Job Description:Position SummaryOur Private Equity Fund Services team is seeking an Associate to support fund accounting, investor servicing, and cash operations for private equity clients. This role is well suited to an early-career accounting or finance professional who is highly organized, control-minded, and eager to learn. The Associate will also assist with fund-level payment processing, investor distributions, capital activity, cash reconciliations, financial reporting, and related internal-control activities. Work is performed in accordance with documented procedures and is subject to appropriate review and approval.
Key ResponsibilitiesFund Accounting and Reporting- Record daily journal entries and maintain supporting schedules for cash, capital activity, fund expenses, and other fund transactions.
- Prepare cash and bank reconciliations, research reconciling items, and escalate unresolved exceptions in a timely manner.
- Assist with quarterly and annual reporting packages, financial statements, and supporting documentation for management, client, audit, and tax requests.
Fund-Level Payments and Cash Operations- Assist with the end-to-end processing of approved fund-level payments, including operating expenses, professional fees, management fees, investment-related funding, and other authorized disbursements.
- Review payment requests and supporting documents for completeness and accuracy, including the legal entity, account, payee, amount, due date, coding, banking details, and required approvals.
- Prepare wire, ACH, or other payment instructions in banking or treasury platforms for independent review and release, while observing payment cutoffs, dual-authorization requirements, and segregation of duties.
- Monitor fund cash balances and anticipated funding needs; support short-term cash forecasts and account-funding requests as directed.
- Maintain payment logs, approval evidence, and bank confirmations; reconcile completed payments and promptly follow up on rejected, returned, delayed, or otherwise unmatched transactions.
- Coordinate with banks, custodians, administrators, vendors, and internal teams to resolve payment-related questions and service issues.
- Support and assist with annual 1099 reporting process for fund level vendors as well as vendor management.
Internal Controls and Operational Support- Assist with quarterly internal control monitoring and related annual external control audit requests, quarterly user-access reviews, issue tracking, and remediation follow-up.
- Help coordinate annual update of SOC control policies procedures and support control related special projects as directed by management.
Qualifications and SkillsRequired- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
- Zero to two years of relevant experience in fund administration, private equity fund accounting, treasury or payment operations, investor services, audit, or other financial services; internships and co-op experience are considered.
- Foundational knowledge of accounting, cash activity, bank reconciliations, and financial controls, with the ability to apply established procedures consistently.
- Strong attention to detail and a disciplined approach to validating payment and distribution data, including entity, account, payee or investor, amount, date, approval, and banking information.
- Working knowledge of Microsoft Excel and the ability to learn fund-accounting systems, banking platforms, workflow tools, and investor portals.
- Understanding of, or willingness to learn, core control principles such as segregation of duties, dual approval, evidence retention, exception management, confidentiality, and timely escalation.
- Strong written and verbal communication, organization, time management, and problem-solving skills, with the ability to meet payment cutoffs and multiple recurring deadlines.
- Ability to work effectively both independently and as part of a team in a fast-paced, client-service environment.
Preferred- Exposure to private equity fund structures, capital calls, and investor distributions.
- Experience supporting payment processing, investor distributions, audit or control testing, cash operations, or related financial-operations workflows.
- Knowledge of Investran preferred but not require
- Familiarity with multiple online banking portals, treasury-management, document-management, or investor-portal platforms.
The pay rate range for this job position is $71,000 to $100,390. Actual compensation is influenced by a variety of relevant factors including but not limited to applicant's skills, prior experience, qualifications, degrees, professional certifications, work arrangements and geographic location. Baker Tilly offers a comprehensive compensation and benefits package to eligible employees.
