Fund Accounting Associate

Atlantic Group; New York (NY); Hybrid; USD 100,000 - 110,000; Full time

Job summary

Atlantic Group is hiring a Fund Accounting Associate in New York, NY for our client, supporting fund accounting, investment operations, and financial reporting within an alternative investment environment. This role will oversee accounting and operational activities for private market investments, including transaction processing, capital activity, financial reconciliations, and fund reporting.

The ideal candidate brings 3–5 years of experience in private equity or private credit fund

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CPA designation preferred.

Responsibilities

• Review fund accounting records and quarterly reporting packages for accuracy.
• Support middle- and back-office operations including investment transactions and reconciliations.
• Review capital calls, distributions, and investor allocations.
• Analyze management fees, valuations, and expense accruals.
• Prepare and review financial statements and supporting schedules.
• Collaborate with investment teams, fund administrators, and auditors.

Skills

Analytical skills

Quantitative skills

Organizational skills

Communication skills

Excel proficiency

Fund accounting knowledge

Reporting systems

Education

Bachelor's degree in Accounting/Finance

CPA preferred

Tools

Microsoft Excel

Fund accounting software

Job description

Job Overview - Fund Accounting Associate Compensation: $100,000 - $110,000/year + bonus Location: New York, NY (Remote) Schedule: Monday to Friday (Remote or Hybrid)

Atlantic Group is hiring a Fund Accounting Associate in New York, NY for our client, supporting fund accounting, investment operations, and financial reporting within an alternative investment environment. This role will oversee accounting and operational activities for private market investments, including transaction processing, capital activity, financial reconciliations, and fund reporting. The ideal candidate brings experience in private equity or private credit fund accounting, strong analytical skills, and an understanding of investment operations.

Responsibilities as the Fund Accounting Associate:

• Fund Accounting: Review fund accounting records, financial statements, and quarterly reporting packages to ensure accuracy and completeness.
• Investment Operations: Support middle- and back-office operations, including investment transactions, cash movements, and account reconciliations.
• Capital Activity: Review capital calls, distributions, investor allocations, and capital account statements.
• Financial Analysis: Analyze management fees, investment valuations, expense accruals, and distribution waterfall calculations.
• Financial Reporting: Prepare and review financial statements, supporting schedules, and documentation for periodic reporting and audits.
• Stakeholder Coordination: Collaborate with investment teams, fund administrators, auditors, and external service providers to support daily operations and reporting requirements.

Qualifications for the Fund Accounting Associate:

• Education: Bachelor's degree in Accounting, Finance, or a related field is required, certified Public Accountant (CPA) designation is preferred.
• Experience: 3-5 years of experience in public accounting, fund accounting, or investment operations is required, public accounting experience preferred.
• Industry Knowledge: Strong understanding of private equity, private credit, fund accounting, investment transactions, capital activity, and financial reporting is required.
• Technical Skills: Advanced proficiency in Microsoft Excel and experience with fund accounting, investment management, or financial reporting systems is required.
• Skills & Attributes: Strong analytical, quantitative, organizational, and communication skills with excellent attention to detail and the ability to manage multiple priorities in a collaborative, fast-paced environment are required.

Application Notice: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, Atlantic Group will keep your resume on file for future opportunities and may contact you for further discussion.