Manager Fund Accounting

Apex Group Ltd; Evansville (IN); On-site; USD 90,000 - 110,000; Full time

Job summary

A global fund administration firm is seeking a Manager Fund Accounting in Evansville, Indiana. The role involves preparing work papers, overseeing fund financial statements, and maintaining client communication. Candidates should have a Bachelor's degree in accounting/finance and 6-10 years of relevant experience in fund accounting, specifically within private equity. The salary ranges from $90,000 to $110,000, alongside performance-based compensation. The company fosters a collaborative culture with a requirement of four days in office per week.

Qualifications

• 6-10 years of professional experience in accounting, with private equity preferred.
• Minimum 3-6 years of direct private equity experience.
• Supervisory experience required.

Responsibilities

• Prepare work paper files including investment activity and IRR calculations.
• Responsible for investor and partner queries.
• Support audit for both SSAE 16 and fund audits.

Skills

Fund accounting expertise

Strong communication skills

Ability to multitask

Experience in fund accounting focused on private equity

Knowledge of LPAs and governing documents

CPA certification

Education

Bachelor’s degree in accounting/finance

Job description

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers. Our business uniquely reaches globally, serves locally, and delivers cross‑jurisdictional services. With our clients at the heart of everything we do, our dedicated team has driven unprecedented growth, represented by over 13,000 employees in 112 offices worldwide. Your career with us should reflect your energy and passion.

The Manager Fund Accounting will work as part of a client‑servicing team, acting as an extension to the client’s finance organization and maintaining direct communication with clients.

Fund and Investor Accounting

• Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
• Review fund reimbursable expenses.
• Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
• Prepare fund financial statements with footnotes and supporting schedules.
• Prepare partner allocations and capital account statements.
• Understand and review LPAs, purchase/sales agreements, side letters, etc.
• Coordinate and support audit for both SSAE 16 and fund audits.
• Support the tax team with information to prepare tax compliance reports.
• Assist with other regulatory reporting.
• Responsible for investor and partner queries (e.g., audit confirmations, investor cash flow, IRR analysis).

Cash Forecasting and Budgeting

• Responsible for bank and brokerage reconciliations.
• Assist with ad‑hoc financial analysis for clients.
• Assist with credit facility drawdowns for the fund.

Portfolio Accounting

• Track portfolio company transactions (purchases, income, liquidity).
• Understand complex investment structures (hold companies, blockers, tax withholding, etc.).
• Calculate investment IRR.
• Account for holding companies and blocker entities.

Skills Required

• Bachelor’s degree in accounting/finance required.
• 6‑10 years of professional experience (private and audit preferred).
• Minimum 3‑6 years of direct private equity experience (hedge funds do not count).
• CPA preferred.
• Strong fund and partner accounting knowledge.
• Credit funds exposure.
• Portfolio accounting and complex investment structures preferred.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with the ability to multitask.
• Special skills include:
  • Experience in fund accounting with a focus on private equity.
  • Knowledge of LPAs or other governing documents.
  • Experience with waterfall calculations.
  • Basic knowledge of Level 3 valuation methodologies.
  • Experience with audit process, including internal control and test of details.
  • Knowledge of US GAAP with an emphasis on investment partnerships.

Salary ranges from USD $90,000–$110,000, with additional market‑competitive variable, uncapped compensation based on performance. Compensation within this range depends on individual skills, experience, and qualifications.

We pride ourselves on fostering a connected and inclusive culture; all our opportunities at Apex require four (4) days in office per week.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and, where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.