Accounting Manager - Fund Accounting

Position Overview

The Accounting Manager will be responsible for management and oversight of the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity, Venture Capital, Real Estate & Infrastructure investments in primary and secondary limited partnership investments and direct equity co- investments. In this position, the Accounting Manager will manage a team of accountants and various fund administrators. The Accounting Manager will also work closely with the Fund Accounting Treasury and Operations teams along with the Investment Operations team.

Essential Job Functions:

• Manage and oversee a portfolio of funds, which includes but is not limited to:
• Review work prepared by the fund administrator
• Reviewing accounting entries from the Fund Administrator’s accounting and reporting systems
• Reviewing and reconciling cash and investment accounts with General Partner reports
• Reviewing of investment partnership reports
• Reviewing and reconciliation of capital account activity
• Review quarterly unaudited and annual audited financial statements in accordance with GAAP
• Coordinate preparation of annual audits with outside CPA firm
• Review partner allocations and capital account statements
• Manage process for delivering quarterly and annual investor reports and other ad-hoc communications
• Review performance reports prepared by the SPAR team
• Calculate and distribute investor capital call and distribution notices
• Understand partnership agreements and interpret reporting requirements and partner economics
• Calculate management fees, distribution waterfalls and carried interest
• Corresponding with General Partners regarding accounting/reporting questions, or other issues, as necessary
• Corresponding with underlying investors regarding questions, requests,
• Respond to investor requests in a timely manner
• Perform other duties as requested or as responsibilities dictate
• Perform Treasury management functions, including
• Review and/or approve wire templates and wires
• Monitor the Fund’s cash positions and prepare cash projections as needed
• Manage the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, review of interest and unused fee calculations
• Perform other duties as required, including but not limited to:
• Review of K-1s and support for tax reporting and analysis of tax matters
• Support for the Compliance team, including preparation of materials for ADV, Form PF, SLT, etc.

Education and/or Work Experience Requirements:

• Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting
• CPA and/or MBA Preferred
• A Bachelor’s Degree in Accounting with 5-7 years' professional accounting experience
• Ability to multi-task and manage priorities against fast-paced key deadlines
• Ideal candidates will have experience with SEC registered investment advisors
• Must be able to work independently but contribute in a team-oriented environment
• Previous experience with Investment Company Accounting and ASC 820 (FAS 157) and FIN 48
• Strong Microsoft Excel experience
• Experience training and managing junior professionals and reviewing the work of others

Required Knowledge, Skills, and Abilities

• Strong written and verbal communication skills
• Ability to maintain strict confidentiality of client, investment and company information
• Ability to problem solve and leverage technology
• Acute attention to accuracy and detail
• Professional demeanor and an ability to work well in a team environment
• Highly proficient in using Excel, Word, and other Microsoft office programs
• Willingness and ability to learn and implement new programs and processes

Salary Range - $120,000 - $130,000

The salary range 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 range does not include any benefits or other forms of possible compensation that may be available to employees.

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