Senior Fund Accountant

About the Role

Senior Fund Accountant

Location: New York, NY

Position Overview

A private investment firm is seeking a Senior Fund Accountant to join its finance and accounting function. The firm invests in established middle-market businesses across media, communications, and entertainment and manages a multi-fund investment platform. This position will play an integral role in the firm's financial reporting, fund operations, and investor-related activities. Working closely with senior finance leadership, investment professionals, investor relations, and external service providers, the successful candidate will oversee key accounting processes, evaluate complex fund transactions, and contribute to the continued development of the firm's financial infrastructure. The ideal candidate brings a strong foundation in private equity fund accounting, a detail-oriented approach, and the ability to operate effectively in a collaborative, entrepreneurial environment.

Responsibilities

• Oversee periodic fund reporting and accounting reviews, including net asset value calculations, financial statements, capital account activity, and investor allocations.
• Evaluate investor contributions, distributions, management fees, and carried interest calculations to ensure consistency with governing fund agreements.
• Review investor reporting packages and capital account information for accuracy and completeness before distribution.
• Assist with investment valuation activities, including financial analysis, valuation model updates, supporting documentation, and committee reporting.
• Lead coordination of annual financial statement audits, serving as a key liaison between internal stakeholders, external auditors, and third-party administrators.
• Partner with external tax advisors on fund tax filings, investor tax reporting, estimated payments, extensions, and entity-level compliance.
• Collaborate with Investor Relations to address investor inquiries, prepare due diligence materials, and support periodic reporting requests.
• Monitor fund liquidity, oversee bank reconciliations, and coordinate investment-related cash movements with the investment team.
• Identify opportunities to strengthen accounting controls, streamline recurring workflows, and enhance reporting through technology and automation.

Qualifications

• 5–7 years of relevant experience in private equity fund accounting, alternative investment administration, or asset management audit.
• Experience in a public accounting environment, particularly auditing investment management clients, combined with fund accounting or administration experience, is highly desirable.
• Bachelor's degree in Accounting, Finance, or a related discipline; CPA certification is preferred.
• Strong understanding of investment company accounting under US GAAP, including ASC 946 and fair value measurement under ASC 820.
• Familiarity with private equity fund documentation, partnership accounting, carried interest, and distribution waterfall calculations.
• Knowledge of complex investment structures, including feeder funds, parallel vehicles, blocker corporations, and special purpose entities.
• Advanced Microsoft Excel capabilities; experience with FIS Investran or comparable fund accounting platforms is beneficial.
• Strong analytical, organizational, and problem-solving skills, with exceptional attention to detail.
• Effective written and verbal communication skills and the ability to work with both financial and non-financial stakeholders.
• Demonstrated initiative, sound professional judgment, and the ability to manage competing deadlines with limited supervision.

Required Skills

• Strong understanding of investment company accounting under US GAAP, including ASC 946 and fair value measurement under ASC 820.
• Familiarity with private equity fund documentation, partnership accounting, carried interest, and distribution waterfall calculations.
• Knowledge of complex investment structures, including feeder funds, parallel vehicles, blocker corporations, and special purpose entities.
• Advanced Microsoft Excel capabilities; experience with FIS Investran or comparable fund accounting platforms is beneficial.
• Strong analytical, organizational, and problem-solving skills, with exceptional attention to detail.
• Effective written and verbal communication skills and the ability to work with both financial and non-financial stakeholders.
• Demonstrated initiative, sound professional judgment, and the ability to manage competing deadlines with limited supervision.