Fund Accounting Director

Gen II Fund Services, LLC.; New York (NY); Hybrid; USD 135,000 - 190,000; Full time

Job summary

Gen II Fund Services, LLC, a leading tech-enabled private equity fund administrator, is seeking a Fund Accounting Director to lead day-to-day fund accounting for multiple sponsors and mentor teams of staff accountants.

The role offers a hybrid work arrangement in the United States, with three days in the office and two remote. Salary ranges from $135,000 to $190,000, plus discretionary bonus and comprehensive benefits, reflecting experience level and responsibilities across the fund lifecycle.

Qualifications

• 7+ years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution.
• 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

Responsibilities

• Direct the day-to-day accounting and fund administration for multiple investment sponsors.
• Hands-on involvement in preparing and reviewing workpapers, investments, accruals, financial statements with footnotes and investor allocations.
• Heavy client interaction daily and frequent executive-level communication.
• Maintain relationships with client contacts, auditors, lawyers, and banking personnel.
• Lead, direct, and coach team of Staff Accountants at several levels.
• Oversee initial setup of Client Funds deliverables and sign off before MD review.
• Manage special projects when required.

Skills

Fund accounting

Supervisory experience

US GAAP

Communication skills

Leadership

Attention to detail

Education

Bachelor’s degree in Accounting, Finance, or Economics

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.