Job Details
Eleven Recruiting is hiring a Assistant Vice President of Legal Entity Accounting to join our of our largest Investment Management clients sitting onsite in Los Angeles, CA. In this role you will play a crucial role in ensuring the integrity and accuracy of the books and records of the investment legal entities. Collaborating closely with both onshore and offshore teams, you will deliver comprehensive reporting and analysis to internal and external stakeholders, including tax departments and fund accountants.
Responsibilities:
- Overseeing meticulous accounting of investment legal entities in line with relevant legal and tax frameworks.
- Reviewing and interpreting deal structure charts to ensure accurate fund flow schedules and setup in accounting systems.
- Collaborating with the tax department to identify and fulfill tax holdback requirements before proceeds transfer.
- Ensuring proper allocation of investment funding for multi-fund deals and funds with specific investment restrictions.
- Reviewing allocations by partner class, distinguishing entity expenses for electing blocker partners vs. other partner types.
- Reviewing and approving wires for investment fundings, entity seedings, and upstreams.
- Overseeing quarterly and annual books reconciliation for investment entities, including trial balance, economic allocations, and ownership splits.
- Coordinating with internal and external tax preparers to prepare support for various tax filings and reporting.
- Monitoring, reconciling, and reporting on blocker notes or third-party debt within deal structures.
- Providing oversight and training to the offshore Legal Entity Accounting team in maintaining entity books and records.
- Reviewing profit and loss allocations, capital activities, and balance reconciliations for funds.
- Contributing to various process and technology improvement projects related to assigned tasks.
- Undertaking other necessary tasks as required to ensure operational efficiency.
Qualifications
- 9+ years of relevant experience in public or private accounting or tax.
- Strong knowledge of private credit or private equity fund strategies and investments.
- Superior written and verbal communication skills, enabling effective collaboration both independently and within teams.
- Solid analytical capabilities and adeptness in resolving complex problems.
- Advanced knowledge of tiered partnership structures and basic legal entity and LP-level tax considerations.
Education
- A Bachelor's degree is required
- experience in tiered partnership taxation and familiarity with Geneva/GWI are advantageous but not mandatory
Seniority Level: Senior-level
Salary: $170,000
Job Function: Legal Entity Accounting
Industry: Investment Management
Employment Type: Full-Time
Location: Los Angeles, CA