Accounting Associate - Private Equity (NYC, Hybrid)

Private Equity Fund; New York (NY); Hybrid; USD 110,000 - 175,000; Full time

Job summary

A leading alternative investment firm is looking for an Accounting Associate to join their team in New York City. This hybrid role involves overseeing financial processes for private equity funds, including capital allocations, financial reporting, and collaborating with auditors. The firm offers a dynamic environment with growth opportunities and a competitive compensation package.

Benefits

Annual Bonus up to $30,000

Paid-for lunch and dinner

Medical insurance

Vision insurance

401(k)

Pension plan

Qualifications

• Minimum 2-6 years experience in public accounting or private equity fund administration.
• Strong understanding of journal entries and financial reporting processes.
• CPA preferred but not required.

Responsibilities

• Supervise third-party administrators for private equity fund structures.
• Prepare quarterly trial balances and financial statements.
• Oversee capital allocations and collaborate with auditors.

Skills

Financial reporting

Analytical skills

Communication

Organizational skills

Education

Bachelor’s Degree in Accounting

Finance

Tools

Microsoft Excel

Investran

Hazeltree

Sage

Job description

Accounting Associate - Private Equity (NYC, Hybrid)

Accounting Associate - Private Equity (NYC, Hybrid)

This range is provided by Private Equity Fund. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$110,000.00/yr - $175,000.00/yr

Company Overview: Our client is a leading alternative investment firm with a strong presence in private equity. With decades of experience and a focus on value-driven investments, the firm is known for its dynamic culture, commitment to excellence, and collaborative environment. They provide employees with exceptional opportunities for growth, mentorship, and exposure to a wide range of investment strategies.

Title: Accounting Associate – Private Equity

Location: New York, NY (Hybrid)

Key Responsibilities:

• Supervise and collaborate with third-party administrators to review complex private equity fund structures, including multiple alternative investment vehicles, special purpose vehicles, blocker entities, continuation funds, and co-investments.
• Prepare and review quarterly trial balances, financial statements, and supporting work-paper packages for private equity control funds, including special purpose vehicles and blocker entities.
• Oversee capital allocations, capital contributions, and distributions, including carried interest calculations.
• Coordinate year-end audits, working closely with external auditors and providing necessary supporting documentation.
• Assist in the preparation of investor performance reports, including IRR calculations, and support investor relations teams in responding to investor inquiries.
• Work with deal teams to compile portfolio valuations quarterly, ensuring compliance with audit recommendations and standard industry practices.
• Regularly communicate and coordinate with various internal teams, including operations, treasury, and asset management, to support financial processes.
• Participate in process improvement and technology initiatives within the finance team.
• Handle ad hoc projects and cross-departmental initiatives as needed.

Qualifications:

• Bachelor’s Degree in Accounting, Finance, or a related field.
• 2-6+ years of relevant experience in public accounting and private equity fund administration or direct private equity accounting.
• Strong understanding of journal entries, financial statements, and financial reporting processes within private equity.
• Proficiency in Microsoft Excel; experience with Investran, Hazeltree, or Sage is a plus.
• Exceptional organizational, communication, and analytical skills.
• Proactive mindset with the ability to thrive in a fast-paced, team-oriented environment.
• Strong attention to detail and ability to handle confidential information with discretion.
• CPA preferred but not required.

Compensation:

• Annual Bonus: Up to $30,000
• Paid-for lunch and dinner

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Accounting and Financial Services

Referrals increase your chances of interviewing at Private Equity Fund by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Pension plan

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