Manager

gen2fund.com; Dallas (TX); On-site; USD 90,000 - 170,000; Full time

Benefits offered by this job

Comprehensive benefits package

Discretionary bonus

Job summary

Gen II Fund Services is hiring a Fund Accounting Manager to oversee fund operations and manage accounting tasks. This role requires 7+ years in Private Equity Fund Accounting along with a Bachelor's degree in Accounting, Economics, or Finance.

The position involves leadership responsibilities focusing on the full private equity fund lifecycle. The successful candidate will enjoy a hybrid work arrangement and a competitive salary ranging from $90,000 to $170,000, depending on experience, along with a discretionary bonus.

Qualifications

• 7+ years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience.
• Management and supervisory experience preferred.
• Excellent verbal, written and interpersonal communication skills.

Responsibilities

• Manage daily Fund Operations in collaboration with Director/Managing Director.
• Supervise and direct an accounting staff as needed.
• Oversee Client Fund deliverables and perform thorough reviews.

Skills

Fund Operations Management

Private Equity Accounting

Client Management

Attention to Detail

Problem Solving

Education

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

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Job description

Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund Accounting Manager 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.

Your leadership will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.

Primary Responsibilities Will Include:

• Work closely with the Director/Managing Director managing daily Fund Operations
• Manage the operations and accounting of an existing fund independently
• Ability to interface and manage a client/business with limited guidance
• Familiar with LPA and other Governing; Able to extract key economics, compile, and document a thorough summary with limited guidance
• Able to supervise, manage, and direct a small accounting staff, if required
• Oversee and provide guidance on the initial set up of the Client’s Funds 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/analyses 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
• 7+ 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
• Management and supervisory experience
• 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, multi-task 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. within an Organization Chart) / 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

The salary range for this position is $90,000-$170,000 in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.

Work Arrangement

All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule, comprised of two (2) days a week in our office and three (3) days remotely.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.