Accounting Associate

About TMF Group

TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. We provide legal, financial and employee administration through TMF Group’s teams in 120 offices.

Associate Develop basic understanding of:

• Alternative fund industry
• General, partnership and portfolio accounting concepts
• Investor allocations
• Various investor level fee structures and calculations
• Excel, Word and Outlook
• Various fund types (e.g., hedge, private equity, venture capital, fund of funds, etc.) and legal structures (e.g., limited partnerships, limited liability companies, etc.)
• ATWeb general functions: capital activity, profile records, journal entries (COA), navigate reporting (batch), portfolio activity
• The private fund offering and capital activity process (e.g., subscriptions, redemptions, commitments, calls and distributions)
• Annual audit process and financial reporting

Responsibilities include:

• Prepare and maintain accounting and administration for approximately 6‐12 client engagements
• Ensure all client deliverables are prepared accurately and with a high level of quality
• Reconcile all portfolio and cash activity to source data
• Ensure fund expenses are accrued timely and in accordance with GAAP
• Prepare and review investor allocations and ensure fees and allocations are booked accurately
• Prepare monthly Net Asset Value reporting while following established accounting procedure and controls
• Draft quarterly unaudited financial statements for closed‐end fund structures
• Perform simple (single‐step) call and distribution calculations for closed‐end fund structures (initial and post investment period activity)
• Supporting team with clerical and administrative duties
• Draft annual financial statements for audit; general communication with audit/tax firms (PBC
• requests)

Areas of focus and skills required:

• Attention to detail
• Task management ‐ managing time, priorities, and meeting deadlines
• Communication (internal and external) ‐ respond to requests in a timely manner, set realistic deadlines and sticks to them
• Relationship building ‐ develop working relationships with peers and senior associates
• Email inbox organization
• E‐mail etiquette

What's in it for you?

Pathways for career development

• Work with colleagues and clients around the world on interesting and challenging work.

• We provide internal career opportunities, so you can take your career further within TMF.

• Continuous development is supported through global learning opportunities from the TMF Business Academy.

Making an impact

• You’ll be helping us to make the world a simpler place to do business for our clients.

• Through our corporate social responsibility program, you’ll also be making a difference in the communities where we work.

A supportive environment

• Strong feedback culture to help build an engaging workplace.

• Our inclusive work environment allows you to work from our offices around the world, as well as from home, helping you find the right work-life balance to perform at your best.

Job Type: Full-time

Salary: From $50,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Carlsbad, CA 92011: Reliably commute or planning to relocate before starting work (Required)

Experience:

• QuickBooks: 1 year (Preferred)

Work Location: Hybrid remote in Carlsbad, CA 92011

Salary : $50,000