Fund Accountant

WhiteCap Search; New York (NY); Hybrid; USD 39,000 - 72,000; Full time

Job summary

WhiteCap Search seeks a detail-oriented accounting/operations assistant in New York. The role focuses on internal reporting, bank reconciliations, and investor deliverables, supporting private equity fund activity.

The ideal candidate has 2–4 years in accounting within financial services or private equity, CPA license, strong GAAP knowledge, and proficiency in Excel/Office. A hybrid work setup is offered to accommodate both accounting and administrative tasks.

Qualifications

• 2–4 years of public accounting and private experience (financial services/private equity)
• Licensed CPA
• Strong academic record
• Experience with financial reporting and accounting for investment companies
• Familiarity with financial products including private/public securities and alternative assets
• Solid GAAP understanding; fund accounting exposure a plus
• Proficient with Microsoft Office applications

Responsibilities

• Assist with accounting, administration, and financial reporting for investment funds and advisory relationships
• Prepare and maintain internal performance reports and schedules
• Support capital calls and distributions calculations and waterfall schedules
• Track management fees, carried interest allocations, and partner capital accounts
• Assist with financial statement preparation and annual audits
• Develop and maintain deal activity workbooks and schedules
• Reconcile bank and brokerage accounts on a monthly/quarterly basis
• Manage investor relations requests and confidential information
• Support internal and external reporting requests as needed

Skills

Energetic

Integrity

Personable

Attention to detail

Resourcefulness

Communication skills

Organizational skills

Ownership

Growth mindset

Education

CPA license

Bachelor's degree in accounting/finance

Tools

Microsoft Excel

Microsoft Word

Outlook

Job description

This position offers an excellent hybrid opportunity to primarily assist the Operations team with a variety of accounting, administration, and operational matters. Key responsibilities include:

• Preparation and maintenance of internal performance reports and spreadsheets.
• Reconciliation of bank accounts and related activities.
• Timely preparation of ad hoc investor deliverables, including capital call and distribution notices.
• Preparation and maintenance of workbooks and schedules that track deal activity on private investments.

This position offers an excellent hybrid opportunity to primarily assist the Operations team with a variety of accounting, administration, and operational matters. Key responsibilities include:

• Preparation and maintenance of internal performance reports and spreadsheets.
• Reconciliation of bank accounts and related activities.
• Timely preparation of ad hoc investor deliverables, including capital call and distribution notices.
• Preparation and maintenance of workbooks and schedules that track deal activity on private investments.

Qualifications

• Education and Experience:

  • 2 to 4 years of a mix of public accounting (auditing entities in the financial services industry) and private experience (ideally in the private equity space).
  • Licensed CPA.
  • Strong academic record.
  • Experience with financial reporting and accounting issues impacting investment companies.
  • Familiarity with financial products, including private and public fixed income/equity securities, real estate, and alternative assets (e.g., hedge and private equity funds).
  • Strong understanding of GAAP; exposure to fund accounting concepts (capital calls, distributions, waterfalls, partner capital) is a plus.
  • Proficiency in the Microsoft Office suite (Outlook, Excel, Word, etc.).

• Skills and Personal Attributes:

  • Energetic.
  • High integrity and dependability.
  • Personable.
  • High attention to detail.
  • Resourcefulness.
  • Good communication skills (written and oral).
  • Exceptional organization and time management skills.
  • Desire to learn and ability to take ownership of a project/process.
  • Desire to grow and develop personally.

Responsibilities

• Assist with all accounting, administration, and financial reporting matters related to various investment funds, accounts, and other advisory relationships, ensuring timely, accurate, and complete preparation and maintenance of internal performance reports and spreadsheets.
• Support capital call and distribution calculations, including waterfall schedules.
• Track and record management fees, carried interest allocations, and partner capital accounts.
• Assist with the financial statement preparation process and annual audit for each relevant fund.
• Assist with the development and maintenance of internal spreadsheets to track deal-specific information and activity in connection with direct private equity and structured investment portfolios.
• Assist with the monthly and/or quarterly reconciliation of bank and brokerage accounts.
• Track investor relations requests (subscriptions, transfers) and related confidential investor information.
• Assist with periodic internal (investment team) and external (investor) reporting requests.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.