Fund Accountant

Initio Capital; New York (NY); On-site; USD 85,000 - 120,000; Full time

Job summary

Initio Capital is seeking a Fund Accountant in New York, NY. You will support the accounting, reporting, and operations of investment funds, ensuring accurate NAVs and investor statements. You’ll collaborate with finance, operations, and leadership to maintain records and assist audits.

The role requires strong fund accounting knowledge, GAAP, and experience with fund administration. Excellent analytical and communication skills are essential, with proficiency in Investran or eFront preferred.

Qualifications

• This position requires a bachelor’s degree in accounting/finance or a related field.
• Understanding of fund accounting principles and GAAP.
• Experience in investment accounting, fund administration, or general ledger accounting preferred.

Responsibilities

• Maintain daily and monthly fund accounting, including journal entries, reconciliations, and cash management.
• Prepare and review NAV calculations and fund performance reports.
• Support investor reporting, including quarterly statements and ad hoc requests.
• Reconcile fund accounts, bank statements, and investment transactions with internal records and custodians.
• Record capital calls and distributions accurately and timely.
• Assist with audits by providing schedules and reconciliations.
• Identify opportunities to streamline accounting processes and improve reporting accuracy.
• Prepare presentations for senior management and investor communications.

Skills

Fund accounting

GAAP

Analytical skills

Attention to detail

Communication skills

Education

Bachelor’s degree in Accounting/Finance

Tools

Investran

eFront

Job description

Full-time, Part-time, Contract, Temporary, Internship, Casual

Remote | New York, NY, United States

Fund Accountant – Initio Capital

Location: New York, NY
Employment Type: Full-Time
Estimated Compensation: $85,000 – $120,000 total annual compensation (varies by employer)

About This Posting

This job description represents a Fund Accountant position commonly found through the Career Launch AI Talent Network. It is provided to help job seekers understand the responsibilities and qualifications typically associated with fund accounting and investment operations roles. Actual openings may vary depending on employer needs.

Position Overview

Fund Accountants at Initio Capital support the accounting, reporting, and operational management of investment funds. These roles involve tracking fund performance, ensuring accurate reporting for investors, and collaborating with cross-functional teams such as finance, operations, and senior leadership. Fund Accountants play a critical role in maintaining accurate financial records, assisting with audits, and supporting overall fund administration.

Key Responsibilities

Maintain daily and monthly fund accounting, including journal entries, reconciliations, and cash management.

Prepare and review Net Asset Value (NAV) calculations and fund performance reports.

Support investor reporting, including quarterly statements and ad hoc requests.

Reconcile fund accounts, bank statements, and investment transactions with internal records and custodians.

Record capital calls, distributions, and portfolio activity accurately and in a timely manner.

Assist with audits, providing schedules, reconciliations, and supporting documentation to external auditors.

Conduct industry research and benchmarking for fund operations and accounting best practices.

Identify opportunities to streamline accounting processes and improve reporting accuracy.

Prepare presentations and analytical materials for senior management and investor communications.

Preferred Qualifications

Bachelor’s degree in Accounting, Finance, or a related field.

Understanding of fund accounting principles, GAAP, and investment structures.

Experience in investment accounting, fund administration, or general ledger accounting (private equity, venture capital, or hedge fund experience preferred).

Strong analytical skills and attention to detail.

Proficiency in accounting and fund management systems (e.g., Investran, eFront, or similar platforms).

Clear written and verbal communication abilities.

Interest in investment markets, portfolio management, and operational excellence.

About the Career Launch AI Talent Network

The Career Launch AI Talent Network provides job seekers with tools and resources to pursue opportunities similar to this role. Support may include:

Skills-based role matching

Resume customization and optimization

Guidance on outreach to hiring teams

Interview preparation for fund accounting, financial reporting, and investment operations roles