Legal Staff Accounting/Finance in Seattle, WA

Law Firm

Seattle, WA

Legal Staff Accounting/Finance in Seattle, WA

Legal Staff

5-5 yrs required

No

Job Title: Investment Accountant

Job Responsibilities:
The Investment Accountant at the law firm is entrusted with the responsibility of maintaining the books and records of all investment entities associated with the firm. This involves close collaboration with the Investment Accounting, Tax, and Finance team members. Key responsibilities include:

- Creating and maintaining detailed records of all investment portfolio transactions using both investment software and manual recordkeeping systems.
- Recording monthly transactions such as interest, dividends, distributions, investments, sales, fund capital calls, and partner capital/distributions.
- Managing and reconciling cash balances and facilitating cash activity for all investment entities, which includes both investment and investor activities.
- Preparing, editing, tracking, coordinating, reviewing, and providing support for all investment opportunities.
- Researching and obtaining recommendations to address current and former attorneys’ questions and requests for information.
- Handling communications with underlying investment managers by saving notices and statements, reading the notices, and following up as required to understand transaction details and investment status.
- Researching investment funds, SEC policies, and any other investor representation issues.
- Calculating and issuing capital calls and distributions to investors regularly and coordinating with senior payroll accountants for payroll deductions.
- Ensuring compliance with firm, affiliate, and governmental guidelines.
- Performing general ledger financial reporting, reconciling accounts to detail schedules, allocating income taxes and other expenses periodically, and ensuring the timely and accurate preparation and distribution of investment entity financial information.
- Inputting and maintaining accurate investor and investment information in manual recordkeeping systems and inputting investment allocations, commitments, and transactions in the investment accounting system.
- Utilizing the investment accounting system for timely reporting of investment activity by investor and to facilitate the completion of annual financial statements.
- Managing the investment accounting system and providing backup for user maintenance.
- Collaborating closely with the tax department to provide necessary information for completing investment entity tax returns.

Specific Skills Required:
- Demonstrated ability to work effectively with partners and other affiliates of the firm, including their CPAs.
- Working knowledge of flow-through entity accounting.
- Effective multitasking and prioritization skills.
- Strong organization, problem-solving, planning, and decision-making skills.
- Ability to express oneself effectively, both orally and in writing.
- Ability to establish effective working relationships throughout operational groups.
- Proficiency in MS Office applications, especially Excel.
- High-level ability to perform financial analysis.
- Good knowledge of GAAP and standard databases.
- Detail-oriented while maintaining focus on the larger picture.

Specific Skills Preferred:
- Experience with fund administration software.
- Working knowledge in investment accounting and/or partnership accounting.

Education and Experience:
Candidates must possess a bachelor’s degree in business administration, finance, accounting, or a related field. A minimum of 5 years of progressively responsible accounting experience is required, and CPA credentials are preferred. Preference is given to those with at least 2 years of experience in investment fund administration.

Salary Information:
This position offers a competitive salary that varies by location. The compensation ranges are as follows:

- San Francisco Bay Area: $88,540 to $131,550 annually
- Colorado: $69,370 to $103,070 annually
- Illinois: $73,210 to $108,770 annually
- San Diego: $79,760 to $118,500 annually
- Washington state: $73,170 to $108,720 annually

The position is eligible for an annual discretionary bonus, a 401(k) plan, medical, dental, and vision insurance, accrued paid time off starting at 20 days annually, personal medical and parental leave, up to 10 paid holidays, and family care benefits.

The law firm is committed to fostering a diverse and inclusive workplace and considers qualified applicants with arrest or conviction records for employment in accordance with applicable laws. This position is within one of the 100 Best Companies to Work For, offering additional benefits such as tuition reimbursement and paid sabbaticals.