Manager, Private Equity

theapexgroup; Charlotte (NC); On-site; USD 130,000 - 140,000; Full time

Benefits offered by this job

Four days in office

Job summary

The Apex Group is seeking a Manager - Fund Accounting Private Equity (VP level) in Charlotte. You will lead complex private equity fund accounting, including investor reporting, waterfall calculations, and LPAs, while coordinating audits and tax support.

Ideal candidates have 6–10 years in PE with CPA preferred, strong supervisory skills, and a deep understanding of fund structures and GAAP. This role requires in-office collaboration across teams in a fast-paced environment.

Qualifications

• Bachelor's degree in accounting/finance required.
• 6–10 years of professional experience, mix of private equity and audit preferred.
• Minimum 3–6 years direct Private Equity experience.
• CPA preferred.
• Strong fund and partner accounting knowledge.
• Experience with waterfall calculations and LPAs.

Responsibilities

• Prepare fund and investor accounting work papers, including fee calculations and IRR.
• Review fund expenses and capital calls / distributions.
• Prepare fund financial statements and capital accounts with supporting schedules.
• Coordinate audits and support tax compliance/reports.
• Assist with regulatory reporting and investor queries.
• Track portfolio transactions and calculate investment IRR.

Skills

Private equity experience

Fund accounting

US GAAP knowledge

Strong communication

CPA preferred

Supervisory experience

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 is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.

Your career with us should reflect your energy and passion.

That's why, at Apex Group, we will do more than simply 'empower' you. We will work to supercharge your unique skills and experience.

Take the lead and we'll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

Job Description

Manager - Fund Accounting Private Equity (VP level)

The Role & Key Responsibilities

• 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/review of LPAs, purchase/sales agreement, side letters, etc.
• Coordinate and support the audit for both SSAE 16 audit and fund audit.
• Support the tax team with information to prepare tax compliance/reports.
• Assist with other regulatory reporting.
• Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).

Cash forecasting and budgeting:

• Responsible for bank and brokerage reconciliations.
• Assist with Ad hoc financial analysis for client.
• 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.
• Accounting for holding companies and blocker entities.

Skills Required:

• Bachelor's degree in accounting/finance required.
• 6 -10 years of professional experience (A mix of private and audit preferred).
• Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience).
• CPA Preferred.
• Strong Fund and Partner accounting knowledge.
• Credit funds exposure.
• Portfolio accounting, complex investment structures preferred.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with ability to multitask.

Special Skills:

• Experience in fund accounting with a focus on private equity experience.
• Knowledge with LPA 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.

Our Services Focus On:

• Fund accounting and financial reporting - Offering exceptional technical accounting and reporting capabilities tailored to the specific needs of structures and clients.
• Governance, management and control - Ensuring statutory duties and governance are undertaken with appropriate diligence.
• Administration of Private Equity structures - Delivering a responsive, client focused administration service.

What you will get in return:

• A high level of visibility within a large organisation on an upwards trajectory
• The ability to define marketing processes to drive innovation and have a tangible impact on the business
• Be part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline.
• Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly.
• Opportunity to work with a diverse, agile and global marketing team.
• The opportunity to innovate, bring discipline to brand activity and really make a difference.

We pride ourselves in our commitment to fostering a connected and inclusive culture, all our opportunities at Apex have four (4) days in office requirement.

Salary ranges from USD $130,000 to USD 140,000. Compensation within this range is dependent on individual's skills, experience and qualifications.

#LI-LM1

Additional information: We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnicity, age, sexual ori