Senior Fund Accountant Private Equity Venture Capital
Senior Fund Accountant Private Equity Venture Capital
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Salary Not Disclosed
1 Vacancy
Job Description
Organizational Overview
Dynamo has provided industrytailored highly configurable investment management reporting and data management solutions to the global alternative investment industry since 1998. Dynamo provides SaaS solutions across the private investment landscape including fund administrators endowments pension funds foundations private equity and venture capital funds real estate investment firms hedge funds prime brokers funds of funds and family offices. The Dynamo platform has improved the productivity of fundraising deal research investor servicing portfolio management and compliance teams worldwide. Collectively Dynamos 1000 clients manage over $10 trillion in assets.
The Companys proprietary Dynamo Accounting software provides easy access to all firm information from one intuitive interface handles complex fund structures and economic arrangements and provides best of breed reporting. Dynamo Softwares experienced team of accounting professionals offers a full range of implementation and outsourcing services tailored to each clients needs and budget. Clients include venture buyout fund of funds SBICs family offices and other private equity firms with assets under management ranging from under $200 million to multibillion.
Although we operate as a unified team our Dynamo Accounting team effectively has two practices:
- Dynamo Accounting licensing and related implementation & support services
- Outsourced Accounting and Reporting Services
Role Overview
This position is within the Outsourced Accounting and Reporting Services practice (the Outsourcing Practice) and reports to a Fund Controller or Senior Manager within our Outsourcing Practice. The Outsourcing Practice focuses on private equity and provides customized bundles of accounting and reporting services to our clients which include but are not limited to entry of all accounting transactions and related recordkeeping; preparation and edelivery of quarterly unaudited financial statements and investor reports; preparation and edelivery of investor capital calls and distributions; coordination of annual audits including drafting the footnotes to the audited financials; coordination of annual partnership income tax returns and edelivery of Schedule K1s to investors; maintenance of clients online investor portals; responding to ad hoc questions from clients and their investors; administering the treasury function including lines of credit.
Responsibilities & Requirements:
- Monitor cash transactional activity and assure that related accounting entries are accurate timely and consistently recorded. Prepare monthly/weekly bank reconciliations as appropriate.
- Assist with the quarterly closing process including gathering and confirming NAV statements from underlying investment partnerships for fund of funds clients. Publish preliminary financial and investor reports and perform initial checks and formatting thereof. Upon receipt of client approvals assemble final reports and distribute using appropriate means for each client (either email mail merge or portal or both).
- Publish and perform an initial review of periodic client reports such as weekly reports and notices.
- Assist with capital call and distribution processing including issuing mail merge notices to client investors and processing capital call receipts.
- Manage client investor portals and related requests from client investors.
- Assist with preparation of work papers in support of the annual audit of client records including coordinating all investment and other confirmation requests.
- Assist with the coordination of work papers in support of annual partnership income tax returns and Schedule K1s. Assist incompiling K1 header information for a tax preparer responding to tax preparer requests for additional information and the electronic delivery of K1s
- Assist with ad hoc requests for additional research and analysis.
What you bring:
- Minimum of Bachelors degree in accounting
- CPA (strongly preferred)
- Experience in private equity or partnership investment accounting (strongly preferred)
- Technical interest/ aptitude including strong Excel skills
- Excellent communication skills
- Capable of working independently while juggling multiple priorities in a fastpaced environment
What we offer:
- The ability to have an IMPACT. Good ideas come from everyone in our organization and we are agile enough to embrace new ideas and directions
- The opportunity to gain knowledge and experience in the rapidly growing financial services and alternative assets industry
- A very attractive work culture in an established technology company we take pride in our work and people
- A flexible work environment with opportunities for remote/ hybrid work or flexible hours
- Excellent health insurance program for you and your family
Dynamo SoftwareInc. isanequalopportunity employer. Allemployment decisions and personnel actions at the Company are administered withoutregard to race color religion creed nationalorigin ancestry sex age qualifiedmentalorphysical disability sexual orientation gender identity genetic carrierstatus any veteranstatus any military service any application for any military service or any other category or class protectedby federal state or local laws. All employmentdecisions and personnel actions such as hiring promotioncompensation benefits and terminationare and will continue to be administered in accordance with and to furtherthe principle of equal employment opportunity.
Required Experience:
Senior IC
Employment Type
Full-Time
