Director, Fund Accounting

Cambridge Associates-posted 14 days ago
$158,100 - $211,900/Yr
Full-time • Director
Boston, MA
1,001-5,000 employees
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We are seeking an experienced and highly motivated Director to join the Fund Solutions team. This individual will play a key leadership role in overseeing the fund accounting, financial reporting, operations, and control environment for our funds. This role requires technical expertise in fund mechanics (capital calls, distributions, waterfalls, credit facilities, and carried interest) and the ability to manage a team in delivering accurate, timely, and investor-ready outputs. The individual will partner closely with the Fund CFO, Fund Senior Director, Tax, Investor Relations, Legal and Operations to ensure financial integrity and drive process efficiency across multiple fund products.

  • Oversee the accounting, reporting, and financial operations for commingled funds, single manager funds, single investor funds, and other structures as needed. Fund structures may include, but not limited to master-feeder structures, offshore blockers, etc.
  • Review quarterly and annual financial statements prepared under the appropriate governance.
  • Ensure compliance with fund governing documents, regulatory requirements, and industry best practices.
  • Oversee capital activity processing (capital calls, distributions, transfers), ensuring accuracy of investor allocations and compliance with governing documents.
  • Monitor fund credit facilities, including drawdowns, repayments, covenant compliance, and IRR/fee impacts.
  • Lead the review of capital account statements, partner allocations, and carried interest calculations (as needed).
  • Support investor reporting and respond to investor inquiries in coordination with the Investor Relations team.
  • Provide analytical support on fund performance, management fees, and expense allocations.
  • Provide analysis and reporting for Fund CFO and senior management with analysis on funds, liquidity, expense ratios, and credit facility usage.
  • Maintain robust internal controls across accounting and reporting functions.
  • Manage external fund administrators, review NAV packages and reconciliations.
  • Partner with external auditors and fund administrators to ensure timely completion of audits, filings, and regulatory submissions.
  • Manage and mentor a team of accounting professionals; foster professional development and high performance while performing training as needed.
  • Drive process efficiencies, automation, and implementation of best practices across the Fund Solutions function.
  • Support initiatives, including new fund launches, structuring, waterfall modeling, fee mechanics, and capital structure design.
  • Collaborate on treasury management, including forecasting for capital calls/distributions and optimizing credit facility usage, and cash management matters.
  • Bachelor’s degree in accounting, finance, or related field; CPA preferred but not required.
  • 8+ years of progressive accounting/finance experience, ideally with a mix of public accounting and private equity/asset management industry experience.
  • Strong technical knowledge of US GAAP, fund accounting, and partnership structures.
  • Experience with fund structures (master-feeder, blocker entities, co-investment vehicles, SPVs, etc.).
  • Familiarity with fund credit facilities (including impact on IRR), management fee mechanics, carried interest waterfalls, and capital call/distribution processes.
  • Proven ability to manage teams and build strong cross-functional relationships.
  • Experience managing third-party fund administrators and external auditors.
  • Excellent analytical, organizational, and critical thinking skills; ability to manage multiple priorities in a fast-paced environment.
  • In addition to the listed salary range, this position is eligible for an annual performance-based bonus and a comprehensive, competitive benefits package.
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