Fund Accounting Director

Gen 2 Careers; Boston (MA); Hybrid; USD 135,000 - 190,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits package

Hybrid work schedule

Job summary

Gen II Fund Services, LLC is seeking a Fund Accounting Director to lead and mentor teams across multiple sponsors, ensuring accurate, timely reporting and compliance with US GAAP. You will oversee capital calls, distributions, and waterfall calculations, while maintaining strong client relationships and driving process improvements.

Hybrid work arrangement in the US. The role requires 7+ years of fund accounting experience and 5+ years of supervisory leadership, with a bachelor’s degree in

Qualifications

• 7+ years of fund accounting experience in a Private Equity Fund or similar financial institution.
• 5+ years of supervisory experience.
• Bachelor’s degree in Accounting, Finance, or Economics.
• Advanced Mezzanine/Credit/Loan Origination investment experience preferred.
• Advanced knowledge of US GAAP reporting for investment funds/investment companies.

Responsibilities

• Direct day-to-day accounting and fund administration for multiple investment sponsors.
• Hands-on involvement in preparing workpapers, investments, accruals, financial statements with footnotes, and investor allocations.
• Heavy client interaction on a daily basis, including executive-level communications.
• Maintain relationships with client contacts, auditors, lawyers, and banking personnel.
• Lead, direct, and coach Staff Accountants across several levels.
• Oversee setup of Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and sign-off before MD review.
• Manage special projects as required.

Skills

Fund accounting leadership

Supervisory experience

US GAAP knowledge

Waterfall modeling

PIK/OID calculations

Client relationship management

Strong communication

Attention to detail

Team coaching

Education

Bachelor’s degree in Accounting, Finance, or Economics

Tools

Microsoft Excel

Word

PowerPoint

Outlook

Job description

Who is Gen II?

With offices in the US and Europe, we’re looking for do-ers, problem-solvers, and entrepreneurs like you who want to make an impact in our industry, grow with us, and create a community where everyone thrives.

Careers mean more at Gen II – more opportunity, more innovation, and more ideas! You’ll have the opportunity to grow in ways that are meaningful to you and work alongside some of the best people in their field. You’ll also receive training which will advance your skill set, both technically and personally allowing you to achieve your career aspirations with us. Be part of our community that recognizes achievements, promotes from within, and receive meaningful benefits which focus on your physical, mental and financial well-being.

Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund AccountingDirector to join our growing team. At Gen II, you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor teams supporting top-tier sponsors while driving process improvements, expanding your expertise, and contributing to the continued success of one of the industry's most respected platforms.

Your leadership will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.

Key Responsibilities

• Direct the day-to-day accounting and fund administration for multiple investment sponsors
• Extensive hands-on involvement in preparing and reviewing workpapers, investments, accruals, financial statements with footnotes and investor allocations
• Heavy client interaction daily
• Frequent communication with clients at the executive level
• Maintain a working relationship with all client contacts, auditors, lawyers, and banking personnel
• Lead, direct, and coach team of Staff Accountants at several levels
• Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and sign off prior to Managing Director review
• Manage special projects, when required

Qualifications:

• 7+ years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the candidate has gained financial products knowledge
• 5+ years of supervisory experience
• Bachelor’s degree in Accounting, Finance, or Economics
• Advanced Mezzanine/Credit/Loan Origination investment experience preferred
• Comfortable with PIK/OID calculations
• Advanced experience in preparing capital calls and distributions including complicated waterfall models
• Very comfortable in understanding and navigating through Partnership Agreements, legal documents, and Investment Agreements
• Advanced knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in USGAAP
• Strong written and verbal communication skills
• Technical Knowledge and Business Acumen
• Ability to learn on-the-job quickly, apply learning to clients and recommend solutions to issues
• Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
• Excellent verbal, written and interpersonal communication skills
• Strong attention to detail and accuracy
• Superior problem solving, judgment and decision-making skills
• Ability to think independently, prioritize, multi-task and meet deadlines
• Extensive Microsoft suite skills - Excel (pivots), Word, PowerPoint, and Outlook
• Strong leadership skills and management skills

The salary range for this position is $135,000 - $190,000, in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.

Work Arrangement

All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule, comprised of three (3) days a week in our office and two (2) days remotely.

https://gen2fund.com/candidate-privacy-statement/

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.