Fund Accounting – Team Leader
Job Description
• Optimize and streamline processes to increase efficiency. Historical accounting data has been tracked
in Microsoft Excel. The individual will be required to recommend standard go-forward processes,
review capital activity and other data in preparation for the implementation of technology solutions.
• Supervise Senior Associate work streams/deliverables.
• Document procedures and policies across multiple funds/investments. The individual will be required
to understand and assist with reviewing documentation of deal-by-deal allocation rules that vary by
fund and investor classes.
• Demonstrate strategic thinking and effectiveness by identifying future needs and problem areas,
developing and implementing workable solutions.
• Review work paper filesfor accuracy and completeness, including capital activity, investment activity,
income, fund flow through expense and direct expense allocations.
• Oversee the maintenance, preparation, and review of investor allocations and capital account
statements by deal by fund.
• Review deal by deal capital calls allocations and distribution, allocate expenses, and prepare investor
capital notices.
• Review and assist with tracking and maintaining carried interest issuances, updating deal by deal
carry, re-allocating carry for issuances and forfeitures based on each fund's allocation rules,
calculating vesting by deal by fund.
• Summarize key provisions from fund agreementssuch as allocation methodology, clawback provisions
and holdback requirements, expense policies and methodologies.
• Review and assist with monthly cash reconciliations for numerous funds. This requires downloading
bank cash activity, tracking expense reserves, tax withholdings and payments and other reconciling
items.
• Oversee and review the recording of monthly journal entries in Investran based on the capital activity.
• Review quarterly trial balances and reconcile fund accounting workpapers as well as general partner's
year-to-date and life-to-date capital activity summary and reconciliations.
• Maintain tax withholdings and payments by investor, fund and legal entity.
• Maintain or review year-to-date and life-to-date capital activity.
• Maintain the General Partner commitment tracker by Fund.
• Assist with ad-hoc reporting needs.
Qualifications:
• Bachelor's degree in accounting or finance.
• Previous General Partner Accounting experience or at minimum, Fund accounting experience.
• 7-10 years' experience in accounting, with a focus in private equity
• 1-3 yearssupervisory experience
• Demonstrate a strong knowledge of accounting, with a focus on private equity funds.
• High attention to detail, accuracy and timeliness with proven ability in managing multiple deliverable
timelines concurrently.
• Ability to own and complete various workstream.
• Ability to provide valuable insight and assist with initiatives.
• Ability to delegate tasks and work requirements to resources ensuring clear responsibilities, deadlines
and deliverables.
• Experience with financial data analysis
• Proficiency in Microsoft Office suite, with advanced Excel skills
• Knowledge of ERP systemsrequired (Sage Intact and Investran)
• Understanding accounting and finance process flows and how information is consolidated into the
general ledger, to ensure improvement and value creation.
• Good English, oral and written, communication skills.
• Ability to follow procedures.
• Ability to meet assigned deadlines.
• Strong communications skills.
• Self-motivated / energetic individual.
• Experience with DealCloud CRM platform a plus.
• Team Lead duties
