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Westwood Holdings Group, Inc. · 3 weeks ago

Director, Fund Accounting (Alternative Investments)

Houston, TX

Full-time

Onsite

Senior Level, Lead/Staff

8+ years exp

Westwood Holdings Group, Inc. is a boutique asset management firm specializing in diverse investment strategies and wealth services. The Director, Fund Accounting (Alternative Investments) will lead accounting and tax processes for alternative investment vehicles, ensuring compliance with U.S. GAAP while managing relationships with fund administrators and auditors.

Asset ManagementFinancial ServicesWealth Management

No H1B

Responsibilities

Lead daily, monthly, quarterly, annual, and ad hoc fund accounting activities, including financial statement reviews, financial and tax reporting, and the audited financial statement process, ensuring financial information is maintained in accordance with U.S. GAAP and internal policies and procedures

Calculate and review fund expense accruals and allocations, ensuring expenses paid, directly or indirectly, by Westwood alternative investment vehicles are in line with legal and regulatory requirements

Liaise with third party fund administrator(s) on monthly and quarterly financial statements, expense activity (including expense allocations), fund waterfalls, management fee calculations, and ad hoc investor requests

Provide detailed review of monthly and quarterly fund workpapers, financial statements, and partner capital account statements prepared by the fund administrator(s)

Play a key role in annual audits of Westwood investment vehicles, including ongoing interactions with one or more third party accounting firms to conduct each audit

Manage investment fund tax activities, particularly annual extensions, tax returns, and investor K-1s, alongside one or more third party tax preparers

Assist the Chief Operating Officer with valuation-related activities related to underlying investments and Westwood investment vehicles

Research and resolve fund accounting and tax issues in a timely and exceptionally accurate manner

Ensure investment- and fund-level data in internal systems (e.g., CRM) and other files remain up-to-date and exceptionally accurate

Develop and deliver internal reporting and metrics related to fund accounting data

Collaborate with the Westwood Alternatives Operations team to incorporate best-in-class processes and innovative technology across the team

Develop strong relationships with key service providers, including fund administrators, auditors, tax preparers, and systems vendors

Draft and maintain procedure documentation for critical activities and controls

Assist with requests from key internal stakeholders, including the Investment team, Distribution team, and Legal & Compliance team

Undertake special projects, as requested

Qualification

Fund AccountingU.S. GAAPCPACFACAIAFinancial ReportingTax ReportingData ManagementMicrosoft SuiteInterpersonal SkillsOrganizational SkillsCommunication SkillsCritical ThinkingTeam Collaboration

Required

Bachelor's degree in accounting, finance, economics, or related field with a strong record of academic success

CPA strongly preferred

8+ years of related work experience, ideally in public accounting or at an institutional-caliber investment management firm (e.g., private equity fund, hedge fund, E&F, family office) (or some combination of both)

Must be a minimum of 18 years of age and possess unrestricted authorization to work in the United States

Must have unrestricted authorization to work in the USA. No visa sponsorship is available

High level of integrity and professionalism

Strong willingness and desire to learn and grow

Knowledge of U.S. generally accepted accounting principles, particularly investment fund accounting

Superior orientation to detail and accuracy

Robust and demonstrated quantitative and critical thinking skills

Excellent organizational and multi-tasking capabilities

Resourcefulness and ability to work effectively under pressure

Demonstrated ability to be proactive and self-motivated

Strong interpersonal skills and ability to work well in a team-oriented, collaborative environment

Effective listening, verbal, and written communication skills