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Posted: July 08 2016
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DescriptionASSOCIATE ACCOUNTANT, Private Funds
United Nations 257 reviews - New York, NY
ResponsibilitiesResponsibilities Within delegated authority, Associate Accountant will be responsible for the following duties:
•Reviews, approves, reconciles and processes a range of investment accounting transactions on a regular and recurring basis.
•Approves/Confirms that the net asset value methodology used in the financial statements of new private funds can be used to estimate fair value in accordance with the Fund’s accounting policy.
•Reviews, analyses, and reconciles the accounting of private real assets, alternative and other investments during the year and prepares adjusting entries on a quarterly basis or as required before preparation of financial statements.
•Responsible for the issuance and control of fee templates (i.e., management fees, partnership expenses, carried interest/waterfall, performance or incentive fees, etc.) to the Middle Office to ensure compliance with the terms and conditions specified in the limited partnership agreements.
•Assists with the preparation of onboarding documentation of new private funds with the relevant parties; i.e., global custodians, non-discretionary advisers, master record-keeper, etc.
•Reviews and evaluates actual year-end financial statement reports from private funds with a view to identifying differences and unusual trends vis-à-vis estimated fair values recorded in the Fund’s year-end financial statements. Initiates corrective action when necessary and determine whether any changes were made to the net asset value methodology.
•Assists in the review of reconciliation with private funds’ non-discretionary advisers.
•Assists in the preparation of the Fund’s year-end financial statements in relation to investment information.
•Assists in ensuring that accurate and complete investment accounting, reporting and internal control systems are functioning and that all relevant records are maintained.
•Plans and works with the Information Systems Section, in the installation and administration of accounting systems. .
•Researches and analyses information needed to respond to audit findings.
•Supervises staff as required.
•Performs other related duties as required.
RequirementsCompetencies •Professionalism: Knowledge of investment accounting principles, procedures and standards. Ability to apply conceptual, analytical and evaluative skills in investment accounting operations. Ability to conduct independent research and analysis, identify issues, formulate options and make conclusions and recommendations. Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
•Planning& Organizing: Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments; adjusts priorities as required; allocates appropriate amount of time and resources for completing work; foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary; uses time efficiently.
•Accountability: Takes ownership of all responsibilities and honours commitments; delivers outputs for which one has responsibility within prescribed time, cost and quality standards; operates in compliance with organizational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegated assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.
Education Advanced university degree (Master’s degree or equivalent degree) in business administration, finance, accounting, or related field. A first-level university degree in any of these fields, in combination with two additional years of qualifying work experience may be accepted in lieu of the advanced university degree. Certification as a Certified Public Accountant (CPA), Chartered Accountant (CA) or equivalent is desirable.
A first-level university degree and no experience will be accepted for candidates who have passed the United Nations Young Professionals Programme Examination (YPP), United Nations National Competitive Recruitment Examination (NCRE) or the General Service to Professional Examination (G to P).
Work Experience A minimum of two years of progressively responsible experience in investment accounting, finance, budget, administration is required. Experience in accounting for private real assets and private equity structures is desirable. (No experience is required for candidates who have passed the Young Professionals Programme Examination/United Nations National Competitive Recruitment Examination (NCRE) or the General Service to Professional Examination (G to P).)
Languages English and French are the working languages of the United Nations Secretariat. For this posi