Fund Accounting Manager

Grant Thornton Advisors; New York (NY); On-site; USD 147,000 - 197,000; Full time

Job summary

Financeroles is seeking a Finance Transformation Manager within our Fund Accounting team in New York. You will oversee NAV production, fund financial reporting, and the internal control environment, directing audits and treasury functions for hedge, private equity, private debt, and real estate funds.

You will lead process improvements, drive automation, mentor staff, and collaborate with fund accountants and cross-functional professionals to ensure US GAAP compliance and accurate performance

Qualifications

• Bachelor’s degree in Accounting.
• CPA license required.
• 5+ years of Fund Accounting experience.
• Experience with US GAAP and fund reporting.

Responsibilities

• Oversee NAV production and fund financial reporting.
• Coordinate and lead the fund audit process with external auditors.
• Manage waterfalls, carried interest, and life-cycle of fund transactions.
• Ensure US GAAP compliance for funds and investments.
• Lead process improvements and drive automation.
• Mentor staff and manage billing hours.

Skills

Cross-functional collaboration

Analytical thinking

Attention to detail

Education

Bachelor’s degree in Accounting

CPA certification

Tools

Investran

Geneva

OneSource

DFIN Arc Reporting

Job description

As an integral member of the Finance Transformation, Fund Accounting Team, the Finance Transformation Manager will be responsible for overseeing the Fund’s NAV production and fund financial reporting, maintenance of the internal control environment, the internal and external audit process, as well as the treasury function. Fund structures could include but not limited to hedge funds, private equity funds, private debt funds, and real estate funds. You will collaborate with Fund Accountants and cross function experienced professionals.

Your day-to-day may include:

• Responsible for the month-end and quarterly NAV, including the pricing, financial reporting, and accounting of the Fund
• Coordinate and lead the Fund audit process working directly with external auditors to meet necessary reporting deadlines
• Manage and account for partnership transactions, including completing waterfall and carried interest calculations
• Manage and account for purchase and sales transactions through their life cycles
• Ensure that the Fund and its investments are treated for in accordance with US GAAP and other local GAAP as required
• Analytically review monthly/quarterly investment and fund performance data to measure historical performance to forecast future fund performance
• Produce cash flow, total rate of return and profitability analysis to support portfolio managers
• Prepare and monitor covenants and report to management on overall debt position
• Track tax strategies and ensure appropriate application within the fund and its investments
• Maintain an excellent and collaborative relationship with internal and external partners
• Lead the identification and implementation of process and system enhancements
• Seek to introduce automation and standardization to create a strong control environment
• Manage, develop, train, coach and mentor staff on projects and assess performance for engagement and year-end reviews
• Meet or exceed targeted billing hours (utilization)
• Other duties as assigned

You have the following technical skills or qualifications:

• Bachelor’s degree in Accounting
• Minimum 5 years of experience collaborating with other Fund Accountants and cross function experienced professionals
• CPA required
• Thorough knowledge of investment fund software such as Investran, Geneva, OneSource, DFIN Arc Reporting, etc.
• Thorough experience with complex investment and fund structures (master funds, blocker and standalone entities, feeder funds, liquidated funds, and newly commenced funds)
• Experience working with Fund Portfolio Managers and Controllers
• Experience assisting client service and marketing teams in client due diligence meetings, including presenting, and answering client questions
• Ability to work additional hours and/or travel as needed

The base salary range for this position is between $147,200 and $196,880. Placement within the pay range is at Grant Thornton’s discretion, and it is based on multiple factors, including but not limited to, job -related knowledge/skills, experience, business needs, progression within the role, geographic location, and internal equity. At Grant Thornton, compensation decisions are dependent upon the facts and circumstances of each position and candidate.