Manager - Fund Accounting

Ultimus Fund Solutions; Philadelphia (Philadelphia County); On-site; USD 110,000 - 150,000; Full time

Job summary

Ultimus Fund Solutions is seeking a Manager, Fund Team to oversee day-to-day operations of client Funds and coordinate with General Partners. The role requires mastery of complex private equity accounting, overseeing financial reporting, and managing capital calls and distributions.

The position includes leading the Staff Accountant I–II and Senior Accountant I–II, providing training and guidance, and interacting with auditors during audits. Strong supervisory and accounting skills are essential.

Qualifications

• 5-7+ years' supervisory experience in accounting or related field.
• Bachelor's Degree in Accounting or related field required.
• MBA/MSA strongly preferred.
• CPA license strongly preferred.
• Experience in forecasting and budgeting during growth periods.
• Proficient in MS Office; Investran or similar software a plus.
• Ability to multitask, manage time, and maintain attention to detail.

Responsibilities

• Oversee the preparation and distribution of quarterly financial statements to Limited Partners.
• Oversee schedules to support general ledger balances.
• Calculate and distribute capital call notices to Limited Partners.
• Interpret terms in the Limited Partnership Agreement.
• Calculate and review complex waterfall structures.
• Complete required regulatory forms for fund compliance.
• Calculate and distribute proceeds to Limited Partners.

Skills

Supervisory experience

Accounting

Forecasting & budgeting

Time management

Attention to detail

Education

Bachelor's Degree in Accounting or related field

MBA or MSA in Accounting or related field

Tools

Microsoft Office Suite

Investran

Job description

The Manager, Fund Team is responsible for overseeing the day-to-day operations of client Funds and communicate directly with the General Partners of the Funds. This position will require regular interaction with clients, team members and management. This position requires a mastery of complex private equity accounting skills, the ability to oversee the complete financial reporting and capital call/distribution process and direct oversight of Staff Accountant I, II (Fund), Senior Accountant I, II (Fund), Associate Manager team members. This position serves as a resource to members of the team, in addition to Senior Management, providing guidance, training and additional support as needed.

Responsibilities

• Oversee the preparation and distribution of quarterly financial statements to the Limited Partners to report information regarding the performance of the Fund
• Oversee the preparation of schedules to support the general ledger balances reported in the financial statements
• Calculate, prepare, and distribute capital call notices to the Limited Partners to notify them when contributions are due
• Understand and interpret terms set forth within the Limited Partnership Agreement
• Calculate and review complex waterfall structures
• Complete required regulatory forms to ensure the Fund complies with specific regulation requirements
• Calculate and distribute proceeds to Limited Partners to return capital owed to them
• Communicate directly with the General Partners and respond promptly to their requests to provide them with the information they require
• Review investment packages to confirm the securities purchased are wired to the correct beneficiary and are for the appropriate amounts
• Calculate management fees owed to the Management Company for the investment and portfolio management services they provide to the Fund
• Interact with auditors and provide them with reports/support to assist them during the audit
• Complete audit confirmations to satisfy procedures performed for the audits of the Limited Partners
• Ability to multi-task between different tasks, client deliverables and internal demands throughout the day
• Provide supervision, guidance and coaching to the team, including regular training support as needed
• Conduct ongoing team trainings while providing input as to the continued training opportunities at a global-company level
• Provide daily leadership across the team and the organization
• Additional duties as assigned by Senior Management

Requirements

• 5-7+ years' supervisory experience in the following: performance management (including coaching, progressive discipline, performance review delivery etc.), training, talent acquisition and retention;5-7+ years' (relevant) experience in Accounting or related field;
• Minimum of a Bachelor's Degree in Accounting or related field
• Advanced degree (MBA or MSA) in Accounting or related field strongly preferred
• Certified Public Accountant (CPA) license is strongly preferred
• Experience in forecasting and budgeting during an accelerated growth period
• Proficient in Microsoft Office Suite with knowledge of Investran or other partnership accounting software a plus
• Ability to multitask, time management, attention to detail, planning and problem-solving skills required
• Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients an
• Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines