Fund Accounting Team Leader

JOB DESCRIPTION:

• Optimize and streamline processes to increase efficiency. Historical accounting data has been tracked in Microsoft Excel. The individual will be required to recommend standard goforward processes review capital activity and other data in preparation for the implementation of technology solutions.
  

• Supervise Senior Associate work streams/deliverables.
  

• Document procedures and policies across multiple funds/investments. The individual will be required to understand and assist with reviewing documentation of dealbydeal allocation rules that vary by fund and investor classes.
  

• Demonstrate strategic thinking and effectiveness by identifying future needs and problem areas developing and implementing workable solutions.
  

• Review work paper files for accuracy and completeness including capital activity investment activity income fund flow through expense and direct expense allocations.
  

• Oversee the maintenance preparation and review of investor allocations and capital account statements by deal by fund.
  

• Review deal by deal capital calls allocations and distribution allocate expenses and prepare investor capital notices.
  

• Review and assist with tracking and maintaining carried interest issuances updating deal by deal carry reallocating carry for issuances and forfeitures based on each fund s allocation rules calculating vesting by deal by fund.
  

• Summarize key provisions from fund agreements such as allocation methodology clawback provisions and holdback requirements expense policies and methodologies.
  

• Review and assist with monthly cash reconciliations for numerous funds. This requires downloading bank cash activity tracking expense reserves tax withholdings and payments and other reconciling items.
  

• Oversee and review the recording of monthly journal entries in Investran based on the capital activity.
  

• Review quarterly trial balances and reconcile fund accounting workpapers as well as general partner s yeartodate and lifetodate capital activity summary and reconciliations.
  

• Maintain tax withholdings and payments by investor fund and legal entity.
  

• Maintain or review yeartodate and lifetodate capital activity.
  

• Maintain the General Partner commitment tracker by Fund.
  

• Assist with adhoc reporting needs.
  

Requirements

QUALIFICATIONS:

• Bachelor s degree in accounting or finance.
  

• Previous General Partner Accounting experience or at minimum Fund accounting experience.
  

• 710 years experience in accounting with a focus in private equity
  

• 13 years supervisory experience
  

• Demonstrate a strong knowledge of accounting with a focus on private equity funds.
  

• High attention to detail accuracy and timeliness with proven ability in managing multiple deliverable timelines concurrently.
  

• Ability to own and complete various workstream.
  

• Ability to provide valuable insight and assist with initiatives.
  

• Ability to delegate tasks and work requirements to resources ensuring clear responsibilities deadlines and deliverables.
  

• Experience with financial data analysis
  

• Proficiency in Microsoft Office suite with advanced Excel skills
  

• Knowledge of ERP systems required (Sage Intact and Investran)
  

• Understanding accounting and finance process flows and how information is consolidated into the general ledger to ensure improvement and value creation.
  

• Good English oral and written communication skills.
  

• Ability to follow procedures.
  

• Ability to meet assigned deadlines.
  

• Strong communications skills.
  

• Selfmotivated / energetic individual.
  

• Experience with DealCloud CRM platform a plus.
  

• Team Lead duties