Fund Accounting Associate

General Partner Tasks

• Prepare work paper files for accuracy and completeness including capital activity investment activity income fund flow through expense and direct expense allocations.
  
• Prepare deal by deal capital calls allocations and distribution allocate expenses and prepare investor capital notices.
  
• Prepare 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.
  
• Summarize key provisions from fund agreements such as allocation methodology clawback provisions and holdback requirements expense policies and methodologies.
  
• Prepare monthly cash reconciliations for numerous funds. This requires downloading bank cash activity tracking expense reserves tax withholdings and payments and other reconciling items.
  
• Prepare the setup of GP entities in Investran and record historical capital activity.
  
• Prepare the recording of monthly journal entries in Investran based on the capital activity.
  
• Prepare quarterly trial balances and reconcile fund accounting workpapers as well as general partner s yeartodate and lifetodate capital activity summary and reconciliations.
  
• Prepare and maintain tax withholdings and payments by investor fund and legal entity.
  
• Prepare and maintain yeartodate and lifetodate capital activity.
  
• Prepare and maintain the General Partner commitment tracker by Fund.
  
• Assist with adhoc reporting needs.
  
• Record quarterly transactions in Investran.
  
• Data & Processes
  
• Historical accounting data has been tracked in Microsoft Excel. The individual should be able to prepare data for the implementation of technology solutions
  Assist in the creation of various databases in Microsoft Excel by gathering data from primary and secondary sources
  Ensure data integrity across our various databases and tools
  Ensure the upkeep of databases and data systems.
  Cleanse data and scrutinize computergenerated reports and outputs to identify and rectify errors
  
• Data Cleaning and Preparation: This involves filtering the data handling missing values and preparing the dataset for analysis to ensure accuracy and relevance.
  
• Monitor data quality correct when needed and develop systematic approaches for flagging issues and ensuring continuous data quality improvement
  
• Engage with managers from various departments to specify data requirements for analysis projects tailored to their unique business processes.
  
• Create expand and own various processes.
  
• Look for opportunities to improve or streamline existing processes and reporting
  
• Document procedures and policies across multiple funds/investments. The individual will be required to understand and assist with the preparation and reviewing of documentation of dealbydeal allocation rules that vary by fund and investor classes.
  

Requirements

• Bachelor s degree in accounting or finance.
  
• Previous General Partner Accounting experience or at minimum Fund accounting experience.
  
• 35 years experience in accounting with a focus in private equity
  

• Demonstrate a strong knowledge of accounting with a focus on private equity funds.
  
• Good English oral and written strong communication skills.
  
• Proficiency in Microsoft Office suite with advanced Microsoft Excel skills
  
• Not intimidated by large data sets
  
• Understanding accounting and finance process flows and how information is consolidated into the general ledger to ensure improvement and value creation.
  
• Initiative to learn ask questions operate in a fastpaced environment challenge the status quo
  
• High attention to detail accuracy and timeliness with proven ability in managing multiple deliverable timelines concurrently.
  
• Ability to own and complete various workstreams.
  
• Ability to provide valuable insight and assist with initiatives.
  
• Ability to follow procedures.
  
• Ability to meet assigned deadlines.
  
• Selfmotivated / energetic individual.
  

Proficiency in Investran required. Advanced user preferred.