Manager, Fund Accounting - Private Assets

Kassen Recruitment; Jersey City (NJ); On-site; USD 120,000 - 190,000; Full time

Job summary

Kassen Recruitment is seeking an experienced Fund Accounting Manager in Jersey City, NJ, to oversee private equity accounting operations and lead a team of finance professionals. The role emphasizes accurate reporting, client service, and process improvement within a dynamic financial services environment.

Key responsibilities include supervising NAV calculations, investor reporting, and external audits, while coordinating with tax, client services, and operations.

Qualifications

• Bachelor's degree in accounting/finance or related field.
• CPA/CFA or equivalent asset is a plus.
• 3–5 years in fund accounting, private equity, or fund administration.
• 4+ years supervising accounting professionals.
• Strong understanding of private equity fund structures and reporting.
• Experience with NAV calculations and investor allocations.

Responsibilities

• Oversee fund accounting activities and prepare financial information and client reporting.
• Lead and coach a team of accounting professionals.
• Review NAV calculations and financial statements for accuracy.
• Oversee fund expense calculations including management fees and carried interest.
• Coordinate reporting timelines and ensure timely deliverables.
• Supervise external audits and provide supporting documentation.

Skills

Team leadership

NAV review

Financial reporting

GAAP knowledge

Client services

Education

Bachelor's degree in Accounting/Finance

Tools

Fund accounting software

Microsoft Excel

Job description

Managing complex investment structures requires a combination of technical accounting expertise, strong leadership, and attention to detail. An opportunity is available for an experienced Fund Accounting Manager to oversee private equity accounting operations, guide a team of finance professionals, and support the delivery of accurate financial reporting and client services.

This position is well-suited to someone who enjoys taking ownership of fund accounting activities, developing team capabilities, and identifying opportunities to improve processes within a dynamic financial services environment.

About the Role

Working closely with senior management, the Fund Accounting Manager will be responsible for overseeing accounting activities related to private equity investment funds, maintaining reporting accuracy, and ensuring the timely completion of client deliverables.The role combines technical accounting oversight with team leadership and client relationship management. The successful candidate will provide guidance on complex financial matters, coordinate reporting requirements, and contribute to improvements that support operational efficiency and service quality.

What You’ll Do

• Manage fund accounting activities and oversee the preparation of financial information and client reporting deliverables.
• Lead and develop a team of accounting professionals, providing technical guidance, coaching, and performance feedback.
• Review Net Asset Value (NAV) calculations, financial statements, trial balances, and investor allocation schedules.
• Oversee fund expense calculations, including management fees, administrative charges, and carried interest.
• Review general ledger transactions, capital activity, investor reporting, and other accounting records for accuracy.
• Interpret fund agreements and supporting documentation to ensure appropriate accounting treatment.
• Maintain compliance with applicable accounting standards, regulatory requirements, and internal procedures.
• Coordinate reporting timelines and ensure accounting deliverables are completed accurately and efficiently.
• Oversee external audit requirements, including the preparation of supporting documentation and resolution of audit inquiries.
• Maintain client relationships by addressing accounting questions, providing technical support, and ensuring service expectations are met.
• Collaborate with internal departments on tax matters, investor services, financial reporting, and operational requirements.
• Assist with onboarding new clients and transitioning accounting activities to established processes.
• Evaluate existing workflows and recommend improvements to accounting procedures, internal controls, and reporting practices.
• Manage team workloads, monitor performance, and ensure resources are allocated effectively.
• Support the resolution of complex fund accounting matters and contribute to broader operational initiatives.

What You Bring

• University degree in Accounting, Finance, Economics, or a related field.
• Professional accounting or finance designation, such as CPA, CFA, or an equivalent qualification, is considered an asset.
• Approximately 3-5 years of fund accounting experience, preferably involving private equity, investment management, or fund administration.
• At least 4 years of experience supervising or managing accounting professionals.
• Strong technical understanding of private equity fund structures, investment accounting, and financial reporting.
• Experience reviewing NAV calculations, financial statements, general ledger transactions, and investor allocations.
• Knowledge of fund expense calculations, capital transactions, management fees, and carried interest arrangements.
• Familiarity with U.S. GAAP, Canadian GAAP, or other relevant financial reporting frameworks.
• Experience managing external audits, client reporting requirements, and accounting deliverables.
• Proficiency in Microsoft Excel and experience using fund accounting or financial management systems.
• Demonstrated leadership abilities, including coaching, performance management, and team development.
• Strong analytical skills with the ability to investigate complex accounting issues and recommend practical solutions.
• Excellent organizational and time-management skills, with the ability to balance competing deadlines.
• Effective communication and interpersonal skills, particularly when working with clients and cross-functional teams.
• A proactive and detail-oriented approach to maintaining accounting accuracy and improving operational processes.

Why Join

This opportunity offers the chance to take on a meaningful leadership role within a financial services environment focused on private equity fund administration. You'll have the opportunity to work with complex investment structures, collaborate with experienced accounting professionals, and contribute to improving financial reporting and operational processes. The position provides a balance of technical responsibilities, people leadership, and client interaction, making it well-suited to someone looking to further develop their management capabilities while building a long-term career in fund accounting.