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Investment Accountant
Summary
Title:Investment Accountant
ID:2461
Location:Grand Rapids, MI
Job Type :Full-time
Company:Ottawa Avenue Private Capital
Description
The Opportunity
Ottawa Avenue Private Capital (OAPC), an affiliate of RDV Corporation (RDV), manages an alternative asset portfolio that specializes in private equity, seeking to offer clients a single access point to middle-market private equity sponsors across private equity, private credit, and secondary strategies. As an affiliate of RDV, OAPC utilizes RDV's Talent Services team to coordinate employee recruiting initiatives. OAPC continues to experience rapid growth, creating a fast-paced and dynamic work environment for its employees.

The Staff Investment Accountant will be responsible for the preparation of accounting data and financial statement reporting of numerous private equity funds.

As an OAPC team member, the successful candidate will grow professionally and create value for the firm by: (i) supporting the accounting team with performing daily accounting activities and maintenance, (ii) assisting in the preparation of investor facing materials including partner capital statements, financial statements, and other deliverables; (iii) collaborating with OAPC team members and third-party service providers in a professional and fast-paced work environment to ensure we provide exceptional service to all clients; and (iv) supporting the accounting team with implementing process improvements and ensuring adherence to policies and procedures.

Our Unique Benefits
At OAPC, we are intentional about enriching our culture and employee experiences through a unique blend of benefit offerings that include:
  • Robust health insurance options with competitive employer contributions.
  • 401k retirement plan with a generous employer match of up to 7.5%.
  • Competitive bonus program (position dependent).
  • Grab and Go Deli/Market with employer-provided account credit of $650/year.
  • Paid Time Off (PTO) starting at 22 days per year in addition to 9 paid holidays.
  • Fun culinary experiences and connecting with co-workers at monthly catered lunches, free of charge to employees.
  • Employer paid parking in the heart of downtown Grand Rapids.
  • Education and training reimbursement programs.
  • Discounted memberships to MVP Sportsplex.

What You'll Do
  • Perform daily accounting functions and processes for numerous private equity funds including assisting in wire and journal entry activity.
  • Reconcile various accounts, review reconciliations prepared by others, and promptly research and explain variances.
  • Prepare limited partner capital activity notices and assist in distribution via secure portal.
  • Assist with the accounting team’s review process of the semi-annual investment valuations prepared by the Investment Group. 
  • Work with accounting team to prepare quarterly GAAP financial statements and partner capital statements for multiple private equity funds.
  • Compile and organize information needed for the annual audit process and for answering investor inquires.
  • Prepare the allocation of expenses to the private equity funds and the management company. Ensure all expenses charged comply with applicable governing documents.
  • Develop an understanding of and ability to review fund and investor Internal Rate of Return (IRRs), other portfolio performance metrics, and expense and fee calculations.
  • Effectively apply current policies, procedures, and best practices while actively participating in fund administration workflow improvements and striving for process efficiencies.
  • Execute other projects as assigned.

What You'll Bring
  • Bachelor’s degree in Accounting; CPA preferred.
  • Minimum of two years of experience required, with public accounting experience preferred.
  • Familiarity with investment and partnership accounting a plus.
  • Strong attention to detail with emphasis on accuracy and quality.
  • Excellent organizational skills with ability to initiate, prioritize, and follow through on projects.
  • Demonstrates a professional demeanor and has the desire and ability to operate in a collaborative team environment.
  • Self-starter with ability to manage processing large amounts of data for numerous private equity funds and investors.
  • Flexibility to be attentive to urgent matters which may require attention during non-traditional business hours.
  • Proficiency with Microsoft software, specifically Excel.
  • Discretion in handling sensitive, highly confidential information.

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