Accounting Operations Associate, Alternative Investments

First Republic Los Angeles , CA 90009

Posted 3 months ago

Accounting Operations Associate, Alternative Investments

Century City, CA

At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You'll always feel empowered and valued here.

Incredible teams doing exceptional work, every day

First Republic Private Wealth Management is comprised of investment management, brokerage, trust, financial planning and insurance professionals. We offer customized wealth management solutions for our clients from a wide array of services including comprehensive investment management, financial planning, estate planning, trust services, endowment management and more. Our goal is to understand our clients' unique needs and support them throughout a lifetime of financial goals. The Alternative Investment Operations team (First Republic Investment Management) is seeking a highly motivated professional to join our team as a Tax & Operations Senior Associate with a strong working knowledge of GAAP accounting. The role will focus on activities surrounding the core operations of our alternative investment business and fund processing.

As an Accounting Operations Associate, Alternative Investments, on our Los Angeles-based Private Investments team, you'll have the opportunity to use your knowledge of generally accepted accounting principles in a role that focuses on activities surrounding the core operations of our alternative investment business and fund processing.

What you'll do as an Accounting Operations Associate, Alternative Investments:

  • Assist with the preparation and review of private funds' financial statements and complete Net Asset Value packages as required each month or quarter to ensure that client reporting is carried out accurately and efficiently.

  • Coordinate and collaborate with the Financial Statement Auditors working with the private funds.

  • Assist in the Treasury functions of the private funds, including cash management and use and maintenance of lines of credit.

  • Participate in the review and reconciliation of investor subscriptions and redemptions in the funds.

  • Work closely with third-party fund administrators to oversee and monitor their operation.

  • Communicate with the client servicing team and the fund administrators about any questions or issues that may arise.

  • Review and reconcile investor records.

  • Communicate with underlying fund managers.

  • Help manage and enforce the team's policies and procedures, and assist in the assessment, review and improvement of these policies and procedures.

The skills you will use:

  • A bachelor's degree in accounting, finance, mathematics or another business-related major from an accredited institution

  • Two or three years of experience in accounting, audit and tax functions

  • A certified public accountant designation (preferred)

  • Experience in reviewing and analyzing data reports and manuals

  • Computer proficiency, including experience with Microsoft Word, Excel and PowerPoint

  • A strong detail orientation

  • Outstanding communication skills (both written and verbal)

  • Exceptional organizational skills and the ability to prioritize multiple projects while working independently in a demanding, unstructured environment

  • The ability to think critically and anticipate potential issues

  • Self-motivation and a willingness to take initiative

  • A commitment to be a team player and provide extraordinary service

Job Demands

  • Must be able to review and analyze data reports and manuals; must be computer proficient.

  • Must be able to communicate effectively via telephone and in person.

Own your work and your career apply now

Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

We want hard working team players. You'll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability that's the First Republic way.


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Accounting Operations Associate, Alternative Investments

First Republic