Senior Associate, Asset Management Accounting

Job summary

Provide outsourced fund accounting services, including maintaining books, calculating NAV, and managing investor allocations for private equity and registered funds. Serve as the primary point of contact for clients while coordinating with custodians, auditors, and internal stakeholders.

Job details

WHAT YOU'LL DO Are you a detail-driven accounting professional ready to take your expertise to the next level with hedge funds, private equity funds, registered funds, and their management entities? At Cohen & Co, we prioritize a people-first culture and professional growth, giving you the opportunity to work directly with clients on meaningful, high-impact engagements. As an Accountant on our Office of the CFO Asset Management team, you will provide outsourced fund accounting services to funds and management entities, managing books and records, NAV calculations, and investor allocations with precision and compliance. This role offers exposure to complex fund structures, the chance to support audit and investor reporting processes, and the opportunity to grow your career within a collaborative, learning-focused environment where your contributions truly make an impact. Client Delivery & Fund Operations * Perform outsourced fund accounting functions, including maintaining books and records for funds and management entities. * Oversee periodic net asset value (NAV) calculations, capital account allocations, and investor allocations (management fees, carried interest/incentive allocations). * Process and reconcile investment transactions, cash activity, and portfolio positions. * Process capital activity and support investor/limited partner reporting. * Perform monthly, quarterly, and annual reconciliations and general ledger maintenance. * Prepare fund financial statements and related schedules in accordance with U.S. GAAP. * Assist with the preparation of investor reporting packages and management reporting. * Support the implementation of new accounting standards and internal accounting policies. * Assist with audit and tax processes by preparing schedules and responding to inquiries. Client Experience * Serve as a day-to-day point of contact for assigned clients, ensuring timely and accurate delivery. * Coordinate with client teams, fund administrators, custodians, tax preparers, and auditors. * Build strong relationships with clients and internal stakeholders to foster trust, collaboration, and long-term partnerships. * Manage timelines, deliverables, and client expectations to ensure high-quality service and satisfaction. Team Leadership * Support and mentor junior staff, contributing to a collaborative, knowledge-sharing culture. * Identify process improvement and automation opportunities to increase efficiency. * Promote collaboration, accountability, and professionalism across engagements in a fast-paced, client-facing environment. WHO YOU ARE Qualifications * Bachelor's degree in Accounting or related field. * Experience performing fund accounting functions, including NAV calculations, capital allocations, and investor reporting. * Strong understanding of fund structures, including hedge funds, private equity, and registered funds. * Proficiency in Microsoft Excel, QuickBooks online, and fund accounting software; comfort adopting new technology tools. Preferred Experience * CPA license or progress toward CPA. * Experience with capital call and distribution notice preparation. * Exposure to U.S. GAAP financial statement preparation for funds. * Experience coordinating with fund administrators, custodians, tax preparers, and auditors. WHO WE ARE #LifeatCohen [https://www.linkedin.com/company/cohenco/life/] Sure, we like numbers. (But we’ll never treat you like one.) At Cohen & Co our foundational principles [https://www.cohenco.com/careers/why-cohen] offer insight into how we achieve an inclusive, growth-oriented culture that fuels the success of our firm, our clients and our people. In particular, we honor our foundational principle of “great people first” by: * Championing the importance of diversity, equity and inclusion [https://www.cohenco.com/about-us/diversity-equity-inclusion] by embracing the unique stories, backgrounds, perspectives and ideas that come from our people; and * Offering a comprehensive and competitive Total Rewards [https://www.cohenco.com/careers/why-cohen/total-rewards-benefits] package, which allows each employee to use the benefits that best suits their needs. Our offerings go beyond standard options, including time off outside of your standard PTO to give back to the community, annual discretionary merit increases and bonuses, talent development resources to tap into growth opportunities, and so much more! LEARN MORE ABOUT US! * Discover our Passion, Purpose & Expertise [https://www.cohenco.com/about-us] * Learn more about our Firm's culture [https://www.cohenco.com/careers/why-cohen/our-culture] Estimated Base Range: $65,000-$110,000* *Base compensation offered to candidates are determined based on factors such as candidate's relevant skillset, experience, licensure, and certifications, as well as job responsibilities, geography, market considerations, and organizational needs. At Cohen & Co, we don't stop at setting ourselves apart by offering competitive base compensation. As part of our 'great people first' foundational principle, our firm offers a comprehensive and competitive Total Rewards package that allows each employee to design a package that best suits their needs and goes beyond standard options, including time off outside of your standard PTO to recharge and give back to the community, annual discretionary merit increases and bonuses, talent development resources to tap into growth opportunities. We are an equal opportunity employer and value diversity of thought and background to build an inclusive and energized culture and better meet the needs of our clients. Agency recruiters may not submit unsolicited candidate information or resumes to any Cohen & Co employee without a recruiting services contract first being entered into with the Cohen & Co Talent Acquisition Team; see policy here [https://www.cohenco.com/careers/agency-recruiter-policy].

What you’ll do

Provide outsourced fund accounting services, including maintaining books, calculating NAV, and managing investor allocations for private equity and registered funds. Serve as the primary point of contact for clients while coordinating with custodians, auditors, and internal stakeholders.

Requirements

Requires a bachelor's degree in Accounting or a related field and experience in fund accounting and NAV calculations. A CPA license or progress toward one is preferred, along with proficiency in fund accounting software and Excel.

Benefits

• Time Off To Give Back To The Community
• Annual Discretionary Merit Increases
• Annual Bonuses
• Talent Development Resources

Listed skills

• Microsoft Excel · Preferred
• Client Relationship Management · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Fund Accounting
• NAV Calculations
• U.S. GAAP
• Private Equity Accounting
• Investor Reporting
• Capital Account Allocations
• General Ledger Maintenance
• Financial Statement Preparation
• Microsoft Excel
• Audit Support
• Client Relationship Management
• Mentoring Junior Staff
• Management Reporting
• Professionalism
• Portfolio Positioning
• Accountability
• Reporting Processes
• Audit Processes
• Talent Development
• Accounting
• Standard Accounting Practices
• Auditing
• Automation
• Management
• Investments
• Collaborative Learning
• Equities
• Financial Statements
• Generally Accepted Accounting Principles
• General Ledger
• Net Asset Value
• Operations
• Private Equity
• Private Equity Fund
• Team Leadership
• Process Improvement
• Coordinating
• Detail Oriented

Job areas

• Finance & Accounting
• Consulting
• Management & Leadership
• Asset Management Associate
• Accountant (General)
• Accountants
• Accountants and Auditors

More jobs from Cohen & Co