Analyst Fund Accounting
About the job
- A bachelor's degree in Accounting, Finance, or a related field.
- Two to five years of experience in public accounting serving financial services clients or fund administration.
- Proficiency in Microsoft Office, specifically Microsoft Excel.
- Ability to work independently and as part of a team, meet deadlines, and deliver high-quality work.
- Ability to work in a fast-paced, dynamic environment and manage competing priorities efficiently.
- Superior analytical and problem-solving capabilities.
- Good organizational skills, ability to multitask, and ability to drive projects to completion.
- Perform final net asset value reconciliation between the fund administrator and internal records.
- Independently calculate investor-level management and incentive fees and investor-level profit and loss allocations.
- Review complex new transactions for proper accounting treatment.
- Track fund-level budgets, expense caps, and accrual substantiation monthly.
- Prepare return and performance estimates and investor reporting monthly.
- Coordinate with the tax department for booking current and deferred taxes.
- Review financial statements prepared by the administrator and year-end audits.
- Prepare internal management reports monthly.
- Prepare ad hoc investor or marketing-related requests.
- Perform balance sheet and income statement analytics.
- Ensure adherence to relevant regulatory requirements and industry best practices.
- Manage new entity creations by working with external legal counsel, creating new entities in Geneva, and maintaining internal records.
- Work with the technology department on automation, process enhancements, and new initiatives.
- A Certified Public Accountant license is preferred but not required.
- Ability to work in a fast-paced, dynamic environment and manage competing priorities efficiently.
- Self-starter qualities.
About the company
Waterfall Asset Management is an SEC-registered institutional asset manager that specializes in structured credit (asset-backed securities and loans) and private equity investments. It sources, analyzes, and purchases ABS and loan products across multiple sectors globally using a relative value approach to identify mispricings and potential upside. The firm leverages the experience of its founders and portfolio managers—who together have decades of ABS/loan analysis, trading, banking, and servicing expertise—to build portfolios intended to provide attractive risk-adjusted returns. With approximately $13.1 billion in assets under management as of December 1, 2024, Waterfall aims to deliver returns that are generally uncorrelated to many traditional investment sectors by focusing on multi-sector opportunities in structured credit and loans. Its goal is to deliver competitive, risk-managed outcomes for clients through disciplined research, sourcing, and active portfolio management.
Company Size
51-200
Company Stage
N/A
Total Funding
$190.4M
Headquarters
New York City, New York
Founded
2005
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Simplify's Take
What believers are saying
- Waterfall closed the August 19, 2026 $450 million Tri-State acquisition, its largest real-estate deal.
- On September 3, 2026, Waterfall and Delaware Life refinanced The Torrance with a $64.7 million loan.
- Waterfall extended UK SME lending on July 27, 2026 through iwoca’s £250 million facility.
What critics are saying
- Ready Capital, externally managed by Waterfall, had a $261 million market cap on September 16, 2026.
- Auscultating office and mixed-use exposure, including The Torrance and Chesterbrook, ties Waterfall to fragile leasing markets.
- If Ready Capital’s losses persist into 2027, Waterfall’s franchise faces fee pressure and reputational damage.
What makes Waterfall Asset Management unique
- Waterfall combines asset-backed credit, whole loans, and real-asset structuring across 60+ sectors.
- James Cuby’s July 2026 promotion deepens Waterfall’s Europe platform and sourcing network.
- SigmaX with ExodusPoint pairs institutional credit expertise with digital trading infrastructure.
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Company News
Waterfall Asset Management and ExodusPoint Capital enter strategic partnership to launch SigmaX intelligent trading platform, aiming to deliver a secure, transparent and efficient digital investment experience. Posted on September 10, 2026 NEW YORK, 2026 - Waterfall Asset Management and ExodusPoint Capital have entered into a strategic partnership to jointly develop and launch SigmaX, an intelligent digital trading platform designed to combine traditional asset management expertise, multi-strategy investment capabilities and digital technology. The collaboration aims to provide investors with integrated access to market information, trading tools and investment services. By bringing together the two firms' experience across institutional investing, global markets, risk management and technology, the partnership will explore a more secure, transparent and efficient model for delivering digital investment services. Founded in 2005 and headquartered in New York, Waterfall Asset Management has built extensive experience in asset-based finance and investment management, primarily serving institutional investors. Over the years, the firm has developed capabilities across asset allocation, market research and risk management. Its participation in the development of SigmaX represents a further step toward integrating traditional asset management expertise with financial technology. Founded in 2017, ExodusPoint Capital is a global multi-strategy investment management firm with operations across multiple countries and regions. As its international business has expanded, the firm has continued to strengthen its global operating and compliance framework, with particular emphasis on major financial centers including the United States and Singapore. Its experience operating within established regulatory environments in these markets is expected to support SigmaX's future international development. Under the current development plan, SigmaX will provide a unified digital platform integrating market data, trading tools, investment analytics and account management. Users will be able to access market information through a single interface while using the platform's analytical and trading capabilities, reducing the operational friction associated with switching between multiple services. The platform will also focus on improving data presentation and user workflows, with the goal of making complex financial information easier to understand and navigate. Its functionality is intended to support users with different levels of investment experience by providing relevant market information and analytical tools in a more accessible format. Institutional investment expertise will form an important part of the SigmaX product framework. Waterfall Asset Management will contribute its experience in asset management, market research and risk control, while ExodusPoint Capital will bring multi-strategy investment capabilities as well as operational and compliance experience gained across international financial markets, including the United States and Singapore. The two firms also plan to progressively translate established approaches to asset allocation, market analysis and risk identification into digital tools, providing users with a more structured framework for evaluating market information. From a technology perspective, SigmaX will focus on strengthening trading-system stability, data-processing efficiency, information security and account-management infrastructure. The platform also plans to establish clear transaction-record and information-display mechanisms, enabling users to more easily review account activity and relevant transaction information. Risk management will be incorporated throughout the platform's development, supported by data analysis, standardized operating procedures and risk-identification mechanisms designed to strengthen the overall reliability of its services. The companies stated that SigmaX is intended to go beyond simply adding online trading functionality. Instead, the platform seeks to integrate professional investment-management capabilities, international market experience, compliance frameworks and digital technology within a unified service environment. As development progresses, SigmaX will continue expanding its capabilities across market data, investment analysis, trading tools, risk management and user services. With the United States and Singapore identified as key international markets, the platform plans to gradually broaden the range of digital investment services and use cases available to users.
Waterfall Asset Management and ExodusPoint Capital enter strategic partnership to launch SigmaX intelligent trading platform, aiming to deliver a secure, transparent and efficient digital investment experience. Sep 8, 2026 New York, United States, September 9, 2026 - Waterfall Asset Management and ExodusPoint Capital have entered into a strategic partnership to jointly develop and launch SigmaX, an intelligent digital trading platform designed to combine traditional asset management expertise, multi-strategy investment capabilities and digital technology. The collaboration aims to provide investors with integrated access to market information, trading tools and investment services. By bringing together the two firms' experience across institutional investing, global markets, risk management and technology, the partnership will explore a more secure, transparent and efficient model for delivering digital investment services. Founded in 2005 and headquartered in New York, Waterfall Asset Management has built extensive experience in asset-based finance and investment management, primarily serving institutional investors. Over the years, the firm has developed capabilities across asset allocation, market research and risk management. Its participation in the development of SigmaX represents a further step toward integrating traditional asset management expertise with financial technology. Founded in 2017, ExodusPoint Capital is a global multi-strategy investment management firm with operations across multiple countries and regions. As its international business has expanded, the firm has continued to strengthen its global operating and compliance framework, with particular emphasis on major financial centers including the United States and Singapore. Its experience operating within established regulatory environments in these markets is expected to support SigmaX's future international development. Under the current development plan, SigmaX will provide a unified digital platform integrating market data, trading tools, investment analytics and account management. Users will be able to access market information through a single interface while using the platform's analytical and trading capabilities, reducing the operational friction associated with switching between multiple services. The platform will also focus on improving data presentation and user workflows, with the goal of making complex financial information easier to understand and navigate. Its functionality is intended to support users with different levels of investment experience by providing relevant market information and analytical tools in a more accessible format. Institutional investment expertise will form an important part of the SigmaX product framework. Waterfall Asset Management will contribute its experience in asset management, market research and risk control, while ExodusPoint Capital will bring multi-strategy investment capabilities as well as operational and compliance experience gained across international financial markets, including the United States and Singapore. The two firms also plan to progressively translate established approaches to asset allocation, market analysis and risk identification into digital tools, providing users with a more structured framework for evaluating market information. From a technology perspective, SigmaX will focus on strengthening trading-system stability, data-processing efficiency, information security and account-management infrastructure. The platform also plans to establish clear transaction-record and information-display mechanisms, enabling users to more easily review account activity and relevant transaction information. Risk management will be incorporated throughout the platform's development, supported by data analysis, standardized operating procedures and risk-identification mechanisms designed to strengthen the overall reliability of its services. The companies stated that SigmaX is intended to go beyond simply adding online trading functionality. Instead, the platform seeks to integrate professional investment-management capabilities, international market experience, compliance frameworks and digital technology within a unified service environment. As development progresses, SigmaX will continue expanding its capabilities across market data, investment analysis, trading tools, risk management and user services. With the United States and Singapore identified as key international markets, the platform plans to gradually broaden the range of digital investment services and use cases available to users. Contact Info: Name: SigmaX Team Email: Send Email Organization: SigmaX Website: https://sigmaxexchange.com Release ID: 89202759 Should any problems, inaccuracies, or doubts arise from the content contained within this press release, Daily Sports Club kindly request that you inform Daily Sports Club immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Its dedicated team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is at the core of its commitment to its readers. Sep 8, 2026 YOUR NEWS, OUR NETWORK. Be it updates about your business or your community, you can make sure that it's heard by submitting your story to its network reaching hundreds of news sites across 6 verticals.
Waterfall Asset Management and ExodusPoint Capital enter strategic partnership to launch SigmaX intelligent trading platform, aiming to deliver a secure, transparent and efficient digital investment experience. Sep 8, 2026 New York, United States, September 9, 2026 - Waterfall Asset Management and ExodusPoint Capital have entered into a strategic partnership to jointly develop and launch SigmaX, an intelligent digital trading platform designed to combine traditional asset management expertise, multi-strategy investment capabilities and digital technology. The collaboration aims to provide investors with integrated access to market information, trading tools and investment services. By bringing together the two firms' experience across institutional investing, global markets, risk management and technology, the partnership will explore a more secure, transparent and efficient model for delivering digital investment services. Founded in 2005 and headquartered in New York, Waterfall Asset Management has built extensive experience in asset-based finance and investment management, primarily serving institutional investors. Over the years, the firm has developed capabilities across asset allocation, market research and risk management. Its participation in the development of SigmaX represents a further step toward integrating traditional asset management expertise with financial technology. Founded in 2017, ExodusPoint Capital is a global multi-strategy investment management firm with operations across multiple countries and regions. As its international business has expanded, the firm has continued to strengthen its global operating and compliance framework, with particular emphasis on major financial centers including the United States and Singapore. Its experience operating within established regulatory environments in these markets is expected to support SigmaX's future international development. Under the current development plan, SigmaX will provide a unified digital platform integrating market data, trading tools, investment analytics and account management. Users will be able to access market information through a single interface while using the platform's analytical and trading capabilities, reducing the operational friction associated with switching between multiple services. The platform will also focus on improving data presentation and user workflows, with the goal of making complex financial information easier to understand and navigate. Its functionality is intended to support users with different levels of investment experience by providing relevant market information and analytical tools in a more accessible format. Institutional investment expertise will form an important part of the SigmaX product framework. Waterfall Asset Management will contribute its experience in asset management, market research and risk control, while ExodusPoint Capital will bring multi-strategy investment capabilities as well as operational and compliance experience gained across international financial markets, including the United States and Singapore. The two firms also plan to progressively translate established approaches to asset allocation, market analysis and risk identification into digital tools, providing users with a more structured framework for evaluating market information. From a technology perspective, SigmaX will focus on strengthening trading-system stability, data-processing efficiency, information security and account-management infrastructure. The platform also plans to establish clear transaction-record and information-display mechanisms, enabling users to more easily review account activity and relevant transaction information. Risk management will be incorporated throughout the platform's development, supported by data analysis, standardized operating procedures and risk-identification mechanisms designed to strengthen the overall reliability of its services. The companies stated that SigmaX is intended to go beyond simply adding online trading functionality. Instead, the platform seeks to integrate professional investment-management capabilities, international market experience, compliance frameworks and digital technology within a unified service environment. As development progresses, SigmaX will continue expanding its capabilities across market data, investment analysis, trading tools, risk management and user services. With the United States and Singapore identified as key international markets, the platform plans to gradually broaden the range of digital investment services and use cases available to users. Contact Info: Name: SigmaX Team Email: Send Email Organization: SigmaX Website: https://sigmaxexchange.com Release ID: 89202759 Should any problems, inaccuracies, or doubts arise from the content contained within this press release, All Sports Today kindly request that you inform All Sports Today immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Its dedicated team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is at the core of its commitment to its readers.
Lincoln Property company joint venture acquires $450M mixed-asset multifamily portfolio. August 28, 2026 A joint venture between Lincoln Property Co., Saber-Hightower and Waterfall Asset Management has acquired a $450 million portfolio of multifamily and commercial real estate assets in the Tri-State Area. The acquisition totals 4 million square feet of space, and also includes development opportunities. Assets included in the transaction are Edgewater Harbor, a 262-unit waterfront mixed-use property in Edgewater, N.J., as well as Trilogy Lofts in Yonkers, N.Y., a newly developed 97-unit transit-oriented community. A 50-unit second phase at Trilogy Lofts is expected to begin this year. The multifamily component of the portfolio also includes 761 Main Avenue in Norwalk, Conn., a 29-acre mixed-use property with a medical outpatient complex and pads for multifamily development. Financing for the broader portfolio included two CMBS assumptions and two balance-sheet loans, Zachary Liebmann, partner and head of commercial real estate at Waterfall Asset Management, said in prepared remarks. Trilogy Lofts, located at 21 Scarsdale Road in Yonkers, will span 147 units following the completion of its second phase. Yardi Matrix lists the property as having studio, one- and two-bedroom apartments averaging 765 square feet. Lincoln Property Co. bought the asset for $45 million from National Resources in June, according to the same source. Shared amenities at the development include a rooftop terrace and kitchen, a clubhouse, a coworking suite, a yoga room and a golf simulator. Individual apartments come with in-unit laundry, dishwashers and stainless steel appliances. Under the joint venture's business plan, the companies plan to renovate and reposition the multifamily assets included in the sale, as well as lease up and stabilize the assets. The plan also includes selective development of the portfolio's land parcels.
Waterfall Asset Management's joint venture to acquire four National Resources properties for $450M. Press releases | August 20, 2026 Fried Frank advised Waterfall Asset Management, in a joint venture with Lincoln Property Company and Saber-Hightower, on the preferred equity and common equity investment and financings that resulted in the joint venture's acquisition of four National Resources properties for $450 million. The properties encompass more than 4 million square feet in New York, New Jersey and Connecticut. The transaction is Waterfall's largest real estate acquisition to date. This transaction is a continuation of Fried Frank advising prominent asset managers on their most complex portfolio transactions and financings. Real estate partner Christy Mazzola led the Fried Frank team, which also included real estate partner Adam Streicher; tax partner Libin Zhang; real estate special counsel David Firestone and real estate associates Sophie Winnick, Brian Yuen, Stefano Fagetti Romero and Elias Ayoub. This communication is for general information only. It is not intended, nor should it be relied upon, as legal advice. In some jurisdictions, this may be considered attorney advertising. Please refer to the firm's data policy page for further information.