Fund Accounting Manager

Atlas Search; Boston (MA); Hybrid; USD 110,000 - 150,000; Full time

Job summary

Atlas Search in Boston is seeking a Fund Accounting Manager to oversee day-to-day accounting for private investment funds, ensuring accuracy under US GAAP and complex fund structures.

You will lead junior staff, manage capital calls, distributions, waterfalls, and reporting, coordinating with auditors and investment teams in a hybrid Boston work environment.

This role offers broad exposure across private equity strategies and opportunities to improve processes and controls.

Qualifications

• Bachelor's degree required in accounting/finance.
• 4+ years in private equity/fund accounting.
• Strong understanding of ASC 946 and investment company accounting.

Responsibilities

• Oversee day-to-day accounting and operations for private investment funds and related entities.
• Take ownership of assigned funds with limited oversight from senior leadership.
• Review NAV calculations, general ledger activity, reconciliations, and supporting schedules.
• Review capital calls, distributions, allocations, fees, carried interest, waterfalls, and IRRs.
• Prepare and review quarterly and annual financial statements in accordance with US GAAP.
• Interpret fund documents (LPAs, side letters, agreements) to determine accounting requirements.
• Support accounting for complex fund structures (parallel funds, SPVs, co-investments).
• Oversee new fund launches and initial setup of accounting/reporting processes.
• Coordinate with auditors, tax professionals, investment teams, and other stakeholders.
• Mentor and review work of junior accounting professionals.
• Identify opportunities to improve processes, controls, and reporting.

Skills

Fund accounting

Private equity

ASC 946

GAAP knowledge

Education

Bachelor's degree in Accounting or Finance

Job description

Fund Accounting Manager - Private Equity | Hybrid Boston

A leading alternative investment platform is seeking a Fund Accounting Manager to join its growing private markets accounting team. This position offers broad exposure across the private equity fund lifecycle and a variety of investment strategies, including private equity, credit, real estate, infrastructure, energy, and other alternative investments.

The Fund Accounting Manager will take ownership of day-to-day fund accounting and reporting, manage key client and stakeholder relationships, and oversee junior accounting professionals. The role requires strong technical fund accounting knowledge and hands‑on experience with complex private fund structures, capital activity, allocations, and financial reporting.

Key Responsibilities

• Manage the day-to-day accounting and operations for private investment funds and related entities.
• Take ownership of assigned funds with limited oversight from senior leadership.
• Oversee and review NAV calculations, general ledger activity, reconciliations, and supporting accounting schedules.
• Review capital calls, distributions, allocations, management fees, carried interest calculations, waterfalls, and IRRs.
• Prepare and review quarterly and annual financial statements in accordance with U.S. GAAP and applicable investment company accounting guidance.
• Review complex private equity transactions and ensure appropriate accounting treatment.
• Interpret LPAs, side letters, management agreements, fee agreements, and other governing documents to determine fund economics and accounting requirements.
• Support the accounting and reporting for complex fund structures, including parallel funds, blockers, SPVs, AIVs, co-investment vehicles, and management companies.
• Oversee new fund launches and the initial setup of accounting and reporting processes.
• Coordinate with auditors, tax professionals, investment teams, and other internal and external stakeholders.
• Manage, mentor, and review the work of junior accounting professionals.
• Identify opportunities to improve accounting processes, controls, reporting, and overall operational efficiency.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Approximately 4+ years of relevant private equity, private funds, investment management, or fund accounting experience.
• Strong understanding of investment company accounting and ASC 946.
• Hands‑on experience with private fund accounting, including capital calls, distributions, allocations, waterfalls, and financial reporting.