Job Description Summary:The Opportunity
We are seeking a diligent, detail-oriented Fund Accounting Associate to join our team. This role will support the accounting, financial reporting, NAV oversight, and audit coordination activities for a range of fund vehicles, including Single Investor Funds (SIFs), Single Manager Funds (SMFs), and other commingled structures across hedge funds, private equity, mutual funds, derivatives, and fund-of-funds products.
The Associate will work closely with internal teams and external service providers, including fund administrators, auditors, legal, compliance, tax, operations, and client service teams, to help ensure accurate reporting, efficient fund operations, and timely resolution of issues. The ideal candidate is adaptable, organized, analytically minded, and eager to continuously improve processes in a fast-paced and evolving environment.
Job Description:Key Responsibilities- Review and reconcile Net Asset Value (NAV), portfolio positions, capital call and distribution activity, fund expense accruals, and cash balances for a variety of fund vehicles.
- Identify, investigate, and help resolve discrepancies in accounting records, NAV packages, and financial reporting prepared by third-party fund administrators.
- Review periodic and annual financial statements prepared by external fund administrators for accuracy, completeness, and compliance with applicable reporting standards and deadlines.
- Assist with the collection, preparation, and delivery of supporting documentation, reconciliations, and audit requests.
- Support regulatory and financial reporting requirements, including ensuring timely filings and maintaining organized records for audit and compliance purposes.
- Assist with quarterly reporting materials, including reports for investment teams, valuation committees, and other internal stakeholders.
- Monitor and manage cash activity and cash projections for fund vehicles, including capital calls from and distributions to investors.
- Review legal and governing documents, including Limited Partnership Agreements (LPAs) and Private Placement Memorandums (PPMs), to support accurate accounting, reporting, and compliance with fund terms.
- Liaise with fund administrators, auditors, and internal stakeholders to ensure clear communication, timely issue resolution, and efficient execution of fund operations.
- Monitor the performance of third-party service providers and vendors, including adherence to service level expectations.
- Retain, organize, and maintain financial records and support documentation.
- Participate in ad hoc analyses, and special projects designed to enhance efficiency, control environment, and scalability of fund accounting and reporting processes.
- Provide responsive, high-quality support to internal and external stakeholders by addressing inquiries in a timely and professional manner.
Qualifications- Bachelor's degree in accounting, finance, or a related field, or equivalent relevant professional experience.
- 1-2 years of experience in fund accounting, fund administration, audit, or financial reporting for private investment funds, hedge funds, private equity funds, mutual funds, investment companies, or fund-of-funds structures.
- Understanding of partnership accounting and closed-end fund structures, including capital calls, distributions, management fees.
- Strong analytical, organizational, and problem-solving skills with excellent attention to detail.
- Ability to work independently while collaborating effectively across teams and with external service providers.
- Strong written and verbal communication skills.
- Ability to manage multiple priorities and meet deadlines in a fast-paced, evolving environment.
- Team-oriented approach with the ability to build effective working relationships across functions.
- Client-service orientation and professionalism in stakeholder interactions.
Technical Skills- Advanced proficiency in Microsoft Excel, including lookups/reference formulas, and pivot tables.
- Proficiency in Microsoft Word.
- Experience with macros/VBA is a plus.
- Familiarity with Alteryx, Power BI, or other data analytics tools is a plus.
Base salary range for this role:
Pay Range Minimum:
70200
Pay Range Maximum:
91300
In addition to the listed salary range, this position is eligible for an annual performance-based bonus and a comprehensive, competitive benefits package. Actual placement within the stated salary range will be determined based on factors such as skills, experience, and qualifications, as well as internal equity.
