5 days in office first 90 Days and then hybrid
Senior Analyst Partnership Accounting (Midtown)
Essential Duties and Responsibilities
- Maintain Permanent Capital accounts for Capital Partners, managing receipt of capital contributions or return of capital in alignment with the firm's partnership agreement.
- Prepare monthly Partner draws, ensuring proper computation of payments, monitoring ongoing changes, and ensuring correct withholding for retirement contributions, taxes, insurance, and other deductions.
- Handle periodic special distributions to Partners, ensuring proper computation of payments and correct withholding.
- Prepare monthly or other periodic payments to Retired Partners and similarly situated individuals who will receive a K-1.
- Distribute monthly draw and special distribution memos to Partners, leveraging technology where possible.
- Ensure timely recording of journal entries supporting monthly draws and special distributions with strong attention to detail and accuracy.
- Prepare monthly account reconciliations that support the Partnership Accounting function, ensuring accuracy and completeness.
- Participate in the onboarding and withdrawals of Partners to/from the firm.
- Prepare Return of Capital computations, resulting in payment to withdrawn partners, and related monthly memos.
- Complete Verification of Income letters upon request from partners, for review and signature by the Chief Financial Officer.
- Participate in the firm's annual year-end audit, focusing on Partnership Accounting related accounts.
- Prepare workpapers in support of the creation of Partnership Schedule K-1s.
- Proactively find new and innovative ways to improve the accounting department, allowing for more flexibility and completeness of data.
- Perform ad hoc analysis upon request.
Knowledge, Skills, and Abilities
- Bachelor's degree in Accounting, Finance, or equivalent and 3-5 years of progressive accounting/financial experience is required. Prior experience with all areas of partnership accounting, K-1's, and partnership business models in a large legal or professional services financial department is also required.
- Proficient experience with MS Excel spreadsheets, including features such as pivot tables, charts and graphs, and formulas, as well as MS Word and PowerPoint software.
- Outstanding analytical and critical-thinking skills with comprehensive knowledge of complex accounting/financial principles and statistics.
- Ability to understand business implications of decisions, display orientation to profitability, and align work with strategic goals.
- High degree of initiative in exercising independent judgment and making decisions in managing multiple priorities and coordinating various projects in a fast-paced, deadline-driven, detail-oriented work environment.
- Excellent interpersonal, verbal, and written communication skills, with the ability to communicate with courtesy and diplomacy.
- Ability to generate creative solutions, translate concepts and information, and demonstrate attention to detail.
- Excellent organizational skills, including record keeping, data collection, and system information.
- Ability to perform complex mathematical calculations and apply mathematical concepts when computing, reconciling balances, verifying numerical data, and preparing various accounting reports.
- Ability to occasionally retrieve and distribute files, written documentation, or office supplies weighing up to 10 pounds.
- Required to work towards deadlines; must be able to work more than 35 hours per week in New York.
Compensation and Benefits
In the New York office, the annualized salary range for this position is $120,000 to $145,000. Actual pay will be adjusted based on experience and other job-related factors permitted by law.
"Client" offers an outstanding benefits package, including medical/dental/vision, 401k with employer contribution, parental leave, transportation fringe benefit program, back-up care option, generous paid time off policy, and long-term and short-term disability policies.