TIAA Jobs

Associate, PEJC Fund Accountant

New York,NY

Churchill Asset Management LLC

Job Title: Senior Associate

Division: Finance - Private Equity and Junior Capital

Location: New York

Timing: Q1/Q2 2024

Firm Description:

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $50 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by over 160 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles.

Responsibilities:

• Assist the Controller, and Principal of Finance with the oversight of the accounting, financial reporting and tax functions for a group of private equity and mezzanine debt funds.

• Predominantly reporting directly to the Principal of Finance who oversees the Private Equity and Junior Capital accounting team.

• Assisting the Principal of Finance with coordination of any internal or external audits, legal counsel, and other service providers.

• Assisting the Principal of Finance and Head of Tax in the coordination with tax service providers.

• Assisting the Principal of Finance with coordination with operations and compliance to ensure accurate portfolio reporting.

• Responsible for reviewing quarterly trial balance and key supporting schedules, including cash and positions reconciliations.

• Responsible for reviewing invoices and maintaining internal income and expense schedules.

• Responsible for reviewing investor allocations, including capital call and distribution calculations and capital account statements.

• Responsible for reviewing distribution waterfall (carried interest) models and management fee calculations, in keeping with the applicable legal terms.

• Assisting the Principal of Finance in overseeing quarterly and annual consolidated financial statements.

• Responsible for assisting in the preparation and coordination with investor relations for quarterly investor presentations and other ad hoc investor requests.

• Responsible for assisting in the preparation and dissemination of board materials for the Luxembourg entities.

• Assisting in the review of quarterly portfolio valuations, including review of key model inputs.

Qualifications:

• Five to seven years of public accounting experience (investment company accounting required).

• CPA preferred.

• Private Equity and/or Private Credit experience strongly preferred.

• Exposure to and experience working on fund waterfall/ incentive fee calculations and partner allocations.

• Proficient in Microsoft Excel.

• Highly organized and detail-oriented individual who is able to get the big picture.

• Ability to collaborate with others within the firm as well as work independently.

• Ability to take on a new task and own the process from start to finish.

• Ability and drive to identify areas for improvement and provide practical solutions and recommendations for improvement.

• Exposure to and experience working with private equity valuation a plus.

Potential Salary: $130,000 - $140,000 USD

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary on internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Churchill is an Equal Opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination, and retaliation.

Job Ref: 141394