Job ID: 2023-16507 Type: Full-Time # of Openings: 1 Category: Financial Services and Procurement
PRINCO is widely recognized as an innovative leader in the investment management industry. We manage the University's $36 billion Endowment through a global network of over 65 investment firms which span seven asset classes:
â¢ Developed Markets â¢ Emerging Markets â¢ Independent Return: Hedge Funds â¢ Private Equity: Buyouts and Venture Capital â¢ Real Assets: Real Estate and Natural Resources â¢ Fixed Income and Cash
PRINCO is a small, flat organization that values open debate and independent thinking. The entire investment team, from Analysts to the Chief Investment Officer, works together on an open floor plan and makes investment decisions collaboratively. Each investment professional gains broad exposure to all asset classes, with a focus on one or two.
PRINCO seeks to earn outstanding long-term investment returns in support of the Universityâ™s financial aid, teaching, and research mission. The combination of PRINCOâ™s distinctive investment philosophy and the perpetual nature of the Endowment creates a compelling intellectual challenge. PRINCO has a long history of superior performance, with returns that have consistently placed in the top percentile of institutional investors and that have outperformed those of Warren Buffettâ™s Berkshire Hathaway over the past 20 years.
The Operations Team at Princeton University Investment Company is responsible for supporting the investment operations of Princeton's endowment.
The team is seeking a candidate to account for capital distributions, market values, review financial statements related to its portfolio of investments, and conduct various aspects of operational due diligence.
Accordingly, the candidate must have a strong understanding of the annual reporting cycle and internal control framework of an investment company; from the development of journal entries, proper segregation of duties, through to the sign off of audited financial statements. Candidate must also have the ability to analyze the financial statements of investment companies, conduct operational due diligence, and report to senior management on operational risks, weaknesses and/or deficiencies. Candidate must have the ability to research and report on new developments in the accounting field involving investment companies and to assess the impact on buy side investors.
Process cash and security movements for Level I, II and Level III assets
Reconcile internal records with custodial bank
Identify and process investment valuations across global accounting standards
Evaluate appropriateness of valuation methodologies and conclusions
Perform month end closing procedures
Research and reconcile partner statements and financials with internal records and agreements
Compile and analyze financial information for year-end reporting
Review financials/reporting of investment companies and identify SEC, GAAP or IFRS compliance
Identify and interpret financial and operational risk
Work closely and liaise with colleagues within and outside the department
Calculate carried interest payments and reserve accruals
Assist in vendor management and platform development
Assist in continuing efforts to improve operational efficiency
BA, preferably in accounting, finance or equivalent
Strong work ethic
Great attention to detail and accuracy
Strong communication skills
Ability to be flexible and work well in a small team environment
Must possess strong mathematical and reasoning abilities
Experience and fluency in Microsoft Office applications and relational database management
Comfortable with automation and seeking workflow improvements [process and technology]
Strong organizational abilities and ability to multi-task
2-4 years previous experience in an accounting role, preferably in a financial services firm.
CPA or CFA a plus
Princeton University is an Equal Opportunity/Affirmative Action Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. KNOW YOUR RIGHTS
Princeton University is a vibrant community of scholarship and learning that stands in the nation's service and in the service of all nations. Chartered in 1746, Princeton is the fourth-oldest college in the United States. Princeton is an independent, coeducational, nondenominational institution that provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences and engineering.As a world-renowned research university, Princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. At the same time, Princeton is distinctive among research universities in its commitment to undergraduate teaching.Today, more than 1,100 faculty members instruct approximately 5,200 undergraduate students and 2,600 graduate students. The University's generous financial aid program ensures that talented students from all economic backgrounds can afford a Princeton education.