Senior Fund Accountant

Vaco Recruiter Services; New York (NY); Hybrid; USD 143,270,000 - 157,046,000; Full time

Job summary

Family Office - Private Wealth Management in Midtown Manhattan is seeking a Senior Fund Accountant (Consultant) to manage full-cycle accounting for private funds and related entities, including NAV calculations and financial reporting under US GAAP.

The role requires 2–4 years of fund accounting experience, CPA preference, and hands-on work with Investran, Addepar, and NetSuite; it offers a hybrid work setup and exposure to high-net-worth client operations.

Qualifications

• 2–4 years of fund accounting or private wealth management accounting experience.
• CPA or active CPA candidate strongly preferred.
• Experience auditing private funds or family offices in public accounting is highly desired.
• Strong US GAAP, partnership accounting, and waterfall/carried interest knowledge.
• Experience with multi-entity structures, trust accounting, and family office operations.
• Proficiency with fund accounting platforms (Investran, Addepar, eFront, NetSuite) and advanced Excel.

Responsibilities

• Manage full-cycle accounting for private investment funds, SPVs, co-investment vehicles, and family office entities.
• Calculate and reconcile NAV on a monthly, quarterly, and annual basis.
• Prepare financial statements (Balance Sheet, Income Statement, Statement of Cash Flows, Capital Statements) per US GAAP.
• Maintain shadow accounting records with external fund administrators, custodians, and prime brokers.
• Oversee capital calls, distributions, management fee calculations, performance allocations, and investor capital accounts.
• Monitor cash flow, treasury operations, liquidity, and capital commitments across entities.
• Coordinate with tax advisors for year-end tax planning, K-1 preparation, and regulatory filings.
• Support audits, internal controls, process improvements, and system implementations.

Skills

Attention to detail

Discretion

Communication skills

Organizational skills

Education

Bachelor's degree in Accounting/Finance

CPA or active CPA candidate

Tools

Investran

Addepar

eFront

QuickBooks

NetSuite

Excel (Advanced)

Job description

Client: Family Office - Private Wealth Management

Role: Senior Fund Accountant (Consultant)

Pay Rate: $50/hr - $55/hr

Location: Midtown, Manhattan (Hybrid - 2-3 days a week onsite)

Key Responsibilities

Fund Accounting & Financial Reporting

• Manage full-cycle accounting for private investment funds, SPVs, co-investment vehicles, and family office legal entities.
• Calculate and reconcile Net Asset Value (NAV) on a monthly, quarterly, and annual basis.
• Prepare comprehensive financial statements (Balance Sheet, Income Statement, Statement of Cash Flows, Capital Statements) in compliance with US GAAP.
• Maintain shadow accounting records to reconcile internal records with external fund administrators, custodians, and prime brokers.
• Oversee capital calls, distributions, management fee calculations, performance allocations (carried interest/waterfalls), and investor capital accounts.

Family Office & Wealth Management Operations

• Monitor cash flow, treasury operations, and liquidity management across family investment entities and operating accounts.
• Track capital commitments, funded/unfunded capital, and distributions for underlying private equity, venture capital, and real estate fund investments.
• Prepare customized performance and allocation reporting for family members, investment committees, and senior leadership.
• Coordinate with tax advisors for year-end tax planning, K-1 preparation, tax allocations, and regulatory filings.

Audit, Tax & Compliance Support

• Serve as the primary point of contact for external auditors during annual audits; prepare audit schedules and financial notes.
• Ensure compliance with regulatory requirements, internal controls, and fund governing documents (LPA, PPM).
• Participate in process improvement initiatives, system implementations, and workflow automation for the accounting function.

Qualifications & Requirements

• Education: Bachelor’s degree in Accounting, Finance, or a related field (CPA or active CPA candidate strongly preferred).
• Experience: 2–4 years of fund accounting or private wealth management accounting experience.
  • Prior experience in public accounting (Big 4 or national firm) auditing private funds or family offices is highly desired.
• Technical Expertise:
  • In-depth knowledge of US GAAP, partnership accounting, private equity/hedge fund accounting principles, and waterfall/carried interest mechanics.
  • Experience with multi-entity structures, trust accounting, and family office financial operations.
  • Proficiency in fund accounting and ERP platforms (e.g., Investran, Addepar, eFront, QuickBooks, SEI, NetSuite) and advanced Microsoft Excel skills (VLOOKUPs, Pivot Tables, financial modeling).
• Soft Skills:
  • Exceptional attention to detail and strong organizational skills.
  • Ability to maintain absolute confidentiality and discretion when handling high-net-worth family sensitive data.
  • Excellent written and verbal communication skills to articulate financial results to non-accounting stakeholders.