Accounting Associate presso Tyree and D'Angelo Partners

Position Title:    Accounting Associate

Reporting To:    Controller/CCO & CFO

Location:            Chicago, IL

The Company:   Tyree & D’Angelo Partners (www.TDPfund.com)

Company Overview

Tyree & D'Angelo Partners ("TDP") is a private equity investment firm that focuses on control investments in the lower middle market (companies with $1-5M of EBITDA).  We look for investments where we can establish true collaborative partnerships with business owners and management teams that will lead to substantial value creation over a long-term investment horizon.

 TDP’s track record of building high-growth and lower risk companies is driven by a buy & build investment strategy, that is based on tested methods of value creation and a true partnership approach with executives and business owners.  TDP works in collaboration with executive leaders utilizing an investment thesis driven process designed to build companies with a differentiated customer value proposition. 

 TDP invests in the healthcare, consumer, and business services sectors, focusing on high-quality founder owned businesses that we can grow with our high probability of success process.  TDP companies have completed over 1,600 partnerships, have grown to over $5 billion of enterprise value, and TDP has over $1.9 billion of capital under management.  For more information, please visit www.TDPfund.com 

We are seeking an Accounting Associate to join the Firm Operations team. The chosen candidate will work closely with senior management executing the accounting and finance function while balancing ad hoc projects.  Timely execution of financial reporting for operating and investment entities including monthly, quarterly, and annual deliverables is paramount. 

The candidate will join a highly collaborative and motivated team in a dynamic environment with substantial opportunity to create value and contribute to the TDP’s growth.  Candidates should be able to handle highly confidential information, possess a high moral compass, and demonstrate learning agility.

Key Responsibilities

• Maintaining the accounting functions of the management company and investment partnerships. This will involve completing monthly bank reconciliations, recording all transactions, preparing quarterly financial statements, preparing quarterly capital account statements and working with our outside auditors in completing the year end audit.
• Maintain capital accounts for the Limited Partners within each partnership. Ensure that income and expense items are allocated as required under the partnership agreements.
• Understanding the partnership agreements under which the Funds operate and maintaining compliance within fund governing documents and regulatory standards.
• Assisting in the preparation of the annual tax returns in coordination with the outside tax preparer and the related tax planning that occurs throughout the year.
• Analyze and document purchase and sale transactions which include working with outside legal counsel and tax advisors.
• Prepare capital call and distribution notices to the limited partners of each partnership.
• Prepare fund performance metrics such as IRRs and multiples of invested capital.
• Prepare draw notices and borrowing base certificates for the Funds’ lines of credit.
• Support investor requests including audit confirmations, fee requests, and call backs for wire information changes.
• Manage investor portal contacts, document upload, and document distribution.
• Assist in the preparation of quarterly investor letters.
• Assist in the preparation of each Fund’s cash flow forecasts, liquidity needs and cash management.
• Manage expense allocations across entities and related invoicing to portfolio companies.
• Identify and communicate issues that could impact accounting, compliance, and tax.
• Improve processes, workflows, and accounting procedures. Support accounting system enhancements and process improvements by documenting and refining workflows to improve efficiency across fund and management company operations.
• Ad-hoc accounting and financial projects as needed.

Requirements / Qualifications

• 2+ years of Big Four public accounting with a focus on audit or tax preferred.
• Financial services industry experience including fund waterfall calculations preferred.
• Highly proficient in MS Office products. Investran and/or QuickBooks experience preferred.
• Strong interpersonal skills and effective communicator.
• Exceptional organization skills, attention to detail and awareness of deadlines.
• High ethical and professional standards and maturity to work with confidential information.
• Bachelor’s degree in accounting or finance required, advanced degrees a plus.
• CPA designation strongly preferred.

Compensation 

Highly competitive compensation consisting of base salary, annual performance bonus, and benefits package. Potential for future equity incentive compensation based on performance and experience at TDP.