Summary
Entrepreneurial opportunity with a Newly Launched Private Equity Fund Administration Firm!
Company Information:
Newly launched Fund Administration Firm, specializing in Private Equity funds, Real Estate funds, Credit funds, and Infrastructure funds. Due to growth, the firm is looking for an Senior Fund Accountant to provide accounting services including preparation and processing of transactions and financial statements with supporting schedules and work papers for its Iselin, New Jersey office.
Job Description:
• Work closely with the client engagement manager and client counterpart to manage daily fund operations and have an active role in client and 3rd party communications
• Implement initial set up of the clients funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and take on a first reviewer role on all client deliverables
• Review and evaluate the general ledger and all bookkeeping and accounting records to assess accuracy, completeness, and conformance to fund governing documents and reporting standards
• Compile all transaction support and analyze financial information
• Prepare and/or aid in review of capital call and distribution calculations and notices
• Prepare and/or aid in review of work papers, calculate carried interest, allocate profits and losses in accordance with fund governing documents
• Prepare and/or aid in review of period-end financial statements (with footnotes at year-end) as well as period-end partner capital statements
• Prepare and/or aid in review the schedule of investments and understand all portfolio investment documents and activity and properly set up investment structures including holding companies, AIV, and blockers
• Utilize Investran accounting software to maximize reporting outputs
• Assist with any aspects necessary for new fund transition and/or set up including new clients, new legal entities, and new investors
• Train, teach and provide guidance to Fund Accountants within client group
• Assist with year-end goal and performance reviews
• Help manage and assist the client engagement manager with planning of annual audit and liaise with the client and various other counterparties
• Adhere to all internal organizational policies and procedures including time tracking, filing, organizational structure control, etc.
• Assist with various ad-hoc special projects and client requests
• Maintain confidentiality of all sensitive and confidential data
• Additional duties as necessary
Requirements / Qualifications:
• 3-6 years of relevant experience working with Private Equity funds, Real Estate funds, Credit funds, Infrastructure funds, or fund administration or investment accounting
• Experience reading fund governing documents and understanding legal structures
• Proficiency in Private Equity funds, Venture Capital funds, Real Estate funds, Credit funds, or Infrastructure funds financial reporting
• Must have working knowledge of realized and unrealized waterfall allocations
• Investran accounting software experience preferred
• Advanced with Microsoft Office – specifically Excel
• Strong written and verbal communication skills
• Attention to detail, ability to multi-task and complete assigned duties under strict deadlines
• Self-motivated with the ability to work well under pressure individually as well as in a team environment
• Bachelor’s or advanced degree in Accounting, Finance, or related field required
