Fund Manager

LaSalle Network; California; On-site; USD 150,000 - 170,000; Full time

Benefits offered by this job

Health insurance

401(k) retirement plan

Paid time off

Job summary

LaSalle Network seeks an experienced Fund Manager to oversee fund accounting and financial reporting for a portfolio of investment funds. You will serve as the primary client contact ensuring accurate reporting and timely deliverables.

The ideal candidate has at least five years in fund accounting within private equity, venture capital, or fund services, with strong technical accounting skills and the ability to manage multiple engagements while delivering exceptional client service.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• Minimum of five years of fund accounting experience total.
• Experience in private equity, venture capital, or fund administration environments.
• Strong understanding of accounting principles and financial reporting.
• Experience preparing or reviewing financial statements and reconciliations.
• Familiarity with investment fund structures and investor allocations.
• Excellent written and verbal communication and organizational skills.

Responsibilities

• Oversee fund accounting activities, including general ledger maintenance, monthly and quarterly reporting, and year-end financial statements.
• Review financial statements, investor allocations, capital account statements, and supporting schedules for accuracy.
• Oversee capital calls, distributions, investor contributions, and allocation of income, expenses, and gains or losses.
• Coordinate annual audits and work with external auditors for timely completion.
• Ensure fund accounting records and reporting comply with standards and governing documents.
• Serve as primary contact for assigned clients and manage deliverables and deadlines.
• Mentor fund accountants and collaborate with internal teams to resolve complex issues.

Skills

Fund accounting

Client service

Leadership

Communication

Financial reporting

Education

Bachelor's degree in Accounting

Tools

Excel

Job description

We are seeking an experienced Fund Manager to oversee fund accounting and financial reporting activities for a portfolio of investment funds. This individual will serve as a key point of contact for clients, ensuring accurate financial reporting, timely deliverables, and high-quality fund administration services.

The ideal candidate brings at least five years of fund accounting experience gained within private equity, venture capital, public accounting, or a fund administration environment. This role requires strong technical accounting skills, the ability to manage multiple client engagements, and a commitment to delivering exceptional client service.

Fund Manager will collaborate with internal teams and investment professionals to oversee fund operations, resolve complex accounting matters, and ensure compliance with applicable accounting standards and reporting requirements.

Key Responsibilities

Fund Accounting & Financial Reporting

• Oversee fund accounting activities, including general ledger maintenance, monthly and quarterly reporting, and year-end financial statements.
• Review financial statements, investor allocations, capital account statements, and supporting schedules for accuracy and completeness.
• Oversee capital calls, distributions, investor contributions, and allocation of income, expenses, and investment gains or losses.
• Review fund reconciliations, cash activity, and investment transactions to ensure accurate financial records.
• Coordinate annual audits and work closely with external auditors to facilitate timely completion.
• Ensure fund accounting records and financial reporting comply with applicable accounting standards and fund governing documents.

Client Relationship Management

• Serve as a primary point of contact for assigned clients, providing responsive communication and high-quality service.
• Build and maintain strong relationships with investment professionals, fund executives, and other client stakeholders.
• Manage client deliverables, reporting deadlines, and competing priorities across multiple fund engagements.
• Address client inquiries, investigate discrepancies, and communicate complex accounting matters effectively.
• Identify opportunities to enhance service delivery, strengthen client relationships, and improve overall client satisfaction.

Fund Operations & Compliance

• Oversee fund transactions and accounting processes throughout the investment lifecycle.
• Review partnership allocations, management fees, carried interest, and waterfall calculations, as applicable.
• Maintain accurate investor records and support investor reporting requirements.
• Coordinate with tax professionals on tax return preparation, K-1s, and related fund tax deliverables.
• Monitor compliance with fund agreements, reporting requirements, and established internal controls.

Team Leadership & Process Improvement

• Review and mentor fund accountants and senior fund accountants, providing technical guidance and quality control.
• Coordinate workflow, delegate responsibilities, and monitor deadlines to ensure timely and accurate deliverables.
• Identify opportunities to improve accounting processes, reporting efficiency, and client service.
• Collaborate with internal teams to resolve complex issues and establish consistent best practices.
• Contribute to the development of team members and the continuous improvement of fund administration operations.

Required Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum of five years of fund accounting experience gained within one or more of the following environments:
  • Private equity or venture capital firms.
  • Public accounting firms with relevant alternative investment or private fund clients.
  • Fund administration or fund services companies.
• Strong understanding of accounting principles and financial reporting.
• Experience preparing or reviewing financial statements, account reconciliations, and supporting schedules.
• Familiarity with investment fund structures, partnership accounting, and investor allocations.
• Strong organizational skills with the ability to manage multiple funds, clients, and reporting deadlines.
• Excellent written and verbal communication skills.
• Demonstrated ability to investigate accounting discrepancies, solve problems, and exercise sound judgment.
• Strong attention to detail and commitment to accuracy and client service.

Preferred Qualifications

• Experience with private equity or venture capital funds.
• Knowledge of partnership accounting, carried interest, management fees, and distribution waterfalls.
• Experience reviewing fund financial statements and coordinating external audits.
• Familiarity with capital calls, distributions, investor allocations, and investor reporting.
• Experience managing client relationships within a fund administration or professional services environment.
• Prior experience reviewing work, mentoring junior accountants, or managing a team.
• CPA designation or progress toward obtaining a CPA.
• Experience with fund accounting systems and advanced Excel functionality.

Compensation & Benefits

• Pay Range: $150,000-$170,000 annually, depending on qualifications, relevant fund accounting experience, and demonstrated expertise.
• Benefits Package: The company offers a comprehensive benefits package that includes the following benefits, subject to applicable plan terms and eligibility requirements:
  • Health Insurance: Medical, dental, and vision coverage.
  • Retirement Benefits: 401(k) retirement savings plan
  • Paid Time Off: Paid vacation and/or PTO, paid holidays, and applicable paid sick leave.

LaSalle Network is an Equal Opportunity Employer m/f/d/v.