Associate Director - Private Equity Fund Accounting

SS&C • Union, NY

1d • Hybrid

About The Position

The Associate Director oversees the accounting and administration of multiple alternative investment funds, primarily for private equity clients. The role combines technical fund-accounting expertise with client relationship management, team leadership, and oversight of fund operations such as financial reporting, investor allocations, distribution waterfalls, and audit coordination. Success requires strong project-management skills, hands-on leadership, excellent client service, and a commitment to developing and mentoring staff.

The position manages fund relationships and client deliverables; reviews fund and investment documentation, accounting workpapers, fees, allocations, capital calls, distributions, waterfall models, and financial statements; and manages year-end audits in collaboration with clients and auditors. The Associate Director also oversees staff development, performance feedback, and related hiring and termination decisions.

The role is hybrid and based in Union, New Jersey; New York, New York; or Boston, Massachusetts. SS&C offers a total rewards package that includes medical, dental, and vision coverage, a 401(k) plan with company match, paid time off, holidays, parental leave, and professional development reimbursement opportunity. Employees may also be eligible for discretionary annual bonuses and/or equity awards, based on individual and business performance and company discretion.

Requirements

• Bachelor’s degree in Accounting or a related field.
• 12+ years of accounting experience, focused on alternative investment funds.
• 3+ years of experience supervising two or more professional staff.
• Direct responsibility for hiring and termination decisions and continuous performance feedback to staff.
• Hands-on management style and strong leadership skills, including the ability to develop staff.
• Demonstrated project-management skills and ability to multitask.
• Excellent interpersonal and communication skills.
• Proficiency in Microsoft Office, with advanced Excel skills.
• Team-player approach.

Nice To Haves

• Private equity experience.
• Master’s degree.
• CPA designation.
• FIS Investran experience.

Responsibilities

• Manage multiple fund relationships, scheduling and meeting client deliverables.
• Manage client expectations and coordinate deliverable timelines with staff.
• Apply knowledge of accounting for alternative investment funds, particularly private equity funds.
• Participate in new-business discussions with prospective and existing clients.
• Prepare and maintain goals and career development plans for direct reports.
• Conduct semiannual performance appraisals and discussions with direct reports.
• Provide staff guidance on technical and client-service matters.
• Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements to ensure fund terms are properly applied.
• Review transaction documentation and supporting files, including investment transaction features and accruals.
• Review workpaper files for accuracy and completeness, including capital and investment activity, income and expense accruals, and valuation adjustments.
• Review management fee calculations, including offsetable amounts and management fee waiver contributions.
• Review investor allocations and capital account statements.
• Review capital call and distribution calculations, sources and uses of cash, allocations, and investor notices.
• Create, maintain, and/or review distribution waterfall (carried interest) models in accordance with fund terms.
• Prepare and/or review financial statements, note disclosures, and supporting schedules.
• Develop and maintain robust review procedures for deliverables.
• Manage the year-end audit process in collaboration with clients and auditors.
• Make hiring and termination decisions and provide continuous performance feedback to staff.

Benefits

• Medical coverage
• Dental coverage
• Vision coverage
• 401(k) plan with company match
• Paid time off
• Paid holidays
• Parental leave
• Professional development reimbursement opportunity
• May be eligible for discretionary annual bonus
• May be eligible for equity awards, such as restricted stock units or stock options

What This Job Offers

• Job Type: Full-time
• Career Level: Senior