Fund Accounting Manager

Ultimus Fund Solutions; Boston (MA); On-site; USD 120,000 - 170,000; Full time

Job summary

Ultimus Fund Solutions in Boston seeks a Manager, Fund Team to oversee day-to-day operations of client Funds and coordinate financial reporting and capital call/distribution processes, while interacting with General Partners.

This role requires advanced private equity accounting skills and leadership to guide staff and support Senior Management, with 5–7+ years supervisory experience and a CPA or MBA preferred.

Qualifications

• 5–7+ years of supervisory experience in accounting or related field.
• Bachelor’s Degree in Accounting or related field; MBA/MSA preferred.
• CPA license strongly preferred; experience with budgeting/forecasting.
• Proficient with Investran or similar partnership accounting software; strong Excel skills.

Responsibilities

• Oversee preparation and distribution of quarterly financial statements to Limited Partners.
• Oversee schedules to support general ledger balances in financial statements.
• Calculate and distribute capital call notices to Limited Partners.
• Interpret terms in Limited Partnership Agreement; review waterfall structures.
• Coordinate regulatory form filings and distributions to Limited Partners.
• Interact with General Partners and respond to their information requests.
• Ensure securities are wired correctly and amounts are appropriate.
• Calculate management fees for the fund and portfolio management services.
• Lead audits with auditors and provide required reports and confirmations.
• Provide leadership, training, and coaching to Fund Team staff.

Skills

Supervisory experience

Accounting

Financial reporting

Microsoft Excel

Education

Bachelor's Degree in Accounting

MBA/MSA in Accounting

Tools

Investran

Microsoft Excel

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