Fund Accounting Supervisor

gen2fund.com; Boston (MA); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits package

Job summary

Gen II Fund Services is looking for a Supervisor to lead teams in Boston. This role involves managing fund operations, overseeing accounting, and mentoring staff. A Bachelor's degree in Accounting, Economics, or Finance and 4+ years of related experience are required. The salary range for this position is between $90,000 and $130,000, complemented by a discretionary bonus and benefits. All candidates must be authorized to work in the U.S. and adhere to a hybrid work schedule.

Qualifications

• 4+ years of relevant Private Equity Fund/Investment Company Accounting experience.
• Ability to learn quickly and recommend solutions.
• Experience with governing documents such as LPAs and side letters.

Responsibilities

• Oversee the daily Fund Operations with the Director.
• Manage operations and accounting of an existing fund.
• Perform in-depth reviews of financial reports.

Skills

Accounting

Communication

Problem Solving

Attention to Detail

Microsoft Excel

Education

Bachelor's degree in Accounting, Economics or Finance

Tools

Microsoft Office Suite

Job description

Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Supervisor to join our growing team.

As a Supervisor, you will lead and mentor teams supporting top-tier sponsors and drive process improvements across the full private equity fund lifecycle.

Primary Responsibilities

• Work closely with the Director/Managing Director managing daily Fund Operations
• Oversee the operations and accounting of an existing fund independently
• Interface and manage a client/business with limited guidance
• Familiar with LPA and other governing documents; able to extract key economics and compile a thorough summary with limited guidance
• Slightly supervise a small staff of accountants, if necessary
• Provide guidance on the initial setup of the client funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and sign off prior to Director/Managing Director review
• Perform multiple levels of review/analysis of financial reports, capital events, and private equity complex transactions (depends on client and team)

Job Requirements, Skills, Education and Experience

• Bachelor’s degree in Accounting, Economics and/or Finance
• 4+ years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience
• Ability to learn on-the-job quickly, apply learning to clients and recommend solutions to issues
• Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
• Excellent verbal, written and interpersonal communication
• Strong attention to detail and accuracy
• Superior problem solving, judgment and decision-making skills
• Ability to think independently, prioritize, multi-task and meet deadlines
• Extensive Microsoft suite skills – Excel (pivots), Word, PowerPoint, and Outlook

Preferred Experience

• CPA
• Sound knowledge of Investment Company Accounting (ASC 946), Economics (waterfalls and allocations), Fund Structure (corporate, partnership, tax blockers, etc.) and investor classifications
• Knowledge of reporting for investment funds under US GAAP (ASC 946) and IFRS; ability to prepare and review
• Knowledge and hands‑on experience with governing documents such as LPAs, advisory agreements, side letters, separate fee agreements, etc.
• Hands‑on experience accounting/audit of private equity funds (including blockers, parallel, SPV, AIV, co‑investment vehicles), management companies, and related vehicles

The salary range for this position is $90,000-$130,000 in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.

All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. All U.S. employees are required to work a hybrid schedule, comprising three (3) days a week in our office and two (2) days remotely.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.