Fund Accounting Manager

Ultimus Fund Solutions; Boston (MA); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Ultimus Fund Solutions seeks a Manager, Fund Team to oversee daily fund operations, lead accounting staff, and coordinate with General Partners and auditors. You will guide complex private equity accounting processes, capital calls, distributions, and regulatory compliance.

The role requires strong leadership, coaching, and training skills, with a focus on delivering accurate financial reporting in a fast-paced fund environment.

Qualifications

• 5–7+ years’ supervisory experience in performance management, training and retention.
• Bachelor’s Degree in Accounting or related field required.
• MBA/MSA strongly preferred.
• CPA license preferred.
• Forecasting and budgeting experience desired.
• Proficient with Microsoft Office; Investran or similar software a plus.

Responsibilities

• Oversee day-to-day operations of client Funds and communicate with General Partners.
• Supervise Staff Accountant I/II, Senior Accountant I/II, and Associate Manager teams.
• Oversee quarterly financial statements for Limited Partners and fund performance.
• Prepare schedules to support general ledger balances and regulatory forms.
• Calculate and distribute capital calls and proceeds to Limited Partners.
• Interpret terms in the Limited Partnership Agreement and review waterfall structures.
• Coordinate audits and provide reports to auditors; support audit confirmations.

Skills

Supervisory experience

Coaching

Training

Talent acquisition

Client communication

Multitasking

Leadership

Education

Bachelor’s degree in Accounting or related field

MBA/MSA preferred

Tools

Investran

Job description

The Manager, Fund Team is responsible for overseeing the day-to-day operations of client Funds and communicate directly with the General Partners of the Funds. This position will require regular interaction with clients, team members and management. This position requires a mastery of complex private equity accounting skills, the ability to oversee the complete financial reporting and capital call/distribution process and direct oversight of Staff Accountant I, II (Fund), Senior Accountant I, II (Fund), Associate Manager team members. This position serves as a resource to members of the team, in addition to Senior Management, providing guidance, training and additional support as needed.

Responsibilities

• Oversee the preparation and distribution of quarterly financial statements to the Limited Partners to report information regarding the performance of the Fund
• Oversee the preparation of schedules to support the general ledger balances reported in the financial statements
• Calculate, prepare, and distribute capital call notices to the Limited Partners to notify them when contributions are due
• Understand and interpret terms set forth within the Limited Partnership Agreement
• Calculate and review complex waterfall structures
• Complete required regulatory forms to ensure the Fund complies with specific regulation requirements
• Calculate and distribute proceeds to Limited Partners to return capital owed to them
• Communicate directly with the General Partners and respond promptly to their requests to provide them with the information they require
• Review investment packages to confirm the securities purchased are wired to the correct beneficiary and are for the appropriate amounts
• Calculate management fees owed to the Management Company for the investment and portfolio management services they provide to the Fund
• Interact with auditors and provide them with reports/support to assist them during the audit
• Complete audit confirmations to satisfy procedures performed for the audits of the Limited Partners
• Ability to multi-task between different tasks, client deliverables and internal demands throughout the day
• Provide supervision, guidance and coaching to the team, including regular training support as needed
• Conduct ongoing team trainings while providing input as to the continued training opportunities at a global-company level
• Provide daily leadership across the team and the organization
• Additional duties as assigned by Senior Management

Requirements

• 5 – 7+ years’ supervisory experience in the following: performance management (including coaching, progressive discipline, performance review delivery etc.), training, talent acquisition and retention;5 – 7+ years’ (relevant) experience in Accounting or related field;
• Minimum of a Bachelor’s Degree in Accounting or related field
• Advanced degree (MBA or MSA) in Accounting or related field strongly preferred
• Certified Public Accountant (CPA) license is strongly preferred
• Experience in forecasting and budgeting during an accelerated growth period
• Proficient in Microsoft Office Suite with knowledge of Investran or other partnership accounting software a plus
• Ability to multitask, time management, attention to detail, planning and problem-solving skills required
• Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients an
• Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines