Role:
The Fund Accounting Manager will be responsible for the management of the finance and accounting work streams for KSL's fund vehicles. Responsibilities include management/oversight of capital activity process including distribution of carried interests, quarterly reporting and annual financial statements, and supporting annual tax compliance processes. The role works closely with Fund administrators, Auditors, Tax, and Investment Professionals.
Responsibilities:
- Oversee the quarterly and annual NAV and financial statement process, reviewing work prepared by our third-party administrator, including:
- Carried interest calculations & allocations
- Working closely with FP&A team on fund projections and deal-level allocation models
- Allocation of partnership interests across funds and deals
- Ensuring accounting and presentation is consistent with U.S. GAAP and Limited Partnership Agreements
- Coordinate and assist with the funds' day-to-day operations, including:
- Planning and coordination capitals calls and distributions, managing end-to-end process and reviewing calculations and notices produced by our third-party administrator
- Managing treasury and wire process for Funds
- Subscription Line of Credit management
- Coordination of deal funding
- Oversee annual audit process for assigned funds, coordinating with fund administrator and auditors
- Assist Investment Professionals, Investor Relations, and Compliance, among others, providing information and data to respond to queries and performing ad hoc analyses based on the funds' or investors' activity
- Contribute industry and operational knowledge to product development and new fund launches
- Assist with quarterly valuation of investments and forecasting processes
- Support CFO / Controller and department with ad hoc special projects
Desired Skills and Experience:
- Bachelor's or higher degree in Accounting or Finance
- Professional certification (CPA or equivalent) strongly preferred
- 5-7 years of finance and/or accounting experience, 2-3+ years' experience with private equity fund accounting and operations
- Knowledge of Investment Company accounting and legal structures
- Ability to communicate and interact professionally and effectively through written and oral communication with internal teams, investors, and service providers
- Advanced proficiency with Microsoft Office Suite
- Strong analytical skills
- Attention to detail
- Strong work ethic and desire to expand one's knowledge, impact, and role
- Ability to prioritize, multi-task, work under pressure and meet deadlines
The above statements are intended to describe the general nature and level of work performed by employees assigned to this classification. The statements are not intended to be an exhaustive list of all job duties performed by employees assigned to this classification.
