Fund Accounting Manager

The Third Group; St. Louis (MO); On-site; USD 77,000 - 104,000; Full time

Job summary

The Third Group is seeking a Fund Accounting Manager to oversee the full accounting cycle for multiple PE and real estate fund vehicles, including capital calls, distributions, investor allocations, and financial statement preparation. This role requires strong technical fund accounting knowledge and the ability to manage complex, multi-entity structures.

You will coordinate with fund administrators, auditors, and tax preparers, mentor accounting staff, and drive process improvements.

Qualifications

• Bachelor's degree in Accounting or Finance required; CPA strongly preferred.
• 4-7+ years of progressive fund accounting experience in private equity/real estate.
• Strong understanding of partnership accounting, waterfall calculations, and capital account maintenance.
• Experience with fund administrators and multi-entity/multi-fund structures.
• Knowledge of GAAP as it relates to investment companies and real estate.
• Proficiency in fund accounting software (Investran, eFront, Yardi or similar).
• Advanced Microsoft Excel skills.
• Strong leadership, organizational, and communication skills.

Responsibilities

• Oversee fund-level accounting for multiple private equity/real estate fund entities.
• Manage capital calls, distributions, investor allocations, and waterfall calculations.
• Prepare and review quarterly and annual financial statements with footnotes (GAAP).
• Calculate management fees, carried interest, and fund expenses.
• Oversee investor reporting and inquiries.
• Coordinate with fund administrators, auditors, and tax preparers.
• Support audits and K-1 preparation for investors.
• Oversee accounting for underlying investments and portfolio companies.
• Monitor compliance with partnership/LLC agreements and covenants.
• Assist with fund formation, closings, and structuring of new vehicles.
• Mentor and develop fund accounting staff; implement process improvements.
• Support ad hoc analysis for fund principals and senior leadership.

Skills

Fund accounting

Leadership

GAAP expertise

Excel

Communication

Multi-entity structures

Education

Bachelor's degree in Accounting or Finance

CPA preferred

Tools

Investran

eFront

Yardi Investment Management

Job description

Position Summary

The Fund Accounting Manager will be responsible for managing the full accounting cycle for multiple PE and real estate fund vehicles, including capital call and distribution processing, investor allocations, financial statement preparation, and coordination with fund administrators, auditors, and tax preparers. This role requires strong technical fund accounting knowledge and the ability to manage complex, multi-entity structures.

Key Responsibilities

• Oversee fund-level accounting for multiple private equity and real estate fund entities, including fund-of-funds and co-investment vehicles
• Manage capital call and distribution calculations, investor allocations, and waterfall calculations in accordance with fund governing documents
• Prepare and review quarterly and annual financial statements for funds, including footnote disclosures, in accordance with GAAP
• Calculate and review management fees, carried interest/promote calculations, and fund expense allocations
• Oversee investor reporting, including capital account statements, quarterly reports, and responses to investor inquiries
• Coordinate with third-party fund administrators, if applicable, to ensure accurate and timely fund accounting and reporting
• Manage relationships with external auditors and tax preparers, supporting annual audits and K-1 preparation for fund investors
• Review and oversee accounting for underlying real estate investments and portfolio companies, including consolidation and equity method accounting as applicable
• Monitor fund compliance with partnership/LLC agreements, credit facility covenants, and regulatory requirements
• Assist with fund formation, closings, and structuring of new investment vehicles
• Manage, mentor, and develop fund accounting staff, providing coaching and reviewing their work
• Identify and implement process improvements to streamline fund accounting and reporting workflows
• Support ad hoc analysis and reporting requests from fund principals, investors, and senior leadership

Qualifications

• Bachelor's degree in Accounting or Finance required; CPA strongly preferred
• 4-7+ years of progressive fund accounting experience, with direct experience in private equity and/or real estate fund structures
• Strong understanding of partnership accounting, waterfall/carried interest calculations, and capital account maintenance
• Experience working with fund administrators and coordinating multi-entity, multi-fund structures
• Knowledge of GAAP as it relates to investment companies, real estate, and equity method accounting
• Proficiency in fund accounting software (Investran, eFront, Yardi Investment Management, or similar) strongly preferred
• Advanced Microsoft Excel skills required
• Strong leadership, organizational, and communication skills
• Ability to manage multiple funds, deadlines, and stakeholder relationships simultaneously

Preferred Attributes

• Experience with both private equity and real estate fund structures preferred
• Prior experience managing or mentoring a team of fund accountants
• Familiarity with investor portals and reporting platforms
• Experience supporting fund audits, K-1 preparation, and regulatory filings (Form PF, if applicable)

Compensation

$90,000 per year