Director Fund Accounting - PE

Atlas Search; New York (NY); Hybrid; USD 150,000 - 210,000; Full time

Benefits offered by this job

Hybrid work schedule

Job summary

Atlas Search in New York is seeking an experienced Fund Accounting Director to lead day-to-day accounting and reporting for multiple Private Equity funds. The role involves complex waterfall calculations, investor allocations, and capital activity, with hands-on involvement in financial statements and fund reporting.

You will manage and mentor fund accounting professionals, interact with clients and auditors, and drive process improvements within a large alternative investment platform.

Qualifications

• 7+ years' fund accounting experience, preferably supporting Private Equity funds.
• Experience with Private Equity manager, alt investment firm, or fund administrator.
• Strong knowledge of Private Equity fund structures and partnership accounting.
• Advanced experience preparing and reviewing waterfall calculations.
• Experience reviewing financial statements and investor reporting under US GAAP.
• Ability to interpret LPAs and partnership agreements; supervisory experience.

Responsibilities

• Oversee day-to-day accounting and administration of multiple Private Equity funds.
• Review NAVs, investment activity, accruals, financial statements, and investor allocations.
• Prepare and review complex waterfall calculations, including carried interest and waterfalls.
• Review capital calls, distributions, management fees, and other partnership activity.
• Review fund governing documents and LPAs to ensure calculations and allocations align with terms.
• Oversee quarterly and annual financial reporting under US GAAP.
• Serve as senior point of contact for clients, auditors, and external parties.
• Lead, manage, and mentor fund accounting professionals across levels.
• Review team deliverables and provide final sign-off before senior management.
• Identify opportunities to improve accounting processes and controls.

Skills

Advanced Excel

Client facing

Leadership

Tools

Fund accounting software

Job description

We are working with a leading global private capital platform that is looking to add an experienced Fund Accounting Director to its New York team.

This is a senior, hands-on fund accounting leadership role focused on Private Equity funds. The Director will oversee the day-to-day accounting and reporting for multiple fund relationships while remaining closely involved in complex technical work, including waterfall calculations, investor allocations, capital activity, financial statements, and fund reporting.

The position offers significant exposure to senior client contacts and the opportunity to lead and develop a team within a large, established alternative investment platform.

Responsibilities

• Oversee the day-to-day accounting and administration of multiple Private Equity funds
• Review NAVs, investment activity, accruals, financial statements, and investor allocations
• Prepare and review complex waterfall calculations, including carried interest and distribution waterfalls
• Review capital calls, distributions, management fees, and other partnership activity
• Review fund governing documents and LPAs to ensure calculations and allocations are completed in accordance with fund terms
• Oversee quarterly and annual financial reporting under US GAAP
• Serve as a senior point of contact for clients, auditors, attorneys, banks, and other external parties
• Lead, manage, and mentor fund accounting professionals across multiple levels
• Review team deliverables and provide final sign-off prior to senior management review
• Identify opportunities to improve accounting processes, reporting, controls, and overall efficiency

Qualifications

• 7+ years of fund accounting experience, preferably supporting Private Equity funds
• Experience working within a Private Equity manager, alternative investment firm, or fund administrator
• Strong knowledge of Private Equity fund structures and partnership accounting
• Advanced experience preparing and reviewing waterfall calculations
• Strong experience with investor allocations, capital calls, distributions, and carried interest
• Experience reviewing financial statements and investment company reporting under US GAAP
• Ability to interpret LPAs, partnership agreements, and other fund governing documents
• Prior supervisory and team management experience
• Strong client-facing and communication skills
• Advanced Excel skills

Why Consider This Opportunity

This is an opportunity to join a large and growing alternative investment platform while working directly with sophisticated Private Equity sponsors and complex fund structures.

The role provides a

Location: New York City combination of technical accounting, team leadership, client exposure, and hands-on Private Equity fund work, with continued opportunity for growth within the organization.

Schedule: Hybrid, 3 days per week in office