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Manager, Investment Accounting
Summary
Title:Manager, Investment Accounting
ID:2366
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 and seeks to offer clients a single access point to middle-market private equity investment opportunities across private equity, private credit, and secondary strategies. OAPC continues to experience rapid growth, creating a fast-paced and dynamic work environment for its employees.

The Manager, Investment Accounting is responsible for managing all aspects of the accounting and financial statement reporting for certain OAPC private equity funds, including coordinating with OAPC’s third-party fund administrator and internal OAPC accounting staff.

As an OAPC team member, the successful candidate will grow professionally and create value for the firm by: (i) maintaining superior daily management over numerous private equity funds, (ii) providing quality/accuracy reviews of investor facing materials, including partner capital statements, financial statements, and other marketing and reporting deliverables, (iii) collaborating with OAPC team members and third-party service providers in a professional, service-oriented, and fast-paced work environment; and (iv) assisting the Director of Finance and Accounting and the CFO in identifying areas for process improvements and supporting the implementation of related policies and procedures.
 

Culture of Care
The OAPC team has a culture of collaboration, innovation, analytical thinking, and providing outstanding service to our sophisticated investors and internal clients. This is a fast paced and constantly moving work environment with a detail oriented team that likes to be the best at what they do both inside and outside of the workplace. If you are looking to join a team with highly experienced leaders in the private equity industry creating a fresh model where outstanding quality and creative solutions are a daily expectation, take a moment to connect with us.

At RDV Corporation, we recruit only the most talented people who are highly capable, energetic, positive, results focused, and who naturally contribute to a premier service-oriented culture. In turn, our employees experience competitive compensation and comprehensive benefits programs that enhance their lives and experiences. They also enjoy a workplace that is meaningful, engaging, and collaborative; a place where they can grow their career in the vibrant heart of downtown Grand Rapids, MI.

Duties and Responsibilities
  • Support daily accounting functions and processes for numerous private equity funds including the review of cash activity, providing record keeping oversight to the third-party administrator, and managing treasury functions including monitoring of bank accounts and credit facility activity.
  • Review third-party fund administrator’s preparation of accounting records, waterfall calculations, and capital calls and distributions to ensure fund- and investor-level reporting is prepared appropriately and in adherence with applicable governing documents and U.S GAAP.
  • Facilitate and oversee the proper onboarding of new private equity funds to the third-party administrator’s accounting platform.
  • Review semi-annual investment valuations prepared by the Investment Group.
  • Review investment- and fund-level performance metrics (IRRs, TVPIs, etc.) and other materials produced for marketing and quarterly reporting purposes.
  • Manage the annual audit process of the private equity fund financial statements and actively engage with, and provide necessary information to, the external auditor.
  • Oversee and direct the proper allocation of expenses to the private equity funds and the management company to ensure all expenses are charged in compliance with applicable governing documents.
  • Assist Investor Relations by obtaining necessary accounting support for responses to investor inquires and related deliverables.
  • Apply and document current policies, procedures, and best practices.  Actively participate to improve fund administration workflows and implement process efficiencies.
  • Contribute to the development of potential strategic decisions regarding team buildout and operational policies and procedures.
  • Execute other projects as assigned.
  • Oversee work product and contribute to development of Staff Investment Accountant.
Elements of Success
  • Bachelor’s degree in Accounting; CPA preferred.
  • Minimum of four years of experience required, with public accounting experience preferred.
  • Familiarity with investment and partnership accounting a plus.
  • Familiarity with foreign currency exchange transactions 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 in a deadline-driven environment.
  • Demonstrates a professional demeanor and has the desire and ability to operate in a collaborative team environment.
  • Self-starter with ability to manage processing and reviewing voluminous data for numerous private equity funds and investors.
  • Strong proficiency with MS Office software, specifically Excel, including pivot tables and nested functions/formulas.
  • Discretion in handling sensitive, highly confidential information.
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