Fund Accountant

Fund Accountant Overview

• The Fund Accountant will manage accounting and financial operations for fund partnership vehicles, ensuring compliance with GAAP/IFRS standards.
• Collaborate with accounting teams and fund administrators to oversee cash flow activities, including capital calls and distributions.
• Review and analyze management and performance fees, ensuring accurate calculations and reporting.
• Assist in preparing quarterly unaudited and annual audited financial statements, adhering to industry standards.
• Provide support to investment teams during transaction closings, including allocation reviews and reporting requirements.
• Coordinate with fund administrators to deliver required reporting and ensure partnership agreement compliance.
• Respond to investor inquiries professionally and promptly, ensuring satisfaction and accurate information delivery.
• Collaborate with tax departments for fund and investor K-1 reviews and tax payments.
• Maintain and review distribution waterfalls and carried interest calculations for accuracy and compliance.

Fund Accountant Key Responsibilities & Duties

• Oversee investor cash flow activities, including capital call and distribution notices.
• Track daily cash activity, set up wire payments, and prepare cash projections.
• Review quarterly unaudited and annual audited financial statements in accordance with GAAP/IFRS.
• Analyze management and performance fee calculations for accuracy and compliance.
• Support investment teams during transaction closings with allocation reviews and reporting requirements.
• Coordinate with fund administrators to ensure timely and accurate reporting.
• Interpret partnership agreements and ensure compliance with reporting requirements and partner economics.
• Assist tax departments with fund and investor K-1 reviews and tax payments.
• Respond to investor inquiries and provide professional support and analysis.

Fund Accountant Job Requirements

• Bachelor of Arts in Accounting, Finance, or a related field is required.
• Minimum of 2 years of experience in fund accounting or financial operations.
• Preferred 4 years of experience in accounting within private markets or investment funds.
• Proficiency in GAAP/IFRS standards and financial statement preparation.
• Strong analytical skills with experience in fee calculations and cash flow management.
• Excellent communication skills for investor correspondence and team collaboration.
• Ability to interpret partnership agreements and ensure compliance with reporting requirements.
• Experience with tax documentation reviews, including K-1s and tax payments.
• Familiarity with fund accounting software and tools for efficient operations.