Hedge Fund and Private Equity Accountant

Stone Coast Fund Services; Portland (ME); Hybrid; USD 70,000 - 105,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

Life insurance and AD&D

401(k) with employer match

HSA/FSAs

Paid time off and holidays

Employee referral program

Commuter benefits

Community engagement time

Job summary

Stone Coast Fund Services seeks a diligent Fund Accountant to support private equity and hedge fund clients from our Portland, Maine office. You’ll perform NAV preparation, cash and holdings valuations, and investor reporting, contributing to accurate financial statements and timely regulatory deliverables.

We offer hybrid work within Maine with in-office days, remote options for qualified states, competitive pay, discretionary bonus, and a culture focused on training, teamwork, and long-term

Qualifications

• Fund accounting experience in PE or related institutions.
• Familiarity with PE investments and strategies.
• Ability to learn complex concepts quickly.
• Advanced Excel skills (formulas, pivot tables).
• Strong verbal and written communication skills.
• Experience with portfolio/investor systems (Advent Geneva, WorldInvestora).
• Experience with internal controls and financial reporting is a plus.

Responsibilities

• Perform NAV preparation for Private Equity funds and hedge funds (cash, holdings valuations, accruals).
• Prepare notices for fund events (capital calls, distributions, closes).
• Calculate carried interest; understand waterfall structures and preferred returns.
• Allocate profit/loss and calculate management/performance fees.
• Prepare PE-specific financial statements per regulatory/industry standards.
• Review client documents (PPMs, commitment docs) and lifecycle impacts.
• Process fund expenses and cash wire requests accurately and timely.
• Generate fund/investor reports for managers and investors.

Skills

Fund accounting

Excel

Verbal and written communication

Portfolio/investor accounting systems

Education

Four-year degree in Accounting/Finance/Business/Economics

Tools

Advent Geneva

WorldInvestora

Job description

We’ve founded a company that values you: your time, your career, your talents, and drive. We seek hard-working applicants ready to be trained for an exciting role. We offer remote work flexibility, competitive pay and benefits, and the chance to give back through fully paid community service days. We invest in our employees and our community, and continue to grow with a focus on quality, culture, and long-term retention.

Remote/Hybrid Work Flexibility

This position offershybrid remotework flexibility within Maine (minimum 2 in-office days per week).Fully remotework opportunities will be considered for residents of one of the following states:AR, CO, CT, DC, FL, GA, IN, IA, KS, KY, ME, MD, MI, MO, NV, NH, NJ, NC, OR, PA, RI, SC, TX, VA, WA, WI

The Position

• Understand and able to complete daily/monthly/quarterly Net Asset Value (NAV) preparation for Private Equity Funds along with some traditional hedge funds,which includes Cash and Portfolio reconciliations, Investment Holdings Valuations, Income and Expense Accruals
• Prepare calculations and prepare notices for fund events such as capital calls, distributions, and subsequentcloses
• Calculate carried interest, understanding of differing waterfall structures/tiers including preferred returns
• Allocate profit and loss to investors/shareholders including the calculation of a variety of management and performance fees for our Hedge Funds and Private Equity funds and their investors
• Prepare Private Equity-specific Financial Statements, adhering to regulatory and industry standards.
• Review and understand private equity fund clients’ offering documents, PPMs, commitment documents, and other materials, including the impacts to the fund during various periods of the fund’s lifecycle. (i.e. Treatment of recycling/recallable distributions, subsequent close interest, and other closed end features).
• Process and record fund expense payments and ensure cash wire requests are completed accurately and timely
• Generate and deliver fund and investor reports to fund managers and investors of assigned clients
• Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients
• Communicate with internal and external entities on fund accounting matters and assist in issue resolution

Qualifications And Experience

• Fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained PE process and products knowledge.
• Familiarity with the types of investments and strategies held by Private Equity funds.
• Must be able to learn complicated concepts quickly
• Proficiency with Microsoft Office is essential, advanced Excel (formulas, pivot tables, and filtering) area must.
• Demonstrates superior verbal and written communication skills
• Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investora plus
• Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control systema plus
• Experience with financial reporting, information security and client, vendor, and risk managementa plus

Education Requirements

• Four-year college degree, preferably in Accounting, Finance, Business Management or Economics.

Compensation

• The expected salary range for this role is $70,000 – $105,000.
• The actual salary will be determined based on a variety of factors, including relevant experience, skills, education, specific responsibilities and assignments, and internal equity considerations.
• This position is also eligible for a discretionary bonus based on individual and company performance.

Benefits & Perks

• Health & coverage: medical (including HSA options), dental, and vision plans
• Financial protection: company-paid life insurance and AD&D, with additional voluntary coverage options including short- and long-term disability
• Retirement & financial support:
• 401(k) with employer match and immediate vesting
• Student loan repayment support
• Tax-advantaged accounts: HSA and flexible spending accounts (medical and dependent care)
• Time off & flexibility: paid time off and holidays aligned with the NYSE market calendar
• Additional programs: EAP, commuter benefits with employer contribution, employee referral program, and optional insurance coverage (critical illness, accident, hospital)
• Community engagement: dedicated paid time to support causes and organizations meaningful to you

Inclusivity & Equal Opportunity Statement

At Stone Coast, we strive to reflect the community of which we are so grateful to be a part, and are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and colleagues without regard to race, religion, ethnicity, national origin, sex or orientation, gender or identity, disability, age, veteran status, and any other basis or status designated under applicable laws.

The Company

Stone Coast Fund Services is an award-winning, steadily growing hedge fund administrator that’s found a better way in a better place. With a sole office in Portland, Maine, Stone Coast comprises over 200 hard-working and smart professionals who deliver administration services to over 100 hedge fund managers around the country with investors around the world. We hire carefully, treat people well, and are rewarded by low turnover in an industry where high turnover is the norm.

The Mission

Our mission, to “take pleasure in work done well, and in working well with together,” is an obligation to our clients, to their investors, to our communities and ultimately to our peers and ourselves. Fund administration, done well, requires carefully selecting smart, dedicated professionals and providing them with the resources, training and workplace culture that will engender their loyalty and bring out their best. To that end, we strive to develop and nurture relationships that are characterized by trust, respect, and affection. We look for colleagues – and clients – who will share and reciprocate these values.

The Location

Our location is central to our mission. Stone Coast is in the heart of Portland’s Old Port waterfront, a picture-perfect tourist destination that we’re fortunate to call home. Our offices offer beautiful views of Portland Harbor and the islands of Casco Bay. From our front door, we can walk to award-winning restaurants, cafes, museums and shops. Living in Portland and surrounding areas offers excellent schools, minimal commutes and proximity to beaches, mountains and state parks.