Fund Manager

Key Responsibilities

• Oversee fund accounting activities, including general ledger maintenance, monthly and quarterly reporting, and year-end financial statements.
• Review financial statements, investor allocations, capital account statements, and supporting schedules for accuracy and completeness.
• Oversee capital calls, distributions, investor contributions, and allocation of income, expenses, and investment gains or losses.
• Review fund reconciliations, cash activity, and investment transactions to ensure accurate financial records.
• Coordinate annual audits and work closely with external auditors to facilitate timely completion.
• Ensure fund accounting records and financial reporting comply with applicable accounting standards and fund governing documents.

• Serve as a primary point of contact for assigned clients, providing responsive communication and high-quality service.
• Build and maintain strong relationships with investment professionals, fund executives, and other client stakeholders.
• Manage client deliverables, reporting deadlines, and competing priorities across multiple fund engagements.
• Address client inquiries, investigate discrepancies, and communicate complex accounting matters effectively.
• Identify opportunities to enhance service delivery, strengthen client relationships, and improve overall client satisfaction.

• Oversee fund transactions and accounting processes throughout the investment lifecycle.
• Review partnership allocations, management fees, carried interest, and waterfall calculations, as applicable.
• Maintain accurate investor records and support investor reporting requirements.
• Coordinate with tax professionals on tax return preparation, K-1s, and related fund tax deliverables.
• Monitor compliance with fund agreements, reporting requirements, and established internal controls.

• Review and mentor fund accountants and senior fund accountants, providing technical guidance and quality control.
• Coordinate workflow, delegate responsibilities, and monitor deadlines to ensure timely and accurate deliverables.
• Identify opportunities to improve accounting processes, reporting efficiency, and client service.
• Collaborate with internal teams to resolve complex issues and establish consistent best practices.
• Contribute to the development of team members and the continuous improvement of fund administration operations.

Required Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum of five years of fund accounting experience gained within one or more of the following environments:
  • Private equity or venture capital firms.
  • Public accounting firms with relevant alternative investment or private fund clients.
  • Fund administration or fund services companies.
• Strong understanding of accounting principles and financial reporting.
• Experience preparing or reviewing financial statements, account reconciliations, and supporting schedules.
• Familiarity with investment fund structures, partnership accounting, and investor allocations.
• Strong organizational skills with the ability to manage multiple funds, clients, and reporting deadlines.
• Excellent written and verbal communication skills.
• Demonstrated ability to investigate accounting discrepancies, solve problems, and exercise sound judgment.
• Strong attention to detail and commitment to accuracy and client service.

Preferred Qualifications

• Experience with private equity or venture capital funds.
• Knowledge of partnership accounting, carried interest, management fees, and distribution waterfalls.
• Experience reviewing fund financial statements and coordinating external audits.
• Familiarity with capital calls, distributions, investor allocations, and investor reporting.
• Experience managing client relationships within a fund administration or professional services environment.
• Prior experience reviewing work, mentoring junior accountants, or managing a team.
• CPA designation or progress toward obtaining a CPA.
• Experience with fund accounting systems and advanced Excel functionality.

Compensation & Benefits

• Pay Range: $140,000-$160,000 annually, depending on qualifications, relevant fund accounting experience, and demonstrated expertise.
• Benefits Package: The company offers a comprehensive benefits package that includes the following benefits, subject to applicable plan terms and eligibility requirements:
  • Health Insurance: Medical, dental, and vision coverage.
  • Retirement Benefits: 401(k) retirement savings plan 
  • Paid Time Off: Paid vacation and/or PTO, paid holidays, and applicable paid sick leave.