Manager of the TCW, MetWest, and TCW Alternative Fund Families

Fund Accounting Officer

  • Competitive
  • Los Angeles, CA, USA
  • Permanent, Full time
  • TCW
  • 25 Apr 19

The Fund Accounting Officer will be an integral member within the Client and Fund Reporting-Alternatives group of TCW and will be responsible for working with various internal and external teams in ensuring the timely and accurate completion of the direct lending group of funds reporting requirements, including accounting, financial reporting, administration, RIC /40 Act compliance and tax reporting and treasury services.

Overview

The Fund Accounting Officer will be an integral member within the Client and Fund Reporting-Alternatives group of TCW and will be responsible for working with various internal and external teams in ensuring the timely and accurate completion of the direct lending group of funds reporting requirements, including accounting, financial reporting, administration, RIC /40 Act compliance and tax reporting and treasury services.

Essential Responsibilities

Fund Accounting

  • Review and approve the month-end NAV and closing package submitted by the administrator
  • Assist with calculations at various levels of a fund structure; class, series, feeder or master fund level and the hurdle rates, carry calculations and allocations are in accordance with governing documents
  • Reconcile activity and identity and resolve exceptions
  • Check quarterly financial statements for accuracy and completeness
  • Maintain capital activity report of unfunded commitments, recallable capital and available capital

Tax and Compliance

  • Assist with the BDC’s RIC source-of-income, asset-diversification tests and minimum distribution requirements and document compliance with the SEC leverage ratio  

Cash Management

  • Update daily cash activity report  and assist with management of cash balances through use of debt and equity and related activities

Credit Facility

  • Prepare borrowing and repayment notices, issuer orders, borrowing base and compliance certificates
  • Update borrowing base reports for subscription facilities and asset-backed facilities and related activities

Administration

  • Coordinate execution of incumbency certificates, reliance letters and KYC/AML policies needed by administrators, custodians, bankers and other service providers.

Minimum Qualifications

  • Bachelor's degree in Accounting, Finance or Economics
  • Minimum of five years of financial reporting experience preferably within large investment firms or financial institutions  and strong background in alternative investment funds with a focus on asset backed facilities or CLO’s; familiarity with middle market and syndicate loans; private equity structures, RIC’s and BDC’s; and marketable and private holdings. 
  • General understanding of credit facility agreements and covenant compliance requirements.
  • General understanding of fund-governing documents, PPM’s, LLC/LP agreements, IMA, etc
  • General knowledge of various legal structures LLC/LP’s, parallel funds, master feeder structures, etc,
  • Excellent oral and written communication and interpersonal skills (must establish good working relationships with internal and external teams)
  • Excellent organizational skills and attention to detail
  • Strong analytical and problem-solving capabilities

Desired Qualifications

  • Advanced knowledge of Excel

About TCW

TCW was named Best Places to Work by Pension & Investments for the fifth year in a row.

TCW is a leading global asset management firm with more than four decades of investment experience and a broad range of products across fixed income, equities, emerging markets and alternative investments. Through the MetWest and TCW Fund Families, TCW manages one of the largest mutual fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. As of December 31, 2018, TCW had total assets under management of $191 billion. TCW is headquartered in Los Angeles, and has offices in New York, Boston, Chicago, London, Milan, Hong Kong, and Tokyo.

TCW is an Equal Opportunity Employer. Please visit www.tcw.com for more information.