Associate, Fund Accounting – Private Debt

StepStone Group; Dublin; On-site; EUR 70,000 - 90,000; Full time

Job summary

The StepStone Group Dublin office is seeking an Associate for the Private Debt – Fund Accounting team. You will perform shadow accounting for StepStone funds, oversee daily fund activities, and coordinate with fund administrators.

You will interact with professionals across the firm and collaborate with other StepStone offices and departments to ensure accurate reporting and processes. A 4–6 year track record and a finance-related degree are preferred.

Qualifications

• 4–6 years in a comparable role.
• Bachelor degree in finance, accounting or mathematical-related subject.
• Strong Excel and MS Office skills.
• Experience with FX hedging and complex fee calculation models.
• Knowledge of private debt/private equity or hedge funds.

Responsibilities

• Perform a Final Review before release of NAV valuations of private debt funds and fund of funds (Shadow accounting).
• In-depth review of complex management and performance fees calculation.
• Review and maintain all fund holdings for NAVs and investor reporting.
• Monitor controls to mitigate risk internally and externally.
• Assist with client reports production and coordination across portfolios.

Skills

Attention to detail

Analytical skills

Excel proficiency

Interpersonal skills

Investor servicing

Problem solving

Multitask ability

Communication skills

IT skills

Education

Bachelor degree in finance, accounting or mathematical-related subject

Tools

Investran

Microsoft Office

Job description

When you choose to work with us, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen.

Dublin

We are global private markets specialistsdelivering tailored investment solutions,advisory services, and impactful, data driveninsights to the world’s investors.Leveraging the power of our platform andour peerless intelligence across sectors,strategies, and geographies, we helpidentify the advantages and the answersour clients need to succeed.

Position Overview

The Associate of StepStone Private Debt – Fund Accounting in Dublin will be responsible for performing shadow accounting of StepStone funds, will oversee all activities related to a fund on a daily basis and will coordinate and reconcile with the fund administrators. The Associate will be in contact with professionals across the company and will work closely with team members in other StepStone offices and Departments on a regular basis.

Essential Job Functions:

• Perform a Final Review before release of NAV valuations of private debt funds and fund of funds (Shadow accounting)
• In-dept review of complex management and performance fees calculation
• Review and maintain all fund holdings for inclusion in both NAVs and periodic Investor reporting
• Continuous review of controls in place with the objective of mitigating risk both internally and externally
• Monitor and review foreign currency hedging activities within the portfolio and the effects of FX Neutralisation within the NAV
• Budget and track fund’s fees and expenses periodically
• Track and monitor subscriptions / redemptions, capital calls, withdrawals, dividends, etc. are applied at the appropriate period.
• Collect and reconcile data from and between Investment Advisor, Investment Manager and Fund Administrator; filing and input into the proprietary database
• Ensure quality and integrity of the data inputs through reasonability checks
• Assist with development of junior staff
• Assist in client reports production for a variety of our portfolios and ensuring quality and timliness thereof; internal as well as external coordination regarding the content of the individual reports
• Perform other duties as requested or as responsibilities dictate
• Continuously work towards improving the overall process through efficiencies and collaboration
• Review and perform monthly IRR checks to ensure these are within expectation and highlight areas where this is not achieved with the relevant internal teams
• Actively be involved in the Onboarding and Offboarding of Funds from inception to liquidation

Education and/or Work Experience Requirements:

• 4-6 years in a comparable role
• Bachelor degree in finance, Accounting or mathematical-related subject

Required Knowledge, Skills, and Abilities

• Demonstrates commitment, accuracy and attention to detail, even in a high-volume, fast-paced environment
• Highly motivated with a passion for the industry
• Knowledge of the private debt- / private equity- or hedge-fund sectors
• Experience in audit, fund accounting and/or custody in one of the above sectors
• Passion for fast-paced learning, especially in a technology-enabled environment
• Good analytical skills with a flair for processes as well as good IT skills
• Takes initiative and ownership of responsibilities assigned
• Ability to prioritize activities while working on multiple projects and achieve target deadlines
• Strong interpersonal, collaborative and Investor servicing skills
• Promote and demonstrate a positive, team‑oriented attitude
• Effective communication skills and strong problem solving skills
• Highly proficient in using Excel, Word, and other Microsoft office programs
• Experience with FX hedging and complex fee calculation models

Other Attributes:

• Experience with Investran a plus
• Possess an accreditation like an ACCA, ACA, CFA, CPA, CIA, or CAIA
• Passion for fast-paced learning, especially in a technology-enabled environment
• Strong analytical skills with a flair for processes as well as good IT skills

At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Candidates must be at least 18 years old to apply.