Financial Accounting Associate

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.