Senior Associate – Fund Accounting

Are you a highly motivated Fund Accounting professional who would be excited to support the VP of Fund Accounting for a New York-based alternative investment firm that’s manages assets across private equity, real estate, and strategic partnerships? Would aa an opportunity to shape your role within an entrepreneurial and posh office environment appeal to you. Then this impactful role could be for you.

What people are saying:
“Friendly and welcoming culture.”
“Elegant” and “comfortable office space,”
“Professional and encouraging team atmosphere!”

Title: Senior Associate, Fund Accounting
Salary: $120,000 to $145,000, Bonus eligible
Location: New York, NY

Our client, an established and successful investment firm is seeking to hire a key Senior Associate, Fund Accounting who will be responsible for daily fund operations and overseeing the accounting and financial reporting prepared by external fund administrators for a group of private equity funds, funds of hedge funds, or Private Funds. Additionally, the successful candidate will be responsible for analyzing financial data, performing reconciliations and preparing support for the fund’s business activities. This is an excellent opportunity to grow your career with an investment leader in the financial services industry.

Responsibilities:

• Responsibilities for the Senior Associate, Fund Accounting will include reviewing NAVs prepared by external fund administrators and verifying investment positions and accuracy of transactions for a portfolio of complex private equity funds.
• Performing detailed reviews of expenses charged to funds, including overseeing Fund accounts payable and approving payments for processing.
• Reviewing fund governing documents, offering documents, subscription documents, side letters, and investment management agreements to ensure proper application of fund terms.
• Monitoring of investment transactions, preparation of portfolio track record and analysis.
• Reviewing PE institutional investor compliant capital calls and distribution notices, investor capital statements, and quarterly reports to investors.
• Assisting with review and validation of management fees and waterfall calculations to ensure their accuracy and compliance with fund governing documents.
• Reviewing financial statements and footnotes, ensuring consistency with relevant reporting frameworks.
• Performing Ad-hoc reporting and deliverables.

Requirements:

• BS/MS degree in Accounting or Finance, CPA or CA preferred,
• 3-6 plus years of fund accounting experience/audit experience in Private Equity and Hedge firm,
• Strong technical and analytical skills and detailed oriented skills,
• Knowledge of private equity/hedge fund industry required,