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Investment Accounting Manager (Trust & Nonprofit Accounting) (1034-1)

Los Angeles, CA area

Foundation and Trust seeks an Investment Accounting Manager who will manage
financial accounting and tax reporting for investment portfolios. Primary
responsibilities will include oversight of financial systems to track
alternative investments and analysis and compliance work for investment
transactions, as well as work related to financial/regulatory issues. This
position will report to the Controller and will serve as an important link
between the Finance and Investment Teams.

Research emerging accounting/tax laws to assess impact on the complex nature
of the investment portfolio
Review financial elements of due diligence to ensure consistency in
financial reporting of new investments
Review manager fees for consistency with subscription/legal documents
Partner with Investment Operations to review
computations/performance/benchmark calculations
Review investment manager reports/statements for propriety and reconcile
data to custodian reports and monthly/quarterly/annual financial statements
including non-GAAP and foreign currency
Analyze derivative activity for proper financial reporting and identify
controls to ensure accuracy of reporting
Manage design/implementation/maintenance of financial systems to support
analysis/proper reporting of alternative investments
Develop/implement best practices surrounding investment financial accounting
through interaction and relationships with peer foundations
Review data reconciliation of manager statements performed by investment
operations manager to assess impact on Custodian records and propose
adjustments as necessary
Assist with preparation of the 990PF related to investments for the
Foundation and Trusts
Assist with preparation of the 990-T and state tax returns including
analysis of unrelated business income tax for Foundation and Trusts
Ensure compliance with all foreign disclosure and reporting requirements
related to investments for the Foundation and Trusts
Ensure all partnership K-1?s and audited financial statements are
received/analyzed for accuracy and completeness
Manage tax and cost basis tracking for investments ensuring accuracy
Ensure investment journal entries are accurately prepared and reports are
electronically maintained
Review of investment portfolio performance for the purpose of determining
investment staff incentive pay
Evaluate accuracy of 12/31 investment balances using manager reports
received subsequent to the balance sheet date and investigate differences to
ensure year end balances are accurate
Update Foundation and Trusts? accounting systems, chart of accounts,
subsidiary ledgers, monthly schedules, and reconciliation worksheets to
reflect new investments
Streamline financial reporting process related to investments including
managing internal/external audit requests
Ensure accuracy of Investment footnotes for annual audit of the financial
statements for the Foundation and Trust including the Fair Value Hierarchy
reporting (Topic 820)
Ensure Data Integrity through the development and implementation of policies
and procedures surrounding the management of investment accounting data
Other duties and projects as assigned

Bachelor?s degree in accounting, finance or related field
CPA or Master?s degree in business preferred
Minimum of 5-8 years of experience gained through working in a variety of
organizations (e.g., accounting firm, investment firm, audit firm, industry,
non-profit, pension plan)
Experience using Intacct and/or C-Track is a plus
Experience working in a demanding/high performance/ambiguous work
environment with team-oriented culture
Strong knowledge of accounting and finance
High attention to detail and accuracy
Capacity to quickly develop an understanding of the Foundation and Trusts?
programs, strategies, and initiatives, the organization mission,
philosophies, structure, values, program direction, niche, and policies
Strong quantitative/statistical/analytical skills
High aptitude for system/data management and math concepts used in
Ability to: interpret requests for access to data via reporting/on-line
information; analyze/interpret tax laws and regulations; clearly communicate
concepts/research findings/issues analysis/project evaluation results/data
interpretations; self-start/organize/prioritize/meet deadlines with minimum
level of direction for a wide variety of tasks/projects with many moving
High level of professionalism/diplomacy/discretion with ability to maintain
matters of confidentiality
Knowledge of spreadsheet/database/word processing
applications/CRMs/accounting software maintenance and report writer skills
Strong project management & workflow analysis skills
Ability to interact collaboratively with all levels of staff/external
consultants/professional networks
Interest in philanthropy and the Foundation?s mission and operations

Alternative Investments // Asset Management // Banking // Broker Dealer // Public Accounting