Senior Director, Investment Fund Accounting
Lending Club - San Francisco, CA

This job posting is no longer available on Lending Club. Find similar jobs: Senior Director jobs - Lending Club jobs

Lending Club is looking to hire a Senior Director, Investment Fund Accounting to be a part of the Accounting/Finance team.

Job Description

Manage the recording, documentation and maintenance of daily and monthly records of Company-managed investment funds. Investment funds’ transactions includes partners’ capital subscriptions/contributions/distributions/withdrawals, securities purchases, securities’ P& I payments, securities defaults/charge-offs, and securities’ fair valuation.

Manage the balancing and reconciliation of cash, securities purchased, partners’ capital subscriptions and partners’ capital balances and activities recorded on the Funds’ account statements, bank records, accounting workbooks and the general ledger

Manage the monthly, quarterly and year-end financial statement closings for the Funds. Analyze the monthly performance (returns) of the Funds, including monthly changes in gross interest income, charge-offs, other fair valuation adjustments and management fees, and report the results of the analysis to executive management.

Update and document the recurring and periodic analyses of estimated fair values of Funds’ securities, monthly Fund returns, analysis of actual versus expected charge-offs, delinquent securities, securities prepayments, and other analyses as warranted

Oversee the update, maintenance and documentation of LC Corporation fair valuation model/process that is used for loans and securities of LC Corp and the Funds.

Lead and coordinate the Funds’ year-end audits, including coordination with the auditor, managing the preparation of all required audit documentation for the Funds, and distribution of the audited financial statements to the Funds’ limited partners. Respond to auditors’ requests in the areas of securities accounting, securities’ fair values and partners’ capital accounting as necessary

Lead and coordinate the Funds’ year-end tax reporting, including preparation of tax-basis calculations of certain income/expense items, coordinating preparation and distribution of limited partners’ K-1’s with the Fund Administrator and internal/external tax accountants.

Coordinate and support the analysis, implementation and operation of new and revised investment funds, joint ventures and related programs. Assess and identify personnel and systems resource requirements, process/procedural workflow across departments, internal controls and reporting requirements as warranted.

Requirements

Seven or more years’ experience in fixed income security accounting or fixed income investment fund accounting, including fair valuation of fixed income securities, in an investment management company, mutual fund company, the Investment/Treasury/Trading area of a bank, savings institution, or comparable financial services company

Strong knowledge of accounting principles for fixed income securities purchases, payments and valuations; familiarity with partnership accounting and taxation a plus

Strong knowledge of fair valuation concepts and methodologies, including discounted cash flow valuation methodologies, for fixed income securities, including fair valuation of securities with limited marketability or no observable market prices

Strong knowledge of industry practices and regulatory requirements for private and public investment funds

Ability to identify problems/discrepancies, independently perform research/analysis of causes and recommend corrective actions

Ability to verbally communicate clearly and precisely on technical/specific topics

Experienced and effective skills to organize unit activities, manage staff and coordinate with executives, managers and staff of other units and departments.

Must be self-directed, able to work independently, as well as work in a team-oriented and fast paced environment

Strong initiative and demonstrated ability to be flexible, adaptive and agile

Upper-intermediate skills with Excel required; familiarity with Access a plus

Bachelors’ degree in Accounting, Finance, Economics, or related Business discipline preferred. CPA, CFA and/or Masters Degree in a Business, Accounting, Finance, Economics or a related discipline a significant, or equivalent work experience.

About this company
5 reviews
Lending Club opened in 2007 with one simple mission: create a more efficient, transparent and customer-friendly alternative to the...