Job Description
Full job description
Prospect Capital
Founded in 1988, Prospect Capital is an alternative asset management firm with $11.5B+ of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.
With offices in New York City, Connecticut, and Florida, the firm is comprised of 150+ experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.
Job Responsibilities
Provide support to the Finance Team with accounting and financial reporting tasks for the management company and its subsidiaries.
Maintain full responsibility for recording cash transactions, accounts payable, and accounts receivable across a multi-entity structure using Sage Intacct.
Ensure accurate and timely data entry to support monthly, quarterly, and year-end closings. Manage budgets on both a cash and accrual basis.
Track, invoice, and collect all intercompany charges between the management company and affiliated funds. Utilize Sage Intacct to streamline and automate intercompany processes.
Oversee the complex accounts payable review and approval workflow, ensuring efficiency and accuracy.
Monitor and report on investments in securities and real estate assets. Prepare and distribute comprehensive monthly investment reports.
Assist with special projects and drive process improvements to enhance workflow efficiency within the finance function.
Collaborate cross-functionally with finance teams to drive departmental objectives and support strategic financial initiatives.
Desired Skills and Experience
Bachelor’s degree in accounting required; minimum of 3+ years of relevant full-time professional experience. CPA designation is preferred but not mandatory.
Prior experience in private fund accounting is strongly preferred.
Advanced proficiency in Microsoft Excel and Sage Intacct is required.
Technologically adept with a strong understanding of software applications and basic coding concepts.
Exceptional attention to detail and accuracy in all aspects of work.
Intermediate to advanced proficiency in the full Microsoft Office Suite (Word, Outlook, PowerPoint, etc.).
Demonstrated ability to effectively manage and prioritize multiple tasks in a fast-paced, high-pressure environment.
Self-motivated and proactive, with a strong work ethic and the ability to work independently with minimal supervision.
Excellent organizational skills, with strong written and verbal communication abilities.
Positive attitude and collaborative mindset; proven ability to work well within a team environment.
The anticipated annual base salary range for this position is $105,000 - $120,000 plus an annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.
In addition to the base salary, the hired professional is eligible for comprehensive benefits, including 100% employer-paid premiums for medical, dental, vision insurance, life insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
Prospect Capital
Founded in 1988, Prospect Capital is an alternative asset management firm with $11.5B+ of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.
With offices in New York City, Connecticut, and Florida, the firm is comprised of 150+ experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.
Job Responsibilities
Provide support to the Finance Team with accounting and financial reporting tasks for the management company and its subsidiaries.
Maintain full responsibility for recording cash transactions, accounts payable, and accounts receivable across a multi-entity structure using Sage Intacct.
Ensure accurate and timely data entry to support monthly, quarterly, and year-end closings. Manage budgets on both a cash and accrual basis.
Track, invoice, and collect all intercompany charges between the management company and affiliated funds. Utilize Sage Intacct to streamline and automate intercompany processes.
Oversee the complex accounts payable review and approval workflow, ensuring efficiency and accuracy.
Monitor and report on investments in securities and real estate assets. Prepare and distribute comprehensive monthly investment reports.
Assist with special projects and drive process improvements to enhance workflow efficiency within the finance function.
Collaborate cross-functionally with finance teams to drive departmental objectives and support strategic financial initiatives.
Desired Skills and Experience
Bachelor’s degree in accounting required; minimum of 3+ years of relevant full-time professional experience. CPA designation is preferred but not mandatory.
Prior experience in private fund accounting is strongly preferred.
Advanced proficiency in Microsoft Excel and Sage Intacct is required.
Technologically adept with a strong understanding of software applications and basic coding concepts.
Exceptional attention to detail and accuracy in all aspects of work.
Intermediate to advanced proficiency in the full Microsoft Office Suite (Word, Outlook, PowerPoint, etc.).
Demonstrated ability to effectively manage and prioritize multiple tasks in a fast-paced, high-pressure environment.
Self-motivated and proactive, with a strong work ethic and the ability to work independently with minimal supervision.
Excellent organizational skills, with strong written and verbal communication abilities.
Positive attitude and collaborative mindset; proven ability to work well within a team environment.
The anticipated annual base salary range for this position is $105,000 - $120,000 plus an annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.
In addition to the base salary, the hired professional is eligible for comprehensive benefits, including 100% employer-paid premiums for medical, dental, vision insurance, life insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
💡 Quick Summary
Seeking a career-building opportunity? The Financial Accounting Associate position is now open for candidates interested in the Accountant Jobs sector. This role in New York City offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
