Director of Fund Accounting

Jet Support Services

Job Location:

Chicago, IL - USA

Monthly Salary: $ 200000 - 250000

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

About JSSI

Founded in 1989 and headquartered in Chicago Jet Support Services Inc. (JSSI) is the largest independent provider of hourly cost maintenance programs for business aviation. JSSI delivers comprehensive coverage for engines airframes and auxiliary power units (APUs) across more than 300 different aircraft makes and models helping owners and operators stabilize maintenance budgets maximize aircraft availability and protect asset value throughout the lifecycle of ownership.JSSI has built a portfolio of complementary business lines designed to simplify the economic and technical complexity of business aviation; these include Maintenance teams Traxxall maintenance tracking software Parts & Engines Conklin aircraft cost and performance data and Aviation Capital asset-based financing solutions. Together these offerings support owners operators and maintenance providers with integrated tools spanning ownership and maintenance planning execution and financial management.With more than 6500 aircraft supported through programs and software platforms JSSI leverages its unique independence unmatched scale and data-driven insight to deliver customized solutions and support models aligned to the interests of each client regardless of aircraft platform. JSSI is backed by leading institutional investors GTCR Genstar Capital and Blackstone. Learn more at .

Position Summary:

We are seeking a detail-oriented and analytical Director of Fund Accounting to join our team. The Fund Controller will be responsible for maintaining financial reporting managing daily operations like transaction fundings debt facility operations capital calls and distributions fund administration and regulatory compliance while ensuring accuracy through internal controls and audits working with the funds third party administrator as well as the external auditors. This role is critical in supporting fund operations investor reporting and overall financial integrity.

Duties and Responsibilities:

Own the relationship with our third-party administrator Carta
Prepare internal books and records in accordance with GAAP for monthly internal reporting and reconciliation with third-party administrator
Oversee the monthly invoicing process to lessees
Track monthly lessee / borrower payment activity and manage or escalate collection communication as needed.
Support administration of our external debt warehouse facility and ensure compliance with monthly reporting requirements
Partner with our Compliance team to ensure we are in good standing with Registered Investment Advisor requirements
Oversee monthly internal reconciliation of cash aligning with third-party administrator for accurate reporting
Manage transactional funding plans as well as LP capital calls and distributions
Work with the investment team to project transaction timing funding plans and associated cash requirements
Manage processes related to investor financial performance metrics including regular review and update of the IRR calculation distribution waterfall and reconciliation to cash on hand
Calculate Net Asset Value (NAV) and ensure timely distribution to stakeholders
Generate financial statements in accordance with GAAP
Monitor fund expenses and accruals ensuring accuracy and proper allocation between good faith deposits and fund expenses
Ensure adherence to fund documents and regulations
Own the audit process by coordinating with external auditors and providing required documentation
Ensure compliance with internal controls and policies
Provide ad hoc financial analysis and reporting as needed

Desired Credentials:

Bachelors degree in Accounting Finance or related field
CPA or progress toward CPA designation preferred
10 years of accounting and operational experience ideally in asset management hedge funds or private equity
Strong knowledge of GAAP and investment fund structures
Proficiency in accounting software and Microsoft Excel
Excellent analytical organizational and problem-solving skills
Strong attention to detail and ability to meet deadlines in a fast-paced environment
Ability to work independently and as part of a team
Strong communication skills for interaction with internal and external stakeholders
High integrity and commitment to accuracy
Adaptability to evolving financial regulations and industry practices

At JSSI we are committed to rewarding our team members with competitive and comprehensive compensation packages that reflect their contributions and talent.

For this role the annual base pay generally ranges from $200000 to $250000 with the final offer determined by variable factors including but not limited to market location job-specific knowledge skills education and addition your total rewards package may include an annual discretionary bonus plan incentive or sales bonus plan or other form of additional compensation based on your role.

Additionally for full-time employees based in the USA Canada or the Philippines we are proud to offer a robust suite of benefits. This ranges from insurance offerings such as medical dental vision retirement savings programs among others starting day one of employment. For a full overview of our offerings visit the JSSI Benefits Page on our company website.

JSSI is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin disability protected veteran status or other characteristic protected by law.

JSSI does not accept unsolicited resumes from individual recruiters or third-party recruiting agencies in response to job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers or Recruiting Team.

Required Experience:

Director

About JSSIFounded in 1989 and headquartered in Chicago Jet Support Services Inc. (JSSI) is the largest independent provider of hourly cost maintenance programs for business aviation. JSSI delivers comprehensive coverage for engines airframes and auxiliary power units (APUs) across more than 300 diff...