Senior Fund Accountant

Leeds Professional Resources; West Palm Beach (FL); On-site; USD 110,000 - 120,000; Full time

Benefits offered by this job

Annual Bonus

Job summary

A leading financial services firm in West Palm Beach is seeking a Senior Fund Accountant to oversee accounting and financial reporting for investment funds. The ideal candidate should have 5+ years of fund accounting experience, strong analytical skills, and advanced proficiency in Microsoft Excel. This role entails managing complex fund operations, ensuring compliance with regulations, and mentoring junior accountants.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field; CPA, CFA, or equivalent certification preferred.
• 5+ years of fund accounting experience in hedge funds, private equity, venture capital, or similar investment vehicles.
• Advanced proficiency in Microsoft Excel and familiarity with fund accounting platforms (e.g., SS&C Geneva, Yardi, or Allvue).
• In-depth knowledge of fund structures, valuation methodologies, and regulatory requirements.

Responsibilities

• Manage end-to-end fund accounting processes, including journal entries, cash management, and investor allocations.
• Calculate and review Net Asset Value (NAV) for funds, ensuring precision and adherence to deadlines.
• Perform detailed reconciliations of fund accounts, including investments, capital accounts, and fee structures.
• Prepare comprehensive financial statements, investor reports, and performance metrics.
• Ensure compliance with regulatory standards and accounting frameworks.
• Lead process improvements, including automation and system enhancements.

Job description

Base pay range

$110,000.00/yr - $120,000.00/yr

Additional compensation types

Annual Bonus

Senior Executive Recruiter at Leeds Professional Resources

Job Summary:

We are seeking a highly skilled Senior Fund Accountant to join our investment management team. This role is responsible for overseeing the accounting and financial reporting for various investment funds, ensuring accuracy, compliance, and timely delivery of financial data. The ideal candidate will have deep expertise in fund accounting, strong analytical skills, and proficiency in financial software and Microsoft Excel. This position requires leadership in managing complex fund operations and collaborating with internal and external stakeholders.

Key Responsibilities:

• Manage end-to-end fund accounting processes, including journal entries, cash management, and investor allocations.
• Calculate and review Net Asset Value (NAV) for funds, ensuring precision and adherence to deadlines.
• Perform detailed reconciliations of fund accounts, including investments, capital accounts, and fee structures.
• Prepare comprehensive financial statements, investor reports, and performance metrics on a monthly, quarterly, and annual basis.
• Use Microsoft Excel for advanced data analysis, forecasting, and reporting (e.g., complex formulas, pivot tables, and scenario modeling).
• Ensure compliance with regulatory standards (e.g., SEC, IRS) and accounting frameworks (GAAP, IFRS).
• Coordinate with external auditors, administrators, and custodians to facilitate audits and resolve discrepancies.
• Monitor fund expenses, management fees, carried interest, and distribution waterfalls.
• Lead process improvements, including automation and system enhancements, to increase efficiency.
• Mentor junior fund accountants, providing guidance on technical accounting and industry practices.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field; CPA, CFA, or equivalent certification preferred.
• 5+ years of fund accounting experience in hedge funds, private equity, venture capital, or similar investment vehicles.
• Advanced proficiency in Microsoft Excel and familiarity with fund accounting platforms (e.g., SS&C Geneva, Yardi, or Allvue).
• In-depth knowledge of fund structures, valuation methodologies, and regulatory requirements.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing