The Investment Accounting Manager oversees the day-to-day accounting for various operating companies, holding companies and private equity investment vehicles with a high volume of investment activity. The role includes timely preparation and review of GAAP compliant financial statements including footnotes, account reconciliations, variance explanations and various lender and other reporting as well as the oversight of an accurate and complete general ledger. The Accounting Manager is responsible for ensuring that transactions are reflected in the general ledger in accordance with GAAP, regulatory requirements, and company policy.
Essential Job Functions
Responsible for oversight of the books and records for various entities including full financial statement preparation inclusive of footnotes for private equity investment vehicles and funds, various operating entities and holding companies
This includes review of the reporting packages to ensure compliance with internal and external requirements, ensures reconciling items and unusual transactions are analyzed and either explained, corrected and/or cleared in a timely manner. Coordinates, reviews, and distributes financial reporting for senior management and third-party investors
Assists in research of complex and subjective accounting/regulatory Issues
Oversees timely reconciliation and settlement of intercompany activity/balances
Documents, evaluates accounting treatment with Director and oversees recording of complex investment activity/transactions in all stages of the investment cycle from acquisition to liquidation
Collaborates with other accounting team members to establish/modify procedures to improve the effectiveness and efficiency of the month, quarter and year-end closing and reporting cycles
Read, analyze, and comprehend Accounting Standards Updates. Summarize, update and implement policies for new GAAP literature, disclosure requirements or changes to reporting requirements
Documents the accounting analysis and concluded treatment for significant transactions
Ensures that balance sheet accounts in areas of responsibility are appropriately reconciled with appropriate supporting documentation and that reconciling items clear in a timely manner for areas of responsibility
Reviews team’s work product to ensure quality output is published in accordance with the assigned deadlines
Evaluate implications of legal documents as they pertain to significant accounting transactions
Prepare quarterly and annual debt covenant calculations
Document accounting policies and procedures
Assist with external auditors and consultants to assist with various audits and tax return preparation. Manages the preparation of supporting documentation, ensuring timeliness and accuracy
May have exposure to oversight of enterprise wide data integrity monitoring and measurement
Prepares ad hoc analysis to assist in budget variance investigation and forecasting
Perform other duties and projects as assigned (there is a significant ad hoc component to this role requiring creativity and independent thought)
Director of Investment Accounting – Reports to, receives direction, guidance and coaching, and obtain/exchange information.
Leadership – HCBS and all other Hunt entities – obtain/exchange information.
Vendors and/or Auditors.
Responsible for ensuring that all assigned accounting allocations are recorded and documented appropriately.
Responsible for professional development and performance management of the team.
Bachelor's degree in accounting.
Experience and Qualifications
Minimum five to seven years of accounting experience in a large and sophisticated corporate accounting and/or private equity fund reporting setting; Public accounting background a plus
Active Certified Public Accountant designation preferred
Knowledge of fair value, investment company guide, revenue recognition and leasing accounting standards
Ability and flexibility to effectively function and multi-task in a dynamic and fast paced setting
Strong knowledge of financial statement preparation including footnote preparation, GAAP and internal control policies and procedures required
Demonstrate ability to research, interpret and communicate a variety of technical accounting issues
Demonstrate strong relationship management skills with internal clients (e.g. asset management, senior/executive management, peers and colleagues); proven ability to develop creative and collaborative approaches
Management ability to direct, guide, motivate, and develop staff
Ability to prioritize for self and others, strong organizational skills
Ability to define problems and organize efficient solutions, analyze data, and draw valid conclusions
Knowledge of Registered Investment Advisor roles/responsibilities and Limited Partner communication/reporting requirements
Strong working knowledge of ERP financial systems and proficiency with MS Office suite including advanced working knowledge of MS Excel
Requires a detail oriented, self-starter who takes initiative and can be a part of a team. Must demonstrate strong attention to detail, and demonstrate knowledge of accounting practices and procedures. Must demonstrate excellent written and verbal communication skills and interpersonal skills, particularly the ability to communicate effectively with all levels of management and industry professionals.
Hunt provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
About Hunt Companies
Hunt, based in El Paso, Texas, is a diversified, family-owned holding company that invests in operating businesses, real estate assets and infrastructure assets. Since its founding in 1947, Hunt's size and scope have grown substantially while gaining considerable expertise across multiple real asset sectors. Hunt's reputation is built on integrity and performance. Hunt is committed to a culture of transparency for employees, clients, investors, and the communities it serves.