Fund Accountant

WhiteCap Search; New York (NY); Hybrid; USD 70,000 - 90,000; Full time

Job summary

WhiteCap Search is seeking a CPA with 2–4 years of accounting experience in financial services or private equity to join the Operations team in a hybrid New York setting. The role covers accounting, administration, and financial reporting for investment funds, with emphasis on accuracy and timely deliverables.

The successful candidate will handle capital calls, distributions, and fund-level reporting, working closely with partners and investors.

Qualifications

• CPA license required; 2–4 years combined public accounting and private experience in financial services/private equity is ideal.
• Strong GAAP knowledge; fund accounting concepts (capital calls, distributions) a plus.
• Experience with financial reporting and accounting issues impacting investment companies.
• Proficiency with Microsoft Office, especially Excel and related tools.

Responsibilities

• Assist with accounting, administration, and financial reporting for investment funds and advisory relationships.
• Support capital call and distribution calculations, including waterfall schedules.
• Track management fees, carried interest, and partner capital accounts.
• Assist with financial statements and annual audits for relevant funds.
• Develop and maintain internal spreadsheets tracking deal activity and portfolio metrics.
• Perform monthly/quarterly reconciliation of bank and brokerage accounts.
• Handle investor relations requests and confidential information.
• Support periodic internal and external reporting requests.

Skills

Energetic

Integrity

Personable

Detail orientation

Resourceful

Communication skills

Organization

Willingness to learn

Growth mindset

Education

CPA license

2–4 years accounting experience (public/private)

Tools

Microsoft Office

Excel

Word

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.