Financial Accounting Associate

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.

Prospect Capital

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.