Fund Accountant/ Investment Accountant

Company Overview:

Our client is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. We invest in businesses where our team can apply our experience and network of industry relationships to bring insights and support our management partners.

Our experienced team has invested successfully together for over 15 years with a history of consistently delivering superior returns for our stakeholders.

Finance and Operations position

Our client is looking for a Finance Associate to join our team in New York. We are seeking a bright, creative and conscientious individual with excellent analytical skills and a strong work ethic to join our team. Candidate should have at least 1.5 years relevant private equity accounting experience at either a public accounting firm, fund administrator or another private equity firm. The candidate will be responsible for collaborating with the CFO/CCO and VP of Finance to help manage the accounting, valuation and financial reporting function for the firm’s various private funds and partnership vehicles. Bachelor’s degree or equivalent in accounting preferred. Strong excel skills required and experience with Allvue a plus.

Job responsibilities include:

1. Support finance team, directly reporting to VP of Finance. Team consists of CFO/CCO, VP of Finance, and Accounts Payable Manager
2. Maintain GL, books and records for the client
3. Basic understanding of both fund and management company partnership accounting. Fund vehicles include AIV, blocker and feeder entities.
4. Treasury management e.g. funding investments, opening new bank accounts, facilitating all transactions including wires, documentation, bank reconciliations, etc.
5. Prepare quarterly financial statement packages, including journal entries in Allvue (funds are self-administered), generate partners’ capital account statements, and quarterly performance reports
6. Prepare capital calls and distributions
7. Review fund documents to understand various partnership, AIV structures and economics for each vehicle such as management fees and carried interest
8. Address limited partners’ inquiries relating to their investments in the funds Assist in providing analysis and support requested by senior management
9. Collaborate with auditors and tax preparers and provide support for year-end audited financial statements and annual K-1s
10. Allocations of expenses between funds
11. Maintain structure charts for fund and portfolio investment
12. Maintain CRM with investor contacts, demographics and wire instructions, and investor portal Some exposure to compliance e.g. support for Form ADV and Form PF, AML/KYC screening
13. Ability to handle multiple projects and deliverables in a dynamic, fast-paced environment