Position Summary
The Senior Fund Accountant will be an integral member within the Client and Fund Reporting-Alternatives (CFR) group of TCW and will be responsible for working with various internal and external teams. The role will be primarily focused on ensuring the timely and accurate completion of the Private Credit Group’s fund level reporting, including fund accounting, financial reporting, managing credit facilities, RIC /40 Act compliance, capital calls/distributions, tax reporting, fund expenses, and treasury services.
This position will coordinate and liaise with various groups within TCW, including but not limited to corporate accounting, client and fund reporting, investment operations, legal, tax, and compliance.
This position will work directly with members on the CFR team as well as TCW’s Private Credit Group.
Essential Duties
Fund Accounting
- Prepare month-end NAV and closing packages using data from internal accounting system and manual calculations
- Prepare calculations of management fees, fund level IRRs, hurdle rates, incentive fees and carry allocations in accordance with governing fund documents
- Book fund level transactions and investor capital activity in the internal accounting system and setup accrual schedules and other manual calculations as needed
- Prepare quarterly and annual financial statements and the Notes to the Financial Statements
- Maintain capital activity report of unfunded commitments, recallable capital and available capital
- Prepare allocations of capital calls and distributions and set up notices accordingly
- Calculate and provide investor allocations of quarterly P&L for investor statements
- Assist with quarterly and yearly audit inquires and requests
- Complete ad hoc projects as assigned
Credit Facility
- Prepare borrowing and repayment notices, issuer orders, borrowing base and compliance certificates
- Update borrowing base reports for subscription facilities and asset-backed facilities and related activities
- Assist with the preparation of Monthly and Payment Date Reports for Credit Facilities
Tax and Compliance
- Assist with the RIC and 40act asset-diversification and asset coverage tests as well as various income and distribution tests
Cash Management
- Review daily cash reconciliations and assist with management of cash balances through use of credit facilities and other fund level activities
Required Qualifications
- Bachelor's degree in Accounting, Finance or Economics
- At least 3 years of fund accounting experience, preferably within large investment firms or financial institutions, and background in alternative investment funds with a focus on asset backed facilities or CLO’s
Professional Skills Qualifications
- Excellent verbal and written communication and interpersonal skills (must establish good working relationships with internal and external teams)
- Excellent organizational skills and attention to detail
- Strong analytical and problem-solving capabilities
- Critical thinking skills and ability to learn at an accelerated pace
Desired Qualifications
- Advanced knowledge of Excel
Estimated Compensation:
Base Salary: For CA & NY based position, the base salary range is $100k to $130k. This is an anticipated range only.
Other Compensation: Eligible to be considered for an annual discretionary bonus
Benefits: Eligible for TCW’s comprehensive benefits package. See more information here.
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