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Vice President, Financial Policy & Reporting

Location

New York

Job description

Position: Vice President, Financial Policy & Reporting

Reports to: Director

About Wafra:

Wafra Inc. is a leading global investment firm currently managing approximately $33 billion in assets and commitments across a variety of asset strategies. Behind our investment strategies are talented professionals, principally in New York and other financial centers, who bring expertise and experience to deliver strategic, reward-focused solutions. Wafra seeks to provide long-term investment return solutions that span not just years, but generations.

Department/Position Summary:

Wafra pursues excellence in all areas of its operations and activities; the Wafra Operations Department (“Operations”) is no exception.  The Operations team is currently comprised of CPAs, CFAs and Finance professionals with significant prior experience that includes leading financial institutions and Big Four accounting firms who collectively make up a diverse and dynamic team.  The Operations team provides services to the firm’s investors and investment teams including Fund Accounting and Financial Reporting, Investment Valuation, Investor Services, Middle Office, Trade Processing, Settlement and Reconciliation.

Financial Policy and Reporting plays a critical role in the financial reporting process of the Wafra managed funds. The Vice President of Financial Policy & Reporting will be responsible for managing and coordinating the financial reporting function for 120+ financial statements across 150+ reporting entities. The candidate will also be responsible for supporting various compliance related deliverables. Successful candidates will possess strong interpersonal skills and the ability to multitask in a fast-paced environment.

Duties and Responsibilities:

  • Act as main point of contact for external auditors and fund administrators during annual audit process
  • Perform reviews of financial statements and footnotes, ensuring consistency with relevant reporting framework
  • Partner with various departments that impact or contribute to the timely and accurate production of financial statements, and to the accuracy and timeliness of financial information
  • Lead and coordinate annual SOC audit process and other compliance, regulatory and internal audit related reporting and deliverables
  • Act as subject matter expert on technical accounting with a focus on providing advice and guidance on technical accounting matters
  • Review new investment products and implement appropriate changes to the financial statement disclosure and presentation
  • Provide financial control oversight, ensure end-to-end key controls are documented, implemented and operating effectively
  • Special projects and ad-hoc reporting and deliverables

Requirements:

  • 8+ years of experience in financial reporting
  • External audit experience in private equity industry considered an asset
  • Strong technical accounting skills and familiarity with ASC 946 Investment Company accounting,
  • Review new investment products and implement appropriate changes to the financial statement disclosure and presentation
  • Ability to thrive in a fast-paced, growing environment
  • Knowledge of private equity/hedge fund industry required
  • Bachelor’s degree with a major in Accounting, Finance, Economics, or similar
  • CPA Required

A good faith estimate of the Base Salary Range is: $150,000-$200,000 with the possibility for a discretionary bonus.

All duties and responsibilities of this role are expected to be conducted on-site at the Company offices.

Please send your resume to [email protected] with the subject line “(Last Name)-Financial Policy & Reporting”.

This description reflects management’s assignment of essential functions; it does not proscribe or restrict the tasks that may be assigned.

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