Finance/Accounting Associate - Private Equity (NYC, Hybrid)

ZipRecruiter; New York (NY); Hybrid; USD 110,000 - 175,000; Full time

Job summary

A leading alternative investment firm seeks a Finance/Accounting Associate in New York for a hybrid role. The position involves supervising fund structures, preparing financial statements, and coordinating audits, offering growth opportunities in a collaborative environment. A Bachelor's degree and relevant experience in finance are required, with compensation reflecting the complexity of the role.

Benefits

100% company-paid healthcare

Paid-for lunch and dinner

Qualifications

• 2-6+ years of relevant experience in public accounting and private equity fund administration.
• Strong understanding of journal entries and financial statements.
• CPA preferred but not required.

Responsibilities

• Supervise third-party administrators for private equity fund structures.
• Prepare quarterly trial balances and financial statements.
• Coordinate year-end audits with external auditors.

Skills

Financial Reporting

Analytical Skills

Communication

Organizational Skills

Attention to Detail

Proactive Mindset

Education

Bachelor's Degree in Accounting, Finance, or related field

Tools

Microsoft Excel

Investran

Hazeltree

Sage

Job description

Job DescriptionJob Description

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: Finance/Accounting Associate – Private Equity (NYC, Hybrid)

Location: New York, NY (Hybrid – 3-4 days in the office)

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 but not required.

Compensation:

• Base Salary: $110,000 - $175,000
• Annual Bonus: Up to $30,000
• Comprehensive benefits package, including:
• 100% company-paid healthcare (no out-of-pocket costs)
• Paid-for lunch and dinner