Fund Administrator

Russell Tobin; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

Russell Tobin is seeking an experienced accounting professional to supervise a team of fund administrators and deliver fund accounting, administration, and reporting services to alternative investment clients. You will act as a trusted advisor, drive process improvements, and manage complex allocations and reconciliations.

You will review statements for audits and taxes, set accounting principles for complex investments, and coordinate with clients to meet regulatory requirements.

Qualifications

• Bachelor's degree in accounting, finance, or related field, or equivalent experience.
• 2–4 years in the alternative investments industry performing fund audits.

Responsibilities

• Supervise a team of fund administrators responsible for accounting and investor servicing.
• Provide accounting, administration, financial reporting, and regulatory reporting services for alternative investment funds.
• Serve as primary escalation point for client issues and oversee issue resolution.
• Assess client needs and recommend operational improvements and strategic solutions.
• Review records and statements for audit and tax reviews; ensure proper allocations and reconciliations.
• Establish principles for accounting of complex investment types.

Skills

Strong communication

Leadership

Team collaboration

Organizational skills

CPA preferred

Education

Bachelor's degree in Accounting or Finance

Equivalent experience

Tools

Microsoft Office

Advent applications

Confluence

Job description

Open To following locations :

Wall Street, New York, and New Jersey

Overview

Performs daily accounting activities in accordance with generally accepted accounting procedures, including maintenance of the general ledger and preparation of accounting statements and financial reports. Familiarity with general accounting concepts, practices, and procedures is required.

Job Summary

Works on a team of administrators (with some supervisory duties similar to a low senior accountant in public accounting) responsible for providing accounting, administration, financial reporting, regulatory reporting, and investor servicing to investment companies and advisers, including hedge funds, private equity funds, CLOs, and other alternative investment vehicles.

Serves as a trusted advisor to clients by assessing changing business needs and strategies while providing expertise, tools, and information to support investment growth. Acts as the escalation point for assigned clients, directing issue resolution and process improvements to meet client needs. Proactively identifies risk-related issues through qualitative and quantitative analysis, anticipates obstacles, and implements mitigating solutions.

Reviews accounting records and financial statements for audit and tax purposes, documents accounting treatment for unusual investment types, and oversees complex expense allocations, incentive fee calculations, and reconciliation items.

Responsibilities

• Supervise and support a team of fund administrators responsible for accounting and investor servicing.
• Provide accounting, administration, financial reporting, and regulatory reporting services for alternative investment funds.
• Serve as the primary escalation point for client issues and oversee issue resolution.
• Assess client needs and recommend operational improvements and strategic solutions.
• Review accounting records, financial statements, and supporting documentation for audit and tax reviews.
• Establish accounting principles for complex investment types.
• Process and review complex expense allocations, incentive fee calculations, and reconciliations.
• Identify operational and risk-related issues and implement appropriate controls and solutions.

Basic Qualifications

• Bachelor's degree in Accounting, Finance, or a related field, or equivalent experience.
• 2–4 years of experience in the alternative investments industry at a fund, fund administrator, or Big Four/Mid-size public accounting firm performing fund audits.

Preferred Skills & Experience

• Working knowledge of Microsoft Office products.
• Basic knowledge of Advent applications preferred.
• Knowledge of the Confluence financial reporting platform preferred.
• General understanding of portfolio accounting and the investment management industry.
• Excellent verbal and written communication skills.
• Strong organizational, leadership, and team collaboration skills.
• CPA preferred.

Russell Tobin is an equal opportunity employer. We do not discriminate on the basis of the race, religious creed, color, national origin, ancestry, physical disability, mental disability, reproductive health decision making, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, veteran or military status, or any other characteristic protected by applicable federal, state, or local law.

Russell Tobin is a Fair Chance employer. We consider all qualified applicants, including those with criminal histories, in a manner consistent with applicable state and local Fair Chance laws and ordinances, including, the California Fair Chance Act and all applicable local Fair Chance ordinances.

We are committed to providing reasonable accommodations to applicants and employees with disabilities. If you require a reasonable accommodation to participate in the application or interview process, or to perform the essential functions of this role, please contact us.

Only applicable for San Francisco Candidates: Under the San Francisco Lactation in the Workplace Ordinance, we will provide written notice of lactation accommodation rights, and this notice will automatically be given upon hiring, any inquiry of parental leave or lactation accommodation.