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Fund Accountant
The New York Consulting Group
New York (NY)
On-site
USD 78,000 - 201,000
Full time
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Job summary
A leading consulting group in New York seeks a talented Fund Accountant to support hedge fund and private equity operations. This role offers an opportunity to work with complex investment vehicles in a collaborative finance environment, requiring strong accounting skills and attention to detail. Join a high-performing team with clear advancement opportunities.
Benefits
Qualifications
- 8–10 years of fund accounting experience in alternative investments required.
- Advanced proficiency in fund accounting systems and strong Excel skills needed.
- CPA or similar qualification is a plus.
Responsibilities
- Oversee financial integrity of alternative investment funds.
- Manage full accounting cycle including NAVs and investor allocations.
- Support year-end audit processes and maintain internal controls.
Skills
Education
Tools
Job description
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Are you passionate about alternative investments and thrive in a fast-paced, collaborative finance environment? We are looking for a talented Fund Accountant to join our dynamic team and play a vital role in supporting our hedge fund and private equity operations. This is an excellent opportunity for an experienced accounting professional to work with a variety of complex investment vehicles and be part of a high-performing finance group with opportunities for advancement.
About the Opportunity
Are you passionate about alternative investments and thrive in a fast-paced, collaborative finance environment? We are looking for a talented Fund Accountant to join our dynamic team and play a vital role in supporting our hedge fund and private equity operations. This is an excellent opportunity for an experienced accounting professional to work with a variety of complex investment vehicles and be part of a high-performing finance group with opportunities for advancement.
Role OverviewAs a Fund Accountant specializing in alternate asset management, you will be responsible for overseeing the financial integrity of our funds. You will work closely with portfolio managers, operations, auditors, and third-party administrators to deliver accurate, timely, and compliant financial information.
You will be involved in all aspects of fund accounting—from daily reconciliations to preparing quarterly and annual financial statements—and will gain exposure to complex partnership structures, investor allocations, and sophisticated waterfall models.
Key Responsibilities- Manage the full accounting cycle for a portfolio of alternative investment funds, including hedge funds and private equity.
- Perform daily, weekly, and monthly reconciliations of investment activity, portfolio positions, and cash balances.
- Calculate and report Net Asset Values (NAVs) and partner capital accounts, ensuring accuracy and compliance with industry standards.
- Process capital calls, distributions, subscriptions, and redemptions, including preparation of related investor notices and statements.
- Support the preparation and review of financial statements in accordance with GAAP and/or IFRS.
- Assist with year-end audit processes and respond to auditor inquiries.
- Maintain and enhance internal controls and best practices within the fund accounting function.
- Collaborate with internal teams (operations, legal, compliance) and external partners (administrators, auditors) to resolve accounting and reporting issues.
- Participate in ongoing process improvements and system implementations to optimize efficiency.
- 8–10 years of progressive fund accounting experience within alternative investments (hedge funds, private equity, venture capital, or similar).
- Deep knowledge of fund structures, waterfall calculations, investor allocations, and industry best practices.
- Advanced proficiency in fund accounting systems (e.g., Investran, eFront, Allvue) and strong Excel skills.
- Proven track record preparing financial statements and working with auditors under GAAP/IFRS.
- Strong attention to detail, analytical and problem-solving abilities, and capacity to meet tight deadlines.
- Excellent written and verbal communication skills.
- Bachelor’s degree in Accounting, Finance, or related field; CPA or similar qualification is a plus.
- Be part of a collaborative and knowledgeable team that values integrity, transparency, and innovation.
- Gain exposure to a wide range of complex funds and alternative investment strategies.
- Opportunity to contribute to strategic process improvements and technology initiatives.
- Competitive compensation and benefits package.
- Supportive environment with clear opportunities for career development and advancement.
If you are eager to make an impact in the alternative investments industry and have the experience outlined above, we encourage you to apply today with your resume and cover letter.
- Seniority levelNot Applicable
- Employment typeFull-time
- Job functionAccounting/Auditing and Finance
- IndustriesIT Services and IT Consulting
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