In an Accountemps survey, 56% of accounting and finance professionals responded that, "they felt only somewhat prepared for their first job after graduation." Another 14% admitted that, "they were not at all prepared." Nothing mention about whether coding skills would've done them any good. [AT, Earlier]
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Opinion: It’s the AICPA’s Own Fault No One Wants to Be a CPA Anymore
[Ed. note: we received the following in response to my newsletter column dated September 14, […]
Job of the Day: Harvard Management Company Needs a Senior Accountant
Harvard Management Company is looking for an experienced accountant to join their accounting and finance department.
The position is focused on the Marketable Securities Funds portfolio which is comprised of hedge fund investments. This person will be responsible for all the accounting and analysis for the portfolio.
Candidates should have a minimum of three years experience, hedge fund experience being a plus, and a CPA is preferred.
Company: Harvard Management Company, Inc.
Title: Senior Accountant – Marketable Securities Funds
Location: Boston, MA
Description: The Senior Associate will be responsible for all accounting and related accounting-specific analysis and reporting functions of the MSF portfolio as well as contributing to the accounting of the NR portfolio, as needed. This includes transaction entry, cash movement, and valuation input processes related to these portfolios as well as valuation review and analytical procedures. This also includes the reconciliation of transaction entry, accounting, and performance systems to ensure trade execution accuracy and proper recording of all transactions. The Senior Associate will work closely with other members of the external management accounting team to execute the accounting period close on a monthly basis. This process requires in-depth understanding and analysis of the MSF portfolio investments, including the documentation of significant matters on an ongoing basis. Lastly, the Senior Associate will be involved in the ongoing assessment of accounting and valuation issues related to these portfolios, including financial reporting considerations.
Responsibilities: Maintain the integrity of the portfolio accounting systems and general ledger records; Monitor proper reconciliation of transaction entry, accounting, and performance reporting systems; Contribute to financial statement and valuation analysis; Execute cash movements in coordination with custody operations personnel and ensure trades are processed accurately and timely; Analyze current industry and accounting guidance and its applicability to the MSF portfolio accounting process; Facilitate communication with external managers to provide relevant insight into the accounting and valuation process; Obtain and review fund valuation statements and assist in the analysis of these statements; Interact with and support the MSF portfolio managers regarding current investments; Assist during the annual audit, providing information as requested and maintaining audit reports throughout the year; Participate in special projects and duties as assigned ; Provide accounting-related support and reporting to HMC’s Tax department; Manage responsibilities pertaining to business continuity preparedness, documentation, Disaster Recovery site visits, etc.
Qualifications/Skills: BS Accounting, CPA preferred; Minimum 3-5 years of relevant accounting experience (hedge fund specific experience a plus); Ideal candidate will be very proficient with hedge fund L.P. investment accounting/industry issues; Knowledge and demonstrated interest of financial markets and products
See the entire description over at the GC Career Center and visit the main page for all your job search needs.
Job of the Day: Jefferson Wells Needs a Tax Fund Accountant
Jefferson Wells is looking for tax fund accountants to join its New York office. The position will have a number of responsibilities including preparation of corporate and partnership returns including those for hedge funds, private equity funds, real estate funds and investment advisors.
The position requires a minimum of nine years experience, including multi-national tax experience and a broad understanding of technical tax issues. CPA or EA certifications are preferred.
Company: Jefferson Wells
Title: Tax Fund Accountant
Compensation: 80,000-150,000
Location: New York, NY
Responsibilities: Prepare tax returns for S corporations, C corporations, and partnerships; Preparation of accounting records, and financial statements and tax returns for several investment partnerships; Reviewing and preparing yearly tax filings for Hedge Fund, Private Equity Funds, Real Estate Funds, and Funds’ general partners and investment managers; Performing security analysis and calculating various Fund tax adjustments; Preparation of Tax Form 1065 income tax returns and related K-1s and supporting schedules; prior experience with form 1120; Recording all accounting transactions of the fund and ensuring all investments are booked accurately; Preparation of limited partner capital calls and capital distributions; Researching tax treatment of complex financial instruments and corporate actions of Funds.
Qualifications/Skills: Experience with CorpTax software is required; Bachelor’s degree in relevant subject area required (accounting, auditing, information technology, sciences, taxation, finance etc.); Minimum nine years applicable experience in tax required (federal, state and local or international tax); Experience with multi-national corporate taxation preferred; Broad understanding of tax technical areas and a strong familiarity of FAS 109 preferred; CPA, MST, Enrolled Agent (EA) or Project Management (PMI) certifications preferred.
See the entire description over at the GC Career Center and visit the main page for all your job search needs.