Fund Administrator

Job Description

Fund Accountant

6 months

Open To following locations : Wall Street, New York, and New Jersey

Overview

Performs daily accounting activities in accordance with generally accepted accounting procedures, including maintenance of the general ledger and preparation of accounting statements and financial reports. Familiarity with general accounting concepts, practices, and procedures is required.

Job Summary

Works on a team of administrators (with some supervisory duties similar to a low senior accountant in public accounting) responsible for providing accounting, administration, financial reporting, regulatory reporting, and investor servicing to investment companies and advisers, including hedge funds, private equity funds, CLOs, and other alternative investment vehicles.

Serves as a trusted advisor to clients by assessing changing business needs and strategies while providing expertise, tools, and information to support investment growth. Acts as the escalation point for assigned clients, directing issue resolution and process improvements to meet client needs. Proactively identifies risk-related issues through qualitative and quantitative analysis, anticipates obstacles, and implements mitigating solutions.

Reviews accounting records and financial statements for audit and tax purposes, documents accounting treatment for unusual investment types, and oversees complex expense allocations, incentive fee calculations, and reconciliation items.

Responsibilities

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• Supervise and support a team of fund administrators responsible for accounting and investor servicing.
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• Provide accounting, administration, financial reporting, and regulatory reporting services for alternative investment funds.
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• Serve as the primary escalation point for client issues and oversee issue resolution.
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• Assess client needs and recommend operational improvements and strategic solutions.
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• Review accounting records, financial statements, and supporting documentation for audit and tax reviews.
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• Establish accounting principles for complex investment types.
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• Process and review complex expense allocations, incentive fee calculations, and reconciliations.
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• Identify operational and risk-related issues and implement appropriate controls and solutions.
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Basic Qualifications

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• Bachelor's degree in Accounting, Finance, or a related field, or equivalent experience.
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• 2–4 years of experience in the alternative investments industry at a fund, fund administrator, or Big Four/Mid-size public accounting firm performing fund audits.
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Preferred Skills & Experience

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• Working knowledge of Microsoft Office products.
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• Basic knowledge of Advent applications preferred.
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• Knowledge of the Confluence financial reporting platform preferred.
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• General understanding of portfolio accounting and the investment management industry.
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• Excellent verbal and written communication skills.
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• Strong organizational, leadership, and team collaboration skills.
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• CPA preferred.
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Disclaimer :

Russell Tobin is a leading minority-owned professional and technical recruitment and staffing advisory organization. We are comprised of specialized practices focusing on a variety of skill sets and industries. Having a depth and breadth of industry expertise, our subject matter experts are able to provide tailored and swift sourcing solutions to fulfill client hiring needs. In other words, we connect top talent with companies. We are the staffing arm of the Pride Global network, a minority-owned integrated human capital solutions firm, with additional offerings in vendor management, payroll programs, and business process optimization.

Russell Tobin offers eligible employee’s comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, auto, home insurance, pet insurance and employee discounts with preferred vendors.

Equal Employment Opportunity

Russell Tobin is an equal opportunity employer. We do not discriminate on the basis of the race, religious creed, color, national origin, ancestry, physical disability, mental disability, reproductive health decision making, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, veteran or military status, or any other characteristic protected by applicable federal, state, or local law.

Fair Chance Employment

Russell Tobin is a Fair Chance employer. We consider all qualified applicants, including those with criminal histories, in a manner consistent with applicable state and local Fair Chance laws and ordinances, including, the California Fair Chance Act and all applicable local Fair Chance ordinances.

Accommodations

We are committed to providing reasonable accommodations to applicants and employees with disabilities. If you require a reasonable accommodation to participate in the application or interview process, or to perform the essential functions of this role, please contact us.

Only applicable for San Francisco Candidates: Under the San Francisco Lactation in the Workplace Ordinance, we will provide written notice of lactation accommodation rights, and this notice will automatically be given upon hiring, any inquiry of parental leave or lactation accommodation.