Senior Fund Accountant

Gen 2 Careers; Dallas (TX); Hybrid; USD 80,000 - 100,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits package

Job summary

Gen II Fund Services is seeking a Senior Fund Accountant to join our team in the United States. The role offers exposure to the full private equity fund lifecycle, including new and first-to-market funds across various sectors, while driving process improvements and maintaining our standard of technical excellence.

You will work in a hybrid environment, collaborating with sponsors and internal teams, and contribute to client service and operational integrity with training and growth

Qualifications

• Bachelor’s degree in Accountancy, Economics and/or Finance.
• Experience with consolidations including non-controlling interest.
• Experience with realized and unrealized waterfall allocations.
• 2+ years in private equity fund accounting.

Responsibilities

• Examine and analyze accounting records to assess accuracy, completeness, and conformance to reporting standards.
• Review work-papers, prepare call and distribution letters, calculate carried interest, and allocate profits and losses in accordance with Fund Governing Agreement with special allocations for blocked or tax-exempt Partners.
• Prepare Consolidated Financial Statements with footnotes.
• Analyze investment documents and properly set up investment structures including holding companies, AIV and blockers.
• Calculate current and deferred tax expense/benefit and related deferred tax assets/liabilities.
• Train new employees and assist with new fund transition and/or set up.

Skills

Consolidations (non-controlling)

Waterfall allocations

Private equity fund accounting

Education

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

Job description

Who is Gen II?

With offices in the US and Europe, we’re looking for do-ers, problem-solvers, and entrepreneurs like you who want to make an impact in our industry, grow with us, and create a community where everyone thrives.

Careers mean more at Gen II – more opportunity, more innovation, and more ideas! You’ll have the opportunity to grow in ways that are meaningful to you and work alongside some of the best people in their field. You’ll also receive training which will advance your skill set, both technically and personally allowing you to achieve your career aspirations with us. Be part of our community that recognizes achievements, promotes from within, and receive meaningful benefits which focus on your physical, mental and financial well-being.

Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Senior Fund Accountant 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 gain exposure to 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 contributions will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.

Key Responsibilities

• Examine and analyze accounting records to assess accuracy, completeness, and conformance to reporting standards
• Review work-papers, prepare call and distribution letters, calculate carried interest, and allocate profits and losses in accordance with Fund Governing Agreement with special allocations for blocked or tax-exempt Partners
• Prepare Consolidated Financial Statements with footnotes
• Analyze investment documents and properly set up investment structures including holding companies, AIV and blockers
• Calculate current and deferred tax expense/benefit and related deferred tax assets/liabilities
• Train new employees and assist with new fund transition and/or set up

Qualifications

• Bachelor’s degree in Accountancy, Economics and/or Finance
• Must have working knowledge of consolidations with non-controlling interest
• Must have working knowledge of realized and unrealized waterfall allocations
• Must have 2+ years of experience in a private equity fund accounting position

The salary range for this position is $80,000 - $100,000, 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 three (3) days a week in our office and two (2) days remotely.

https://gen2fund.com/candidate-privacy-statement/

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.