Fund Accounting Manager – Private Equity / Private Markets

Quest Recruitment; Dublin; On-site; EUR 90,000 - 120,000; Full time

Job summary

Quest Recruitment is seeking an experienced Fund Accounting Manager for a Private Equity / Private Markets portfolio in Dublin. The role combines technical fund accounting oversight with client management, team leadership and on-time reporting.

You will oversee NAVs, capital calls, distributions and waterfall calculations for a portfolio of PE and Private Credit funds, collaborate with managers, administrators and auditors, and coach junior staff to strengthen controls and processes.

Qualifications

• Qualified accountant (ACA/ACCA or equivalent) with strong technical grounding in alternative investments.
• Experience in Fund Administration / Fund Accounting or Audit with PE/Private Credit exposure.
• Knowledge of fund mechanics, NAV, capital calls and investor reporting.

Responsibilities

• Oversee preparation and review of NAVs and related fund accounting deliverables.
• Lead a portfolio of Private Equity and Private Credit funds, providing senior client contact on accounting matters.
• Coach and develop fund accounting staff and ensure strong controls and timely reporting.

Skills

Fund accounting

Team leadership

Client management

Education

ACA/ACCA or equivalent

Tools

Investran

Geneva

Job description

Fund Accounting Manager – Private Equity / Private Markets

An excellent opportunity has arisen for an experienced funds professional to join a growing alternative investments business in Dublin in a Fund Accounting Manager position.

This role will suit an experienced fund accounting professional with strong exposure to Private Equity or other closed-ended alternative funds. We are also particularly interested in speaking with qualified accountants coming from a leading audit firm who have substantial hands-on audit experience across Private Equity, Private Credit or similar private-market fund structures.

You do not necessarily need to have held the title of Fund Accounting Manager previously. If you have developed a strong technical understanding of how private-market funds operate through your audit portfolio, this could provide an opportunity to move directly into a senior fund accounting position.

The Role

You will take responsibility for a portfolio of alternative investment funds and play a senior role within the fund accounting function. The position combines technical fund accounting oversight, client management, team leadership and responsibility for the quality and timely delivery of fund reporting.

Key responsibilities will include:

• Overseeing the preparation and review of NAVs and associated fund accounting deliverables.
• Taking senior responsibility for a portfolio of Private Equity, Private Credit and/or other alternative investment structures.
• Acting as a senior point of contact for clients on accounting, NAV, valuation and reporting matters.
• Reviewing capital calls, distributions, investor allocations and capital account activity.
• Overseeing management fee, performance fee, carried interest and waterfall calculations where applicable.
• Reviewing financial statements, investor reporting and supporting accounting schedules.
• Reviewing fund documentation for new launches and assessing accounting and operational requirements.
• Working closely with investment managers, administrators, auditors, boards and other internal and external stakeholders.
• Investigating accounting or operational issues and ensuring appropriate resolution.
• Maintaining a strong control environment and ensuring procedures and review standards are consistently applied.
• Managing, coaching and developing members of the fund accounting team.
• Contributing to process improvement and broader operational initiatives within the business.

Private Equity / Private Credit Experience

The client recognises that relevant private-markets experience can be gained in different environments.

As a result, applications are welcomed both from experienced fund accounting professionals and from qualified auditors within leading audit firms who have developed significant Private Equity, Private Credit or alternative funds experience.

For audit candidates in particular, your CV should make the underlying fund mechanics you have worked with clear. Relevant experience may include:

• Auditing or reviewing Private Equity, Venture Capital, Private Credit and other alternative investment funds, including limited partnerships, ICAVs, SPVs, master-feeder structures, DACs and other closed-ended vehicles.
• Reviewing complete NAV packs and supporting accounting records, including trial balances, reconciliations, accruals, valuation support, investor activity, fee calculations and financial reporting schedules.
• Reviewing capital calls, distributions, investor allocations and capital account movements across closed-ended funds.
• Reviewing investor reporting, including capital statements, partner statements, investor notices and associated fund reporting.
• Interpreting LPAs, partnership agreements, offering documents, subscription documentation and side letters in relation to fees, allocations, investor activity and reporting.
• Reviewing management fees, performance fees, carried interest, waterfall and equalisation calculations and assessing their consistency with the underlying fund documentation.
• Reviewing Level 3 and illiquid investment valuations, including DCF models, comparable company analysis, EBITDA or revenue multiples, discount rates, forecast cash flows, exit assumptions and liquidity or marketability adjustments.
• For Private Credit exposure, reviewing loan agreements and accounting for accrued interest, PIK interest, repayments, amortisation, unfunded commitments, expected credit losses and related valuation and financial statement disclosures.
• Working directly with investment managers, fund administrators, valuation specialists, boards and other professional advisers to resolve accounting, valuation, NAV, capital activity and investor-reporting matters.
• Presenting significant accounting, audit or valuation matters to senior stakeholders or boards.
• Supervising and reviewing junior team members across fund audit, accounting or financial reporting engagements.

What We’re Looking For:

You are likely to be a qualified accountant (ACA, ACCA or equivalent) with a strong technical grounding in alternative investments.

Candidates may come from either:

Fund Administration / Fund Accounting – with established experience managing or reviewing Private Equity, Private Credit or other alternative funds;

or

Audit – ideally from a Big 4 or other leading audit practice, where you have managed or played a senior role on audits of Private Equity, Private Credit or comparable alternative investment funds.

You should be able to demonstrate a genuine understanding of private-market fund mechanics rather than simply having alternative funds listed amongst a broader portfolio.

Experience of fund accounting platforms such as Investran, Geneva or comparable systems would be advantageous, although candidates coming directly from audit are not expected to have identical systems experience.

Strong client-management, communication and people-management skills will be important, together with the ability to explain technical accounting and fund matters clearly to both specialist and non-specialist stakeholders.

Coming From Audit?

Don’t rule yourself out because your CV doesn’t currently say “Fund Accounting”.

Many auditors working with Private Equity and Private Credit funds have considerably more relevant fund accounting experience than is immediately apparent from their CV.

If you have been reviewing NAVs, capital calls and distributions, waterfalls and carried interest, fund documentation, Level 3 valuations, investor allocations or Private Credit accounting as part of your audit work, make that experience explicit in your application.

The hiring team is prepared to consider strong audit candidates who can demonstrate that they understand the underlying mechanics of private-market funds and are ready to transfer that knowledge into an operational fund accounting environment.

Interested?

This is an excellent opportunity for an experienced alternative funds professional – or a strong Private Equity / Private Credit auditor looking to move out of practice – to take the next step into a senior fund accounting position.