of financial leadership experience with increasing responsibilities in fund finance and management, accounting and finance, along with track record of success in financial, managerial, and leadership roles in the alternatives sectors such as private equity, late-stage VC, sophisticated family office, hedge fund, or other alternative strategies.
      • Prior private equity experience leading back-office operations, fund accounting, investor reporting and compliance is required.
      • Broad exposure to all fundamental financial and accounting disciplines including general accounting, audit, reporting, cost accounting, planning, analysis, budgeting, information systems, taxation, treasury, insurance, credit, regulatory reporting and compliance, and risk management.
      • Understanding the concepts of budgeting and forecasting for the funds, inclusive of waterfall allocations analysis, and other complex calculations.
      • Effective working experience across all levels of the business, internally and externally; experience in presenting to investors, regulators, auditors and other critical internal and external constituencies is a strong plus
      • Demonstrated effectiveness within a small to medium-sized organization with both strategic and hands-on responsibilities.
      • Demonstrated understanding, knowledge of, and experience reading and interpreting contracts such as LPAs or closing investment documents.
      • GP fund level accounting and compliance-understanding of how fund waterfall works, how fund operations work, who stakeholders are and what benefits them.
      • LP (Limited Partners) reporting, including overseeing writing capital calls, quarterly reports, and investor communication.
      • Able to communicate in Chinese is a plus, but not required. Other Requirements: --- Must be able to commute to Irvine, CA. --- Strong leadership, drafting, analytical, communication, and organizational skills. --- Ability to work independently while remaining a strong team player. --- Substantial initiative, creativity and drive.

Keywords: Beyond International Group, Irvine , Director/Senior Manager, Fund Accounting, Executive , Irvine, California

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