Fund Accounting Director

US Bank; Dublin; On-site; EUR 150,000 - 230,000; Full time

Job summary

U.S. Bank is seeking a Director of Fund Accounting to lead the full-service delivery for a portfolio of clients in private markets, including private debt and private credit. You will combine technical expertise with people leadership, client relationships and end-to-end service ownership.

The role requires oversight of NAVs, financial statements, allocations and investor reporting, while maintaining controls, governance and a high-quality client experience across multiple funds and structures.

Qualifications

• Significant fund accounting experience within private markets and related asset classes.
• Experience leading accounting teams and managing client governance.
• Strong understanding of closed/open funds, allocations and performance fees.
• Experience reviewing financial statements and audits under IFRS/US GAAP.
• Professional accounting qualification and strong English communication.

Responsibilities

• Lead, coach and develop a fund accounting team, promoting accountability and continuous improvement.
• Own end-to-end client delivery, coordinating across internal teams and providers.
• Build trusted client relationships and translate requirements into service plans.
• Oversee delivery of NAV calculations, statements, and investor reporting.
• Ensure accurate accounting for complex fund structures and performance allocations.
• Act as senior escalation point for clients and coordinate issue resolution.
• Lead governance meetings and provide transparent delivery reporting.

Skills

Fund accounting

Private markets

People leadership

Client relationship management

IFRS/US GAAP familiarity

Education

Professional accounting qualification

Tools

Advent Geneva

FIS allocation applications

CDO Suite

Wall Street Office

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

We are seeking an experienced Director of Fund Accounting to lead the full-service delivery of fund accounting and associated operational services for a portfolio of clients, with particular relevance to private debt and private credit. The successful candidate will combine strong technical fund accounting expertise with proven people leadership, client relationship management and end-to-end service ownership. This is a senior delivery role with accountability for the overall client experience, service quality, financial reporting, controls, cross-functional coordination, team development and the continued growth of our regulated and unregulated alternatives offering across private equity, private credit, real assets and other closed-ended structures.

Key Responsibilities

• Lead, coach and develop a team of fund accounting professionals, setting clear objectives and promoting a culture of accountability, collaboration and continuous improvement.
• Take end-to-end ownership of full-service client delivery, ensuring fund accounting and related operational services are coordinated effectively across internal teams and external service providers.
• Build trusted relationships with clients, understand their strategic and operational priorities, and translate those requirements into clear service plans, governance arrangements and measurable deliverables.
• Oversee the delivery of fund accounting services for private markets clients, including capital activity, loan activity, investment transactions, income and expense accruals, allocations, valuations and investor reporting.
• Review and approve periodic net asset value calculations, financial statements, partner capital statements, capital call and distribution notices, management reports and other client deliverables.
• Ensure complex fund structures, waterfalls, carried interest, partnership allocations, management and performance fees, equalisation, foreign currency activity and partner allocations are accounted for accurately in accordance with governing documents and applicable accounting standards.
• Oversee the accurate processing of commitments, drawdowns, repayments, interest, amendments, restructurings and distributions associated with loans and other private credit investments.
• Act as the senior escalation point for clients and coordinate timely resolution of service issues across fund accounting, investor services, financial reporting, middle office, technology, compliance and other relevant functions.
• Lead regular client governance and service-review meetings, providing transparent reporting on delivery, risks, incidents, actions, capacity and improvement initiatives.
• Maintain effective operational controls, review procedures, escalation protocols and risk‑management practices; ensure issues are identified, documented, communicated and resolved promptly.
• Manage service delivery against agreed deadlines and service levels, balancing priorities across multiple clients, funds and reporting cycles.
• Lead client onboarding, fund launches, restructures, system implementations and operational change initiatives, ensuring a controlled transition into business‑as‑usual delivery.
• Drive process improvement and automation, using data and technology to strengthen controls, improve scalability and enhance the client experience.
• Contribute to business development, client due diligence, fee proposals and the design of full‑service operating models for new products and mandates.
• Monitor team capacity, recruitment, performance and succession planning while supporting an inclusive, high‑performing working environment.
• Stay informed on relevant accounting, regulatory and industry developments affecting private markets funds and translate changes into practical operating requirements.

Candidate Profile

• Significant fund accounting experience within private equity, private debt, private credit, real estate, infrastructure or a related private markets environment.
• Demonstrated experience leading managers and accounting teams in a fund administrator, asset manager or comparable financial services organisation.
• Strong understanding of closed‑ended and open‑ended fund structures, regulated and unregulated alternatives, partnership accounting, commitments, drawdowns, distributions, waterfalls and performance allocations.
• Practical experience accounting for loans and preparing or reviewing partnership allocations, partner capital statements, capital call notices and distribution notices.
• Experience reviewing financial statements and supporting external audits under IFRS, US GAAP or other relevant accounting frameworks.
• Professional accounting qualification or equivalent relevant qualification and experience.
• Strong control mindset and attention to detail, with the ability to identify operational risk, challenge constructively and implement sustainable solutions.
• Confident and articulate communicator, with professional fluency in English and strong interpersonal, presentation and stakeholder‑influencing skills.
• Collaborative team player who builds effective working relationships and contributes positively across teams.
• Driven, organised and proactive, with the ability to manage competing priorities, make sound decisions and maintain quality in a deadline‑driven environment.
• Strong analytical and problem‑solving capability, with an ability to communicate complex matters clearly.
• Experience using fund accounting and private markets technology to support accurate, controlled and scalable client delivery.

Preferred Experience

• Exposure to regulated alternative investment funds, special purpose vehicles and multi‑jurisdictional structures.
• Hands‑on expertise using Advent Geneva is strongly preferred, together with experience of FIS allocation applications and familiarity with CDO Suite, Wall Street Office or comparable loan administration platforms.
• Experience managing large or complex client relationships and participating in governance or service‑review forums.
• Track record of delivering migrations, operating‑model changes, automation or technology transformation.
• Advanced Microsoft Excel skills; experience with other Microsoft products and Power Apps is desirable.
• Practical understanding of artificial intelligence in an operational environment, including the ability to identify use cases or create workflow agents.
• Commercial awareness, including experience with budgeting, resource planning and profitability management.

What We Offer

This role offers the opportunity to lead a key client‑service function, influence the development of our private markets capability and work with experienced colleagues across a growing business. We offer a collaborative environment, meaningful professional development and a competitive reward package aligned with the responsibilities of the role.

We welcome applications from candidates with varied backgrounds and experiences. If you meet most, but not all, of the criteria and believe you can make a strong contribution, we encourage you to apply.

Accessibility

We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.

Total Rewards

U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.

We offer a market‑competitive compensation package that includes:

• Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.

• Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.

• Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).

• Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.

• Employee recognition programs that celebrate achievements and milestones for all.

We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.

We encourage candidates to explore the full value of our offer, including monetary and non‑monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.

Closing Date

Posting may be closed earlier due to high volume of applicants.

We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.