- Required Experience: 3-6 years
- Part Time/Full Time: Full Time
- Location: New York
i80 Group is a specialty finance investment manager, providing capital and support to breakthrough fintech and proptech companies. We provide creative and flexible asset-based facilities used to fund the origination of loans and other collateral. We typically work with companies to provide financings starting at $25mm and scaling significantly thereafter.
i80’s capital complements institutional equity (VC/PE). Whereas equity is typically used to finance the underlying operating business, i80’s credit is used to cost-effectively originate collateralizable assets (real estate, equipment, receivables, loan pools, etc.). Rather than offering a one-size-fits-all structure, we design bespoke solutions specific to the unique needs of our partners.
About the Accounting Role
i80’s Accounting Associate will work alongside the finance team contribute to a broad range of functions across the firm including but not limited to: Fund accounting, portfolio and position analysis and reporting, transaction, liquidity and collateral management, internal and external reporting, and the coordination of activities with services providers and relevant parties involved in the Funds operations and investments.
Responsibilities:
- Responsible for interfacing with administrators, auditors, tax advisors, custodians and other professional services firms in support of our clients and fund products
- Exhibits subject matter expertise across private markets fund accounting, performance reporting and back office issues
- Acts as support on projects taking partial ownership for the relationship
- Develops and maintains processes and related documentation
- Prepare and review calculations of investor capital call and distribution notices
- Track cash activity, including setting up wire payments and daily cash projections
- Calculate management and performance fees
- Assist in the preparation quarterly unaudited and annual audited financial statements in accordance with GAAP
- Assist in the preparation of quarterly performance reporting
- Review workpapers and supporting documentation for the annual financial statement audit
- Review partner allocations and produce capital account statements
- Support fund administrator and coordinate delivery of required reporting, etc.
- Understand partnership agreements and interpret reporting requirements and partner economics
- Perform other duties as requested or as responsibilities dictate
Qualifications:
- Bachelor’s degree in accounting or related field
- 3-6 years of experience in accounting, auditing or administration for private credit, real estate or other private markets funds
- Advanced understanding of limited partnership structures, accounting and reporting practices
- Advanced Excel skills
- Utilization of QuickBooks or other accounting based software
- Experience in the reconciliation of cash activity
- Knowledge of accounting principles and financial reporting concepts
Other desired skills:
- Strong analytical, organizational, and written and verbal communication skills required
- Ability to multi-task and manage priorities against key deadlines
- Must be able to work independently, but contribute in a team-oriented environment
- Acute attention to accuracy and detail
- Licensed or candidate for CPA , CFA or CAIA a plus
What We Offer
- $100-$150k + Bonus (Total compensation commensurate with experience)
- Medical, Dental, and Vision plans
Application Form