Summary
Awesome opportunity to break in with a young, collaborative and thriving Private Equity firm! The role directly supports Senior Management and has direct exposure and interaction to the Front Office / Investment Professionals
Company Information:
The firm, with several billion dollars in Committed Capital is a New York-based investment advisor focused on private equity investments, co-investments, and private credit funds. The Firm advises its parent company, which is a global insurance and financial services organization.
Hybrid schedule: 3 Days per week in-office
Job Description:
Overview:
The Fund Accountant will join our accounting team, playing a crucial role in collecting and inputting financial and investment data. This role supports various accounting activities, including capital calls, distribution calculations, waterfalls, monthly and quarterly financial reporting, cash and bank reconciliation, and collection of all underlying investment documentation.
Responsibilities:
- Download and organize investment communications and documents within the PE document management system.
- Maintain and manage login credentials for third-party investment platforms to extract relevant documents.
- Assist with the timely preparation of monthly and quarterly financial reports.
- Perform bank reconciliations, process journal entries, and prepare supporting financial schedules.
- Respond to routine client inquiries and provide accurate information as needed.
- Prepare work paper files, ensuring accuracy and completeness, including tracking capital activity, fund of fund investment activity, accruals, and valuation adjustments.
- Assist in management fee calculations and prepare the necessary supporting schedules.
- Prepare investor allocations and capital account statements.
- Calculate capital calls and distributions, including sources/uses of cash, and draft investor notices.
- Update waterfall models for carried interest calculations, aligning with fund-specific terms.
- Contribute to the preparation of financial statements, including note disclosures and supporting schedules.
- Collaborate with the audit team to support year-end audits and provide necessary documentation.
- Assist the tax team with information for tax compliance and reporting when necessary.
- Participate in special projects and handle ad hoc requests as directed by management.
Requirements / Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field.
- 0-2 years of accounting experience; financial services sector experience is a plus.
- Strong academic foundation in financial accounting, including journal entries, cash transactions, reconciliations, and capital activity.
- Ability to meet strict deadlines and complete tasks independently.
- Proficient in Microsoft Office Suite, especially Excel.
- Strong attention to detail and ability to manage multiple tasks effectively.
- Self-motivated, with strong interpersonal and communication skills.
- A team player who collaborates well with colleagues.
- Experience with AltaReturn is a plus but not required.
