Fund Accounting Manager
Fund Accounting Manager
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$ 90000 - 170000
1 Vacancy
Job Description
New York City based Private Equity Fund Administration Firm is looking for a Private Equity Accounting Manager to manage Private Equity Funds.
Primary Responsibilities Will Include:
- Work closely with the Director/ Managing Director managing daily Fund Operations
- Manage the operations and accounting of an existing fund independently
- Ability to interface and manage a client/ business with limited guidance
- Familiar with LPA and other Governing Able to extract key economics compile and document a thorough summary with limited guidance
- Able to supervise manage and direct a small accounting staff if required
- Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls distributions financial statements waterfalls IRRs) and perform thorough indepth review and sign off prior to Director/Managing Director review
- Perform multiple levels of review/analyses of Financial Reports/Capital Events and Private Equity Complex Transactions (depends on client and team)
Job Requirements Skills Education and Experience:
- Bachelors degree in Accounting Economics and/or Finance
- 7 years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience
- Ability to learn onthejob quickly apply learning to clients and recommend solutions to issues
- Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
- Management and supervisory experience
- Excellent verbal written and interpersonal communication
- Strong attention to detail and accuracy
- Superior problem solving judgment and decisionmaking skills
- Ability to think independently prioritize multitask and meet
- Extensive Microsoft suite skills Excel (pivots) Word PowerPoint and Outlook
Preferred Experience:
- CPA
- Sound knowledge of Investment Company Accounting (ASC 946 Economics (Waterfalls and Allocations) Fund Structure (Corporate Partnership Tax Blockers etc. within an Organization Chart) / Investor Classifications
- Sound knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in US GAAP (ASC 946 and IFRS Ability to Prepare and review
- Sufficient knowledge and hands on experience with governing documents such as LPAs Advisory Agreements Side Letters Separate Fee agreements etc.
- Hands on experience accounting/audit of private equity funds (including blockers Parallel SPV AIV Co Investment Vehicles) management companies and other related vehicles
The salary range for this position is $90000$170000 in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidates experience level.
Work Arrangement
All applicants applying to Gen II Fund Services LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule comprised of two 2 days a week in our office and three 3 days remotely.
About The Company
Gen II Fund Services LLC is one of the largest global independent private equity fund administrators administering over $1 trillion of private capital on behalf of its clients with 14 offices across the US Canada and Europe. Gen II offers private fund sponsors a bestinclass combination of people process and technology enabling fund sponsors to effectively manage their operational infrastructure financial reporting and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry with broad expertise across buyout funds of funds real estate energy infrastructure credit coinvestment hybrid funds feeder funds venture capital retail and managed accounts.
Key Facts:
- Administering over $1T in assets
- Servicing nearly every significant investor in the asset class
- Institutional grade infrastructure and SSAE 18 (SOC1 Type 2 certification ensuring confidence in our processes and operating model
- The most experienced and best performing team in the industry
https://gen2fund/candidateprivacystatement/
Required Experience:
Manager
Employment Type
Full-Time
