Fund Accountant/Administrator

VBeyond Corporation; Hackensack (NJ); On-site; USD 70,000 - 90,000; Full time

Job summary

A financial services firm is looking for an experienced Fund Accountant to work onsite in Hackensack, New Jersey. The ideal candidate will have a Bachelor's degree in accounting or finance, alongside 5 to 8 years of relevant experience preferably within Private Equity. Responsibilities include preparing NAV packages, supervising junior staff, and managing fund expenses. Strong communication and analytical skills are essential for success in this role.

Qualifications

• 5 to 8 years of related experience in portfolio partnership accounting or finance.
• Ability to manage multiple tasks/projects and deadlines simultaneously.

Responsibilities

• Prepare and review Monthly/Quarterly NAV packages.
• Record and review trade information and valuation of securities.
• Coordinate fund expense analysis and processing.
• Supervise and train junior new hires.

Skills

Fund accountant with Private Equity experience

Understanding of rebalancing

Knowledge of complex fund structures

Problem-solving skills

Interpersonal communication

Education

Bachelor’s degree in accounting or Finance

Tools

Microsoft Office

Job description

Need candidate who can work onsite from Day 1 (5 days a week)

Below are the key points/question you need to check with candidate on this role.

Key Skills required:

• Fund accountant with Private Equity experience
• Understanding how rebalancing works.
• Understanding of a complex fund structure that involves a master and feeder fund
• Blocker is or the purpose of a blocker?
• Side letter is or the purpose of a side letter?

Job Description:

Responsibilities

• Prepare and/or Review Monthly/Quarterly NAV packages
• Record/Review trade information, income/expense activity and applies valuation of securities in the portfolio accounting system
• Prepare/Review Processing of Capital Calls and Distributions
• Prepare/Review Allocation of Fund level profits and losses to individual investors for preparation and distribution of investor statements in accordance to Fund Legal Documents
• Prepare/Review Calculation of Management Fees and Carried Interest
• Review and coordinate fund expense analysis and expense processing
• Review of various Fund Legal Documents, including Limited Partnership Agreements, Side Letters, and Private Placement Memorandums
• Interaction and coordination with internal and external stakeholders including but not limited to clients, auditors, and other groups within client
• Supervise, train, and coach junior level new hires, including but not limited to providing technical and PC knowledge to them

Basic Qualifications:

• Bachelor’s degree in accounting, Finance or a business-related field or equivalent work experience
• 5 to 8 years of related experience, preferably in portfolio partnership accounting, finance or portfolio management

Preferred Skills / Experience

• Experience working at a Private Equity Fund Manager, Alternative Investment Manager, Fund Administrator, Custodian Bank and/or other financial institutions with relevant knowledge and experience
• Thorough knowledge in accounting reporting and analysis
• Ability to identify and resolve/escalate complex problems with minimal guidance
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Effective interpersonal, verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications