Associate, Corporate Accounting

Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Waterfall was founded in 2005 by Tom Capasse and Jack Ross, two individuals who were early leaders of the ABS industry, and who together have over 60 years of proven ABS/Loan credit analysis, trading, banking, and servicing experience. Waterfall seeks to provide its client a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is headquartered in New York, with additional offices in London, and Dublin. As of December 31, 2024, Waterfall approximately $13.1 billion in assets under management.

Job Description

Waterfall is looking to hire an Associate to join their Corporate Accounting team. The Corporate Accounting team is evolving along with the WAM business and is seeking a high performing individual who is looking to make an impact.

Specific job responsibilities include:

• Day-to-day maintenance of Management Company and General Partner accounting records and month-end close process
• Preparation of journal entries into accounting software (NetSuite) related to management and incentive fee revenue as well as non-compensation expenses
• Reconciliation of balance sheet accounts (cash, fund/deal receivables, management/incentive fees, accounts payable, etc.)
• Prepare quarterly budget vs. actual reports for department heads and CFO
• Prepare and maintain monthly entity reporting packages with supporting schedules
• Coordinate and oversee local administrators for European subsidiaries
• Assist in preparing the consolidated Financial Pack for the Executive Committee
• Produce monthly reimbursable fund expense report to Fund Accounting team
• Assisting with intercompany/foreign entity consolidation and assist with the preparation and consolidation of monthly entity level financial statements (US, UK and IRE based entities)
• Assist in the annual financial statement preparation and audit for all entities
• Assist with ad-hoc requests (financial reporting, tax, compliance, etc.)

Qualifications and Education Requirements

• Bachelor’s Degree in Accounting
• 3-6 years experience in corporate accounting and/or public accounting roles
• CPA preferred but not required
• Has analytical and problem-solving capabilities
• Strong interpersonal and communication skills
• Ability to work in a fast-paced environment and deal with competing demands
• Self-starter with the ability to work independently
• Motivated, team player, willing and able to be involved at the detail level of work
• Excellent time management skills with ability to work under pressure and meet deadlines
• Proficient in Microsoft Office, specifically Microsoft Outlook, Excel and PowerPoint; Accounting Software (NetSuite)