Fund Accounant

The Third Group; St. Louis (MO); On-site; USD 65,000 - 90,000; Full time

Job summary

The Third Group in Saint Louis seeks a detail-oriented Fund Accountant to join our investment operations team. This role focuses on NAV production, investor reporting, and GAAP-compliant fund accounting within a fast-paced private equity environment.

You will manage daily accounting for funds, assist with monthly NAVs, and support audit and tax processes. Ideal candidates have 1–3 years in accounting and familiarity with fund software.

Qualifications

• 1–3 years of accounting experience.
• Experience with fund accounting preferred.
• Pursuing CPA encouraged.

Responsibilities

• Handle daily accounting for funds, including transactions and reconciliations.
• Assist NAV production and monthly/quarterly reporting to investors.
• Maintain and reconcile general ledgers for multiple fund entities in GAAP.
• Support audit, tax coordination, and regulatory compliance tasks.

Skills

Accounting fundamentals

Excel proficiency

Fund accounting exposure

Education

Bachelor's degree in Accounting/Finance

CPA encouraged

Tools

Investran

Allvue

MRI

Job description

The Opportunity

We are seeking a detail-oriented and motivated Fund Accountant to join our growing investment operations team in St. Louis. This role is designed for a technical professional who thrives in a fast-paced financial environment and is looking to build a career in private equity, venture capital, or hedge fund accounting.

You will be responsible for the day-to-day accounting operations of our investment vehicles, ensuring that Net Asset Value (NAV) calculations, investor reporting, and financial statements are delivered with total precision. This position offers a unique opportunity to gain exposure to complex investment structures while working in a collaborative, professional environment in one of the Midwest’s key financial hubs.

Core Responsibilities

1\. Fund Accounting & NAV Production

• Daily Operations: Perform daily accounting functions for assigned funds, including recording investment transactions, reconciling bank accounts, and tracking income and expenses.


• NAV Calculation: Assist in the production of monthly and quarterly Net Asset Values (NAV), ensuring all portfolio valuations and fee accruals are accurate.


• General Ledger: Maintain the general ledger for multiple fund entities, performing complex reconciliations and ensuring all entries adhere to GAAP.

2\. Investor Services & Distributions

• Capital Tracking: Process capital calls and distribution notices, ensuring investor records are updated and funds are moved accurately across accounts.


• Waterfall Analysis: Support the calculation of distribution waterfalls and carried interest in accordance with fund legal documents.


• Inquiry Management: Assist in responding to investor inquiries regarding statements, tax documentation, and fund performance.

3\. Audit & Tax Support

• Audit Preparation: Work closely with the Senior Fund Accountant and Associate Director to prepare workpapers and documentation for annual fund audits.


• Tax Coordination: Assist in the gathering of data for the preparation of Schedule K-1s and annual tax filings.


• Compliance: Ensure all accounting activities remain compliant with internal policies and external regulatory requirements.

4\. Systems & Process Improvement

• Data Integrity: Maintain accurate data within our fund accounting software and internal reporting tools.


• Efficiency Gains: Identify opportunities to streamline manual workflows through automation or improved use of Excel and accounting platforms.

The Ideal Profile

• Professional Experience: 1–3 years of accounting experience. Previous exposure to fund accounting, audit, or financial services is preferred but not required for high-potential candidates.


• Technical Skills: Strong understanding of basic accounting principles (Debits/Credits, Financial Statements).
  
  
  • High proficiency in Microsoft Excel (VLOOKUPs, Pivot Tables).
  
  
  • Exposure to fund accounting software (e.g., Investran, Allvue, or MRI) is a plus.
  
  
  
  


• Education: Bachelor’s degree in Accounting or Finance is required; pursuit of a CPA is encouraged.


• Attributes: Exceptional attention to detail, a strong work ethic, and the ability to manage multiple deadlines in a high-pressure environment.