Growth-Minded Fund Accounting Analyst

Cambridge Associates; Boston (MA); On-site; USD 81,000 - 106,000; Full time

Benefits offered by this job

Annual bonus

Benefits package

Job summary

Cambridge Associates, a leading global investment firm based in Boston, seeks a diligent Fund Accounting Analyst to oversee accounting, administration and reporting for Single Investor Funds, Single Manager Funds, and other commingled vehicles.

The ideal candidate will collaborate with fund administrators, auditors, and investor relations teams to ensure accurate, compliant fund operations, with emphasis on continuous learning and process improvement in a dynamic financial services environment.

Qualifications

• Undergraduate degree in accounting, finance, or audit.
• 3–7 years’ work experience in fund administration or fund accounting for private investment funds.
• Strong interpersonal, organizational, and communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Experience in hedge/private equity fund fee calculations (carry and waterfalls).
• Excellent MS Excel and Word skills; VBA is a plus.
• Interest in automation and process improvement; openness to AI tools.
• Strong data mindset and attention to controls.

Responsibilities

• Review and reconcile NAV, portfolio positions, capital calls, distributions, expenses, and cash balances.
• Analyze fund allocation methodologies, fees, carried interest, and waterfall calculations for accuracy and compliance.
• Identify discrepancies in NAV reports from third-party fund administrators.
• Oversee processing of client capital transactions and ensure adherence to fund agreements.
• Prepare and validate capital calls and distribution notices with timely communication.
• Review LPAs and PPMs for compliance and accurate fund representation.
• Coordinate annual financial statement audits with auditors and administrators.
• Prepare audit schedules and supporting documentation for audits.
• Review draft financial statements for GAAP/IFRS compliance.
• Address auditor queries and support implementation of new standards.
• Serve as primary contact for fund accounting inquiries and issues.
• Liaise between fund administrators and clients for clear communication.
• Collaborate with legal, compliance, tax, and operations teams.
• Monitor vendor performance and service levels; ensure SLAs are met.
• Foster continuous improvement across processes and controls.

Skills

Interpersonal

Organizational skills

Communication

Data mindset

Automation interest

Teamwork

Attention to detail

Education

Undergraduate degree in accounting/finance or related field

Tools

MS Excel

MS Word

VBA

Job description

Cambridge Associates, a leading global investment firm based in Boston, seeks a diligent Fund Accounting Analyst to oversee accounting, administration and reporting for Single Investor Funds, Single Manager Funds, and other commingled vehicles.

The ideal candidate will collaborate with fund administrators, auditors, and investor relations teams to ensure accurate, compliant fund operations, with emphasis on continuous learning and process improvement in a dynamic financial services environment.