Fund Accounting Manager

Overview

• Manage fund accounting operations, ensuring compliance, accuracy, and efficiency in financial reporting for equity funds.
• Collaborate with a skilled team in a hybrid work environment to drive operational excellence.
• Utilize advanced accounting software to streamline processes and enhance data management capabilities.
• Support audits and regulatory adherence, ensuring compliance with industry standards and best practices.
• Prepare and review detailed financial statements, including partner capital accounting and footnotes.
• Contribute to process improvement initiatives, optimizing reporting workflows and operational efficiency.
• Engage in professional development opportunities to stay ahead in fund accounting practices.
• Foster a collaborative environment, mentoring team members and sharing expertise.

Key Responsibilities & Duties

• Interpret fund agreements to establish financial reporting and partner capital accounting requirements.
• Prepare and review journal entries, financial statements, and capital account statements using specialized software.
• Conduct complex calculations, including hypothetical waterfalls, to ensure precise income allocation.
• Draft and review comprehensive footnotes for financial statements, detailing business arrangements.
• Calculate and oversee capital calls, distributions, and management fee processes.
• Identify and implement solutions to enhance reporting efficiency and effectiveness.
• Respond to investor servicing requests, ensuring exceptional support and communication.
• Manage financial audits, ensuring compliance with industry standards and regulatory requirements.

Job Requirements

• Bachelor’s degree in Accounting or Finance; CPA certification or progress towards preferred.
• Minimum of five years of progressive experience, with audit exposure in financial services.
• Proficiency in private equity partnership accounting, including carried interest and allocations.
• Strong skills in MS Excel and MS Word; ability to adapt to new software applications.
• Detail-oriented with a focus on producing high-quality and accurate work products.
• Self-driven, proactive, and adept at prioritizing tasks to meet deadlines effectively.
• Experience with fund accounting software, particularly Investran, is highly desirable.
• Commitment to professional growth within a collaborative and dynamic team environment.