Director of Fund Accounting

Jet Support Services, Inc. • Chicago, IL

18h

About The Position

We are seeking a detail-oriented and analytical Director of Fund Accounting to join our team. The Fund Controller will be responsible for maintaining financial reporting, managing daily operations like transaction fundings, debt facility operations, capital calls and distributions, fund administration, and regulatory compliance while ensuring accuracy through internal controls and audits, working with the funds third party administrator as well as the external auditors. This role is critical in supporting fund operations, investor reporting, and overall financial integrity.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field
• 10+ years of accounting and operational experience, ideally in asset management, hedge funds, or private equity
• Strong knowledge of GAAP and investment fund structures
• Proficiency in accounting software and Microsoft Excel
• Excellent analytical, organizational, and problem-solving skills
• Strong attention to detail and ability to meet deadlines in a fast-paced environment
• Ability to work independently and as part of a team
• Strong communication skills for interaction with internal and external stakeholders
• High integrity and commitment to accuracy
• Adaptability to evolving financial regulations and industry practices

Nice To Haves

• CPA or progress toward CPA designation preferred

Responsibilities

• Own the relationship with our third-party administrator, Carta
• Prepare internal books and records in accordance with GAAP for monthly internal reporting and reconciliation with third-party administrator
• Oversee the monthly invoicing process to lessees
• Track monthly lessee / borrower payment activity and manage or escalate collection communication as needed.
• Support administration of our external debt warehouse facility and ensure compliance with monthly reporting requirements
• Partner with our Compliance team to ensure we are in good standing with Registered Investment Advisor requirements
• Oversee monthly internal reconciliation of cash, aligning with third-party administrator for accurate reporting
• Manage transactional funding plans, as well as LP capital calls and distributions
• Work with the investment team to project transaction timing, funding plans, and associated cash requirements
• Manage processes related to investor financial performance metrics, including regular review and update of the IRR calculation, distribution waterfall, and reconciliation to cash on hand
• Calculate Net Asset Value (NAV) and ensure timely distribution to stakeholders
• Generate financial statements in accordance with GAAP
• Monitor fund expenses and accruals, ensuring accuracy and proper allocation between good faith deposits and fund expenses
• Ensure adherence to fund documents and regulations
• Own the audit process by coordinating with external auditors and providing required documentation
• Ensure compliance with internal controls and policies
• Provide ad hoc financial analysis and reporting as needed

Benefits

• competitive and comprehensive compensation packages
• annual base pay generally ranges from $200,000 to $250,000
• annual discretionary bonus plan, incentive or sales bonus plan, or other form of additional compensation
• robust suite of benefits
• insurance offerings such as medical, dental, vision
• retirement savings programs

What This Job Offers

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