Senior Accountant

Senior Accountant

About

Dynamo Software has provided industry-tailored, highly configurable investment management, reporting and data management solutions to the global alternative investment industry since 1998. Dynamo provides SaaS solutions across the private investment landscape including fund administrators, endowments, pension funds, foundations, private equity and venture capital funds, real estate investment firms, hedge funds, prime brokers, funds of funds, and family offices. The Dynamo™ platform has improved the productivity of fundraising, deal, research, investor servicing, portfolio management, and compliance teams worldwide. Collectively, Dynamo’s 1,000+ clients manage over $5 trillion in assets.

The Company’s proprietary Dynamo Accounting™ software provides easy access to all firm information from one intuitive interface, handles complex fund structures and economic arrangements, and provides best of breed reporting. Dynamo Software’s experienced team of accounting professionals offers a full range of implementation and outsourcing services tailored to each client’s needs and budget. Clients include venture, buy-out, fund of funds, SBICs, family offices, and other private equity firms with assets under management ranging from under $200 million to multi-billion.

Although we operate as a unified team, our Dynamo Accounting team effectively has two practices:

  • Dynamo Accounting licensing and related implementation & support services
  • Outsourced Accounting and Reporting Services
  • Your role:

    This position is within the Outsourced Accounting and Reporting Services practice (the “Outsourcing Practice”) and reports to a Fund Controller or Senior Manager within our Outsourcing Practice. The Outsourcing Practice focuses on private equity and provides customized bundles of accounting and reporting services to our clients, which include, but are not limited to, entry of all accounting transactions and related recordkeeping; preparation and e-delivery of quarterly unaudited financial statements and investor reports; preparation and e-delivery of investor capital calls and distributions; coordination of annual audits, including drafting the footnotes to the audited financials; coordination of annual partnership income tax returns and e-delivery of Schedule K-1s to investors; maintenance of clients’ online investor portals; responding to ad hoc questions from clients and their investors; administering the treasury function including lines of credit.

    Your daily life:

    • Monitor cash transactional activity and assure that related accounting entries are accurate, timely, and consistently recorded. Prepare monthly/weekly bank reconciliations, as appropriate.
    • Address incoming requests from clients, client investors, and client portfolio companies, as assigned.
    • Publish and perform an initial review of periodic client reports, such as weekly reports and notices.
    • Assist with capital call and distribution processing, including issuing mail merge notices to client investors and processing capital call receipts.
    • Manage client investor portals and related requests from client investors.
    • Assist with the quarterly closing process, including gathering and confirming NAV statements from underlying investment partnerships for fund of funds clients. Publish preliminary financial and investor reports and perform initial checks and formatting thereof. Upon receipt of client approvals, assemble final reports and distribute using appropriate means for each client (either email mail merge or portal or both).
    • Assist with preparation of work papers in support of the annual audit of client records, including coordinating all investment and other confirmation requests.
    • Assist with ad hoc requests for additional research and analysis.
    • Assist with the preparation of annual Schedule K-1s for client investors, including compiling K-1 header information for a tax preparer, responding to tax preparer requests for additional information, verifying select K-1 data on the draft K-1s, assuring that proper records are maintained in accordance with IRS regulations governing electronic delivery of K-1s and ultimately delivering K-1s to client investors (either by email, portal or USPS as appropriate).
    • Determine amounts subject to annual Form 1099-MISC reporting. Provide amounts to facilitate the preparation of 1099s and related Form 1096s through an online vendor for client review.

    What you bring in:

    • Minimum of Bachelor’s degree in accounting
    • Technical interest/ aptitude, including strong Excel skills
    • Excellent communication skills
    • Commitment to a high degree of customer service
    • Capable of working independently while juggling multiple priorities in a fast-paced environment

    Tech Stack

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    Extra points for:

    • CPA (strongly preferred)
    • Private equity or partnership investment accounting experience
    • Prior experience using Microsoft Dynamics GP

    Benefits

    Health and Well-being

    Work-life Balance

    Entertainment

    Training & Development

    Does this sound like you? Apply now!

    Send us your CV and
    we’ll get in touch with you!




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