Alternative Investments Accounting Associate
Job Description For Posting
In the US market, Mercer is a leading provider of investment consulting, plan design and record keeper benchmarking services as well as a leader in the provision of delegated (OCIO) services.
We are seeking candidates for the following hybrid position based in the in any of our US offices including St. Louis, Indianapolis, Atlanta, Boston, Chicago or Richmond, and many others.
Senior Alternative Investments Accounting Associate
What can you expect?
- Be responsible for the accounting, finance, and operations for the assigned alternative investment funds, including various hedge fund of funds and/or private equity fund of funds
- Be the primary communication point with fund administration and finance operations groups at fund administrators and custodians
What’s in it for you?
- A global company with a strong brand and a commitment to growth
- A culture of internal mobility, collaboration and extraordinary career opportunities
- Competitive pay and outstanding benefits
- Paid time off to give back through non-profit community service
- Employee Resource Groups that provide access to leaders, relevant volunteer and mentoring opportunities, and interactions with counterparts in industry groups and client organizations
In this role you will be responsible for:
- Oversee reconciliation of fund accounting and portfolio statements, including review of investment valuations, cash activity, operating expenses, and investor allocations
- Coordinate all investment trading & execution and monitor all investment activity for fund of funds, including monitoring updates to terms of underlying fund documentation and ensuring proper reconciliation by service providers and fund back-office team
- Lead the annual audit process and the preparation of financial statements for several onshore and offshore funds, working closely with the funds’ administrators and auditor
- Lead the annual tax filing process and issuance of statements K1s for several onshore partnership funds, working closely with tax preparers
- Monitor compliance with fund line of credit covenants
- Assist client auditors with investment product requirements and data delivery based on needs
- Review revenue and AUM calculations and reporting for alternative investments funds
What qualifications are necessary to have for the role?
- Bachelor's degree in accounting or finance or equivalent experience
- 2 - 4 or more years of experience with finance or private investment funds
- Strong technical knowledge of fund accounting, multiple fund structures, and complex financial instruments
- Private fund vendor experience; transfer agent, custodian, fund accounting, client services
- Working Knowledge of FASB/IRS rules as they apply to alternative investment funds
What will make you stand out:
- CPA preferred or desire to pursue
- Prior experience at a Big Four firm
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and X.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com