Seventy Percent of Accounting Grads in Some State of “What the Hell Is Going On?” at First Job

Posted on by Caleb Newquist

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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Job of the Day: L.A. Hedge Fund Needs a Portfolio Accountant

Career Group Search has a hedge fund client in Los Angeles that is looking for a Portfolio/Fund Accountant to oversee the accounting of investment partnerships and separately managed accounts.

Ideal candidates have Big 4 experience and a CPA is preferred.


Recruiter: Career Group Search

Title: Portfolio/Fund Accountant

Location: Los Angeles, CA

Responsibilities: Reconcile daily transactions to prime broker or custodian; Resolve discrepancies and communicate with client and administrator in a timely manner; Provide performance analysis and reporting on accounts to investment analysts and managing partners; Prepare month end valuation statements and ensure accuracy of financial reports provided to clients and administrators; Prepare tax allocations for hedge fund; Prepare financial statements for hedge fund; Initiate cash transfers, check disbursements and wire transfers; Assist auditors in the audit of hedge fund and separately managed accounts; Assist with the pricing and review of portfolio securities; Account for complex securities including derivatives, bank loans and private transactions.

Qualifications: 4 year degree required in Accounting or Finance; Big 4 experience and CPA is preferred; Proficient with Excel spreadsheets; Experience with investment accounting a plus; Excellent communication skills; Candidate must be diligent and self motivated with attention to detail.

See the entire description over at the GC Career Center and visit the main page for all your job search needs.