Senior Fund Accountant

Gen II Fund Services, LLC.; San Francisco (CA); Hybrid; USD 80,000 - 100,000; Full time

Benefits offered by this job

Hybrid schedule

Discretionary bonus

Comprehensive benefits

Job summary

Gen II Fund Services, LLC in San Francisco is seeking a Senior Fund Accountant to join our growing private equity team. You will gain exposure to the full private equity fund lifecycle, including newly launched funds, and work with top sponsors to drive process improvements.

The role requires a background in accounting and at least two years in PE fund accounting. The position offers a hybrid schedule with three days in the office and two remote days, plus a discretionary bonus and comprehensive

Qualifications

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

Responsibilities

• Examine and analyze accounting records for accuracy and conformance.
• Review work-papers, prepare call and distribution letters, allocate profits and losses per governing agreement.
• Prepare Consolidated Financial Statements with footnotes.
• Analyze investment documents and set up investment structures including holding companies, AIV, blockers.
• Calculate current and deferred tax expense/benefit and related tax assets/liabilities.
• Train new employees and assist with new fund transition.

Skills

Fund accounting

Private equity

Consolidations

Waterfall allocations

Financial reporting

Education

Bachelor's degree in Accountancy

Economics 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.