Senior Fund Accountant, Fund Accounting - Private Equity

StepStone Group; Charlotte (NC); On-site; USD 95,000 - 105,000; Full time

Job summary

StepStone Group in Charlotte, NC is seeking a Senior Fund Accountant to support day-to-day accounting and financial statements for the fund partnership vehicles. You will work with a team of accountants and fund administrators across Treasury and Operations.

Responsibilities include reviewing investor cash flow, tracking daily cash activity, assisting in audits, and coordinating reporting with partners. Strong Excel skills and deadline management are required.

Qualifications

• CPA preferred.
• Four-year college degree with a major in accounting.
• Two to four years of private equity partnership or real estate fund accounting experience.
• Strong Excel and written/verbal communication skills.

Responsibilities

• Review calculations of investor cash flow activity including capital call and distribution notices.
• Track daily cash activity, including wire payments and daily cash projections.
• Review management and performance fees.
• Assist in the review of quarterly unaudited and annual audited financial statements.
• Assist in the review of quarterly performance reporting.
• Review partner allocations and capital account statements.
• Support the investment team in closing transactions and reporting requirements.
• Coordinate delivery of required reporting with fund administrators.
• Understand partnership agreements and reporting requirements.

Skills

Microsoft Excel

Education

Bachelor degree in accounting

Job description

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.

The Senior Fund Accountant will support the day-to-day accounting and financial statements of the Company’s fund partnership vehicles. In this position, the Senior Fund Accountant will work with a team of accountants and various fund administrators. The Senior Fund Accountant will also work closely with the Fund Accounting Treasury and Operations teams along with the Investment Operations team.

Essential Job Functions

• Review calculations of investor cash flow activity including capital call and distribution notices
• Track daily cash activity, including setting up wire payments and daily cash projections
• Review management and performance fees
• Assist in the review of the quarterly unaudited and annual audited financial statements in accordance with GAAP / IFRS
• Assist in the review of quarterly performance reporting
• Review workpapers and supporting documentation for the annual financial statement audit
• Review partner allocations and capital account statements
• Support the investment team in the closing of transactions, including responding to information requests, review of allocations, review of reporting requirements and other support and analysis as needed
• Support various fund administrators and coordinate delivery of required reporting,
• Understand partnership agreements and interpret reporting requirements and partner economics
• Correspond with Corporate Accounting / General Partners regarding accounting/reporting questions, or comments
• Review distribution waterfalls and carried interest
• Respond to investor requests in a professional and timely manner
• Assist tax department with Fund and investor K-1s review and various tax payments
• Perform other duties as requested or as responsibilities dictate

Qualifications

• CPA preferred
• Must possess a four-year college degree with a major in accounting
• Two to four years of private equity partnership or real estate fund accounting experience
• Strong Microsoft Excel experience Required Knowledge, Skills, and Abilities:
• Ability to multi-task and manage priorities against key deadlines in a fast-paced environment
• Previous experience with Real Estate accounting, Investment Company Accounting and ASC 820 (FAS 157)
• Must be able to work independently, but contribute in a team-oriented environment
• Strong verbal and written communication skills

Salary: $95,000 - $105,000

The salary is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary does not include any benefits or other forms of possible compensation that may be available to employees.

At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Candidates must be at least 18 years old to apply.

Developing People at StepStone