Fund Accounting Associate

Nextera Search; New York (NY); On-site; USD 80,000 - 110,000; Full time

Job summary

Nextera Search is seeking an experienced Fund Accounting Associate in New York City to join a leading financial services firm. You will support monthly, quarterly, and year-end closes for a range of investment vehicles and coordinate with internal teams and external service providers.

Responsibilities include preparing and reviewing fund accounting deliverables, NAV calculations, financial reporting, investor allocations, and related schedules.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 4–6 years of progressive accounting experience within financial services, including fund accounting or related areas.
• Experience supporting investment management or alternative investments.
• Strong understanding of fund accounting principles, financial reporting, and month-end close processes.
• Big Four public accounting experience is a plus.
• CPA designation or active pursuit of CPA is preferred.

Responsibilities

• Support monthly, quarterly, and year-end close processes for various investment vehicles in coordination with internal teams and external service providers.
• Prepare and review fund accounting deliverables, including financial reporting, investor allocations, and supporting schedules.
• Assist with calculation and review of fund-level fees, performance allocations, and other accounting analyses.
• Support capital activity, including investor subscriptions, redemptions, distributions, and related reporting.
• Review fund expenses, accruals, and reconciliations for accuracy and policy compliance.
• Assist in preparation and review of periodic NAV calculations, financial analyses, and performance reporting.
• Participate in quarterly and annual GAAP financial statements and supporting documentation.
• Collaborate with auditors, administrators, and internal groups to support reporting requirements.
• Identify opportunities to improve accounting processes and controls for efficiency.
• Assist with special projects and ad hoc reporting as needed.

Skills

Fund accounting

Financial reporting

Month-end close

GAAP knowledge

Education

Bachelor's degree in Accounting/Finance

Job description

A Financial Services Firm based in New York City is seeking an experienced accounting professional to join their team as a Fund Accounting Associate.

Responsibilities:

• Support the monthly, quarterly, and year-end close processes for a variety of investment vehicles in coordination with internal teams and external service providers.
• Prepare and review fund accounting deliverables, including financial reporting, investor allocations, and supporting schedules.
• Assist with the calculation and review of fund-level fees, performance allocations, and other accounting-related analyses.
• Support capital activity, including investor subscriptions, redemptions, distributions, and related reporting.
• Review fund expenses, accruals, and account reconciliations to ensure accuracy and compliance with established policies.
• Assist in the preparation and review of periodic NAV calculations, financial analyses, and performance reporting.
• Participate in the preparation and review of quarterly and annual GAAP financial statements and supporting documentation.
• Partner with auditors, administrators, and internal business groups to support reporting requirements and operational initiatives.
• Identify opportunities to improve accounting processes, enhance controls, and support ongoing operational efficiencies.
• Assist with special projects and other ad hoc reporting as needed.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field required.
• 4-6 years of progressive accounting experience within financial services, including fund accounting, public accounting, or a combination of both.
• Experience supporting investment management, alternative investments, or other financial services organizations preferred.
• Strong understanding of fund accounting principles, financial reporting, and month-end close processes.
• Big Four public accounting experience is a plus.
• CPA designation or active pursuit of a CPA license is preferred.