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Senior Accountant, Alternative Funds
(more about Western Asset)
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Unfortunately Western Asset has archived this job posting, they are no longer accepting applications.

Senior Accountant, Alternative Funds

Job Description

Keep pace with our success

As Senior Fund Accountant, you’ll play an important role in the overall financial accounting and control, tax structuring and oversight of custodians, fund accounting agents and investor servicing providers. You’ll work collaboratively across multiple business divisions including Investment Management, Client Service and Legal & Compliance. You’ll act as the firm’s de facto “Fund Controller” for alternative investment strategies and complex fund structures. Using your advanced accountant skills, you’ll participate in managing complex financing transactions. To thrive in this role, you enjoy working in a fast paced, deadline driven environment. You’re able to balance a sharp focus on details with awareness of the bigger picture.

 

What you will do

  • Work on complex financing transactions such as securitization for our more complex funds.
  • Manage complete financial accounting, reporting and operational facilitation for a sub-set of complex funds.
  • Oversee and review NAV reconciliations, subscriptions and redemption instructions, NAV review and approval and distributions.
  • Oversee the monthly NAV close process performed by the Fund Accountant focused on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting.
  • Compute and review hedge ratios for hedged share classes for compliance and investment management.
  • Participate and coordinate the fund launches and liquidations which also requires analyzing complex fund structures to set-up with our third-party administrator.
  • Review the key financial information for investor deliverables (investor reports, capital account statements and annual audited financial statements).
  • Prepare / draft / review fixed deposit and spot fx transactions to facilitate cash management related targets
  • Contribute to the management and oversight the funds' administrator through SLAs/critical metrics and due diligence visits
  • Lead the coordination and project management of various team projects and initiatives.

 

What you will bring

  • A depth of experience in financial accounting, audit or finance function for an alternative investment manager
  • Experience with alternative fund structures, external audit processes and procedures
  • Ability to implement accounting and reporting for investment structures for different asset classes
  • Desire to understand transaction process flows and requirements and develop processes to solve complexities as they arise
  • Knowledge of accounting principles including US GAAP and Investment Company Accounting
  • Bachelor's degree with a major in Accounting or Finance
  • Active or Desired CPA license

 

Expected base salary for the role will generally be between $89,000 and $113,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include other forms of compensation such as, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

 

About Western Asset

Western Asset we’re saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we’re investing in new technologies, methodologies and markets. We’re also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We’re building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.

 

Our Commitment to Diversity

We believe a diverse and cohesive workforce promotes the formation of different ideas and viewpoints, enhances independent thinking, and helps create a work environment where the best ideas are identified and implemented.  We are committed to unlocking the power of diversity through an inclusive environment that affords everyone the opportunity to develop individually, advance professionally and participate fully in the Firm’s success.

How to Apply

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EQUAL EMPLOYMENT OPPORTUNITY ("EEO") Western Asset Management is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.
Link to Equal Employment Opportunity Statement
Link to Pay Transparency Notice
Link to Equal Employment Opportunity Poster
Link to Equal Employment Opportunity Poster Supplement
Link to Vietnam Era Veterans Readjustment Assistance Act
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