Fund Accounting Manager

Fund Accounting Manager Overview

• The Fund Accounting Manager will oversee private equity fund accounting and administration, ensuring compliance with financial standards and partnership agreements.
• Collaborate with third-party administrators to maintain accurate valuations and general ledger entries adhering to fair value market principles.
• Review and approve fund expenses, accruals, and budgets, identifying discrepancies and proposing adjustments.
• Ensure investor allocations are accurately calculated, confirming profits, losses, and fees align with operating agreements.
• Coordinate investor capital calls and distributions, overseeing allocation calculations and notices.
• Reconcile accounting data between systems, utilizing automated tools and resolving discrepancies effectively.
• Monitor compliance with partnership operating agreements and financial reporting standards.
• Prepare and review annual fund financial statements in accordance with US GAAP.

Fund Accounting Manager Key Responsibilities & Duties

• Manage quarterly valuations, ensuring accuracy and adherence to market principles.
• Review fund expenses and budgets, identifying and addressing anomalies.
• Approve investor capital account statements and management fee calculations.
• Coordinate investor capital calls and distributions with third-party administrators.
• Reconcile accounting data, resolving discrepancies with internal and external parties.
• Monitor compliance with partnership agreements and financial standards.
• Handle ad hoc requests and liaise with fund managers as required.
• Oversee preparation of annual financial statements in compliance with US GAAP.

Fund Accounting Manager Job Requirements

• Bachelor of Arts (BA) degree in Accounting, Finance, or a related field.
• Minimum of 5 years of experience in fund accounting; 7 years preferred.
• Proficiency in US GAAP and financial statement preparation.
• Strong knowledge of private equity fund operations and compliance.
• Experience with automated accounting tools and reconciliation processes.
• Ability to manage third-party administrators and coordinate complex financial tasks.
• Excellent analytical and problem-solving skills.
• Effective communication skills for liaising with internal and external stakeholders.