Senior Fund Accountant

Gen II Fund Services; New York (NY); Hybrid; USD 80,000 - 115,000; Full time

Job summary

A leading independent private equity fund administrator is seeking a Senior Fund Accountant to manage financial records and reporting. The role involves analyzing accounting records, preparing financial statements, and ensuring compliance with fund agreements. Candidates should have a Bachelor's degree in Accounting, Economics, or Finance and at least 2 years of relevant experience. This position offers a hybrid work arrangement and competitive salary.

Benefits

Discretionary bonus

Benefits

Qualifications

• Minimum 2+ years of experience in a private equity fund accounting position.

Responsibilities

• Examine and analyze accounting records for accuracy and completeness.
• Prepare Consolidated Financial Statements with footnotes.
• Calculate current and deferred tax expense/benefit.

Skills

Accounting

Economics

Finance

Consolidations

Waterfall Allocations

Education

Bachelor’s degree in Accountancy

Bachelor’s degree in Economics

Bachelor’s degree in Finance

Job description

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Primary Responsibilities Will Include:

• 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, AIVs, 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 setup.

Job Requirements, Skills, Education, and Experience:

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

The salary range for this position is $80,000-$115,000, plus a discretionary bonus and benefits. Actual salary depends on experience.

Work Arrangement:

All applicants must be authorized to work in the US. The role requires a hybrid schedule: two days in-office, three days remote.

About the Company:

Gen II Fund Services is a leading independent private equity fund administrator, managing over $1 trillion in assets across 14 offices worldwide. They provide top-tier operational, financial, and investor communication services, with extensive industry experience.