Fund Accounting Manager

Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centres – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram. Please discuss the work location status with your Baker Tilly talent acquisition professional to understand the requirements for an opportunity you are exploring. Baker Tilly is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, gender identity, sexual orientation, or any other legally protected basis, in accordance with applicable federal, state or local law. Job Description The Private Equity Fund Services (PEFS) Manager is responsible for overseeing the day-to-day operations of private equity client deliverables, which includes quarterly financial reporting, capital call and distribution calculations and the related notices, carried interest calculations, management fees and other complex fee calculations, reviewing fund liquidity and treasury requests on a recurring basis, as well as ad-hoc investor relations requests. Additionally, the PEFS Manager will be responsible for managing client relationships, which include serving as an escalation point for both internal employees and clients. This position will require regular interaction with clients, team members, and internal management. This position requires a mastery of complex private equity fund accounting skills, the ability to oversee the complete financial reporting and capital call/distribution process and will have direct management and oversight of the teams’ seniors and associates. This position will serve as a resource to other members of the team and will provide guidance, coaching, training, and additional support as needed. Responsibilities Oversee and review the preparation and distribution of quarterly financial statements to investors of the Fund. Oversee and review the preparation and distribution of quarterly investor capital statements to investors of the Fund. Oversee and review the preparation of schedules to support the general ledger balances reported in the quarterly financial statements. Oversee and review the preparation and distribution of capital call notices to investors, notifying them when contributions are due and ensuring the capital call adheres to the Fund's Operating Agreement. Oversee and review the preparation and distribution notices to investors, notifying them when proceeds will be received and ensuring the calculation adheres to the distribution provisions of the Fund's Operating Agreement. Understand and interpret terms set forth within a Fund's Operating Agreement. Calculate and review complex waterfall structures and associated carried interest. Calculate management fees owed to the management Company for investment and portfolio management services provided to the Fund. Ensure such management fees are paid promptly and timely. Communicate directly with the Fund's General Partners (or Managers) and respond promptly to their requests, providing them with requested information. Complete required regulatory forms to ensure the Fund is in compliance; compliance includes debt covenants with lenders, regulation requirements, or any other compliance provisions stipulated in the Fund's Operating Agreement. Review investment agreements to confirm the purchases and sales agree to the cash movements at the Fund level. Interact with auditors and provide them with reports/support to assist them during the year end audit. Complete audit confirmations to satisfy procedures performed for the audits of investors or the Fund. Ability to multi-task between different tasks, client deliverables, and internal demands throughout the day. Provide supervision, guidance, and coaching to the team, including regular training support as needed. Continually update job knowledge by participating in educational opportunities; internal company and team trainings; maintains personal networks; and participate in professional development opportunities. Demonstrate an ability to take on additional duties as assigned by management. Demonstrate mastery of technical skillset including use of Excel and other software utilized by PEFS. Demonstrate mastery of subject matter when advising clients on various client questions or concerns. Consistent resource for other team members with regard to technical questions or questions pertaining to team processes and procedures. Conduct ongoing team trainings while providing input as to the continued training and opportunities at a global company level. Provide daily leadership across the team and the organization. Serve as escalation point for internal team members and for the client relationships. Assist and, at times, lead new business development objectives. Qualifications 5 years’ (relevant) experience in Accounting or related field 2+ years’ supervisory experience in the following: performance management (including coaching, staff management, performance review delivery etc.), training, talent acquisition, and retention Experience with commercial real estate fund accounting, exposure to property-level and ownership accounting preferred Minimum of a Bachelor’s Degree in Accounting or related field Advanced degree (MBA or MSA) in Accounting or related field strongly preferred Certified Public Accountant (CPA) license is strongly preferred Experience in forecasting and budgeting during an accelerated growth period Proficient in Microsoft Office Suite with knowledge of Investran or other private equity accounting software is considered a plus Ability to multitask, time management, attention to detail, planning and problem solving skills required Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines Experience with Investran or Yardi preferred The pay rate range for this job position is $99,000 to $191,260. 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. #J-18808-Ljbffr