Accounting Analyst, IFC Asset Management Company

Job #:	132764
Title:	Accounting Analyst, IFC Asset Management Company
Job Stream:	Accounting
Location:	Washington, DC
Closing Date:	01/17/2014
Background / General description:
IFC Asset Management Company, LLC (AMC) is the fund management arm of International Finance Corporation (IFC). AMC was established in 2009 as a wholly-owned subsidiary of IFC, to mobilize and manage third-party capital for investment in private enterprise in developing and frontier markets. It aims to enhance IFC’s development impact and financial sustainability, as well as generating profits for investors. AMC–managed funds are targeted at large sophisticated investors who are looking to increase their exposure to emerging markets and who are interested in accessing IFC’s transaction pipeline, investment approach and standards, global reach and track record of superior returns. AMC currently has $6 billion in assets under management in the following funds: - IFC African, Latin American and Caribbean Fund, which co-invests in IFC equity and equity related transactions in Africa, Latin America and the Caribbean across a broad range of sectors  - IFC Capitalization Fund, which invests in the equity and subordinated debt of large domestic commercial banks in developing countries - Africa Capitalization Fund, which makes equity or equity-related investments in commercial banks in North and Sub-Saharan Africa  - IFC Russian Capitalization Fund which makes equity and equity-related investments in commercial banks in Russia - IFC Global Infrastructure Fund, which invests alongside IFC in infrastructure and, selectively, natural resources companies and projects in emerging markets  - IFC Catalyst Fund, a fund of funds platform to invest in private equity funds focused on low-carbon and climate-friendly companies and projects in the emerging markets globally (“Climate Business”), as well as to make co-investments with its investee funds.  In addition, AMC is planning to raise and manage additional funds in the future, each with a focus on a particular sector, region or product. IFC’s investment departments support AMC by providing origination, execution and supervision services, but all investment and portfolio decisions for funds under management are taken independently by AMC.
Duties and Accountabilities:
Reporting to Assistant Controller, the Analyst will (i) be responsible for daily accounting functions of AMC and AMC Funds ; (ii) assemble documents and information on projects related to AMC and AMC Funds selected for accounting review and audit and (iii) work with Assistant Controllers to support investment teams on fund investments.  In particular, the Accounting Analyst will:  - Prepare and maintain AMC journal entries and financial statements - Assist in review of quarterly and annual financial statements of AMC Funds - Preparation of custody reconciliation reports and instructions - Assist in the year-end tax reporting requirements  - Assist in preparing annual budget for AMC and the Funds - Preparation of capital call and distribution notices for the Funds - Preparation of ad-hoc financial reports for management - Track and reconcile accounts receivables for AMC from the Funds including management fees and expense reimbursements - Assist in processing payments of AMC and Funds’ invoices - Assist in other areas as required
Selection Criteria:
The successful candidate will have the following qualifications: - BS/ BA degree in accounting, CPA preferred,  - 3 or more years of relevant experience, preferably in private equity or public accounting in asset management industry - Good understanding in the application of US GAAP and international accounting standards and accounting practices, hands-on familiarity with financial analysis, financial management, and accounting systems, financial reporting, auditing and budgeting - Understanding of Partnership accounting and investor allocations including private equity investment valuations and general asset management industry practice - Excellent organizational skills and attention to detail, can handle multiple projects and ability to effectively work independently as well as in teams - Ability to effectively communicate both orally and in writing - Proficient in office applications including Excel, Word and PowerPoint. To apply for this position, please send your CV and cover letter to AMCRecruit@ifc.org  NOTE: The selected candidate will be employed directly by AMC, which is a distinct legal entity to IFC.  IFC Asset Management Company, LLC is an equal opportunity employer.