Fund Accounting Supervisor

Gen II Fund Services; San Francisco (CA); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits package

Job summary

Gen II Fund Services is seeking a Fund Accounting Supervisor in San Francisco, California. This role involves overseeing accounting operations for private equity funds and managing client interactions.

The ideal candidate will have a bachelor’s degree in accounting or finance and at least 4 years of relevant experience in fund accounting. A hybrid work schedule is offered, along with a competitive salary range of $90,000–$130,000 plus bonuses.

Qualifications

• 4+ years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience.
• Ability to adapt to rapid changes in processes and procedures.
• Extensive knowledge of ASC 946 and IFRS reporting standards.

Responsibilities

• Manage daily Fund Operations alongside Director/Managing Director.
• Oversee accounting operations of an existing fund independently.
• Supervise a small staff of accountants if necessary.

Skills

Accounting skills

Analytical thinking

Communication skills

Attention to detail

Microsoft Excel

Education

Bachelor’s degree in Accounting, Economics, and/or Finance

Tools

Microsoft Office Suite

Job description

Gen II Fund Services, a leading tech‑enabled Private Equity Fund Administrator, is seeking a Fund Accounting Supervisor to join our growing team. At Gen II you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first‑to‑market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor teams supporting top‑tier sponsors while driving process improvements, expanding your expertise, and contributing to the continued success of one of the industry's most respected platforms.

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 client/business with limited guidance.
• Familiar with LPA and other governing documents; extract key economics, compile, and document a thorough summary with limited guidance.
• Supervise a small staff of accountants, if necessary.
• Oversee and provide guidance on the initial set up of the client's fund 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, multitask, 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.
• Sound knowledge of types of reporting for investment funds/investment companies and investors in US GAAP (ASC 946) and IFRS; ability to prepare and review.
• Sufficient 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 other related vehicles.

Salary and Benefits

The salary range for this position is $90,000–$130,000 in addition to a discretionary bonus and comprehensive benefits package. Package details vary with experience level.

Work Arrangement

All applicants must be legally authorized to work in the United States. All U.S. employees are required to work a hybrid schedule, comprising two days a week in the office and three days remote.

About The Company

Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $1 trillion of private capital on behalf of its clients with 14 offices across the U.S., Canada and Europe. Gen II offers private fund sponsors a best‑in‑class combination of people, process, and technology, enabling sponsors to manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the industry with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co‑investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.

Key Facts

• Administering over $1 trillion in assets.
• Serving nearly every significant investor in the asset class.
• Institutional grade infrastructure and SSAE 18 (SOC‑1, Type 2) certification, ensuring confidence in our processes.
• The most experienced and best performing team in the industry.