Fund Accounting Manager

Overview

• Manage accounting operations for equity funds, ensuring accurate financial reporting and compliance with fund agreements.
• Collaborate with a dynamic team in a hybrid work environment, fostering professional growth and development.
• Utilize advanced fund accounting software to streamline processes and improve operational efficiency.
• Support financial audits and ensure adherence to industry standards and regulations.
• Prepare and review complex financial statements, including detailed footnotes and partner capital accounting.
• Contribute to the firm’s success by identifying and implementing solutions to enhance reporting processes.
• Work closely with associates and analysts, overseeing daily fund accounting activities.
• Engage in continuous learning and application of new technologies to optimize workflows.

Key Responsibilities & Duties

• Interpret fund agreements to determine financial reporting and partner capital accounting requirements.
• Prepare and review journal entries, financial statements, and capital account statements using Investran software.
• Conduct hypothetical waterfall calculations to ensure accurate income allocation between investors and general partners.
• Draft and review footnotes for financial statements, accurately describing business arrangements.
• Calculate and review capital calls, distributions, and management fees.
• Evaluate reporting processes, identifying and implementing solutions to enhance efficiency and effectiveness.
• Monitor and respond to investor servicing requests, ensuring high-quality support.
• Manage financial statement audits, ensuring compliance with industry standards.

Job Requirements

• Bachelor’s or Master’s degree in Accounting or Finance; CPA or progress towards preferred.
• Minimum of six years of progressive experience, including audit experience in financial services.
• Proficiency in private equity partnership accounting and allocations, including carried interest.
• Strong knowledge of MS Excel and MS Word; ability to master new applications.
• Detail-oriented with a commitment to producing high-quality work products.
• Self-motivated, proactive, and capable of prioritizing tasks to meet deadlines.
• Interest in taking on challenging roles within a collaborative, team-based culture.
• Experience with fund accounting software, particularly Investran, is highly desirable.