Private Equity Fund Accountant

Pinnacle Fund Services

5d • Remote

About The Position

Pinnacle Fund Services is seeking a Fund Accountant to join its Private Equity Team. The role supports net asset value (NAV) production for a private equity client portfolio and works closely with Senior Fund Accountants and Management. The team services closed-ended funds specializing in private equity, private debt, real estate, and venture capital. This position offers a pathway for professional development and career advancement in fund administration.

The Fund Accountant supports fund accounting, investor reporting, cash management, financial statements, audit and tax requests, client inquiries, and related operational processes. The role involves coordinating with internal and external parties, maintaining current work-status updates, and helping ensure client requirements and deadlines are met.

Requirements

• Strong knowledge of Microsoft Excel.
• Solid interpersonal and communication skills.
• Strong organizational skills.
• Ability to handle multiple demands, competing priorities, and constant change.
• Ability to allocate time effectively and manage workload to meet internal and external deadlines.

Nice To Haves

• Prior fund accounting experience.
• Understanding of closed-ended funds.
• An accounting designation.
• Prior experience with PFS-Paxus.

Responsibilities

• Assist with timely preparation of net asset value calculations.
• Record capital activity, including capital calls and distributions; record cash activity and perform cash reconciliations.
• Price portfolios in accordance with fund offering documents.
• Accrue fund income and expenses, including management and performance fees, in accordance with relevant accounting standards.
• Prepare investor statements, contract notes, and investor notices.
• Support preparation and refresh of financial statements, resolving discrepancies.
• Support year-end audit and tax reporting requests and liaise with audit and tax providers.
• Respond to client ad hoc reporting requests and questions, and provide client support.
• Process cash transactions, including posting general ledger entries, investment purchases and sales, and corporate actions.
• Review investment supporting documentation for accuracy of booking, refresh the NAV workbook after cash transactions, and resolve discrepancies.
• Prepare and reconcile income and expense accruals, including calculating administration fees, management fees, and carried interest in line with relevant accounting standards.
• Upload fund pricing schedules and run NAV reporting packages.
• Refresh Tax and AWP workbooks.
• Coordinate with the Investor Services team on counterpart updates and investor or client requests.
• Collaborate with internal and external parties to meet client requirements and address investor inquiries.
• Update Wrike daily to keep work status current and help ensure deadlines are met.
• Support SOC audits and provide supporting documentation for samples.
• Document fund procedures.
• Prepare sub-close calculations, including investor-by-investor equalization and equalization interest.
• Provide cash management services for distributions and fund expenses.
• Perform waterfall and carried-interest calculations.

Benefits

• Extended health benefits.
• RRSP employer match program.
• Competitive compensation.
• Annual discretionary bonus.
• Educational support.
• Work-life balance.
• Remote firm with some purposeful in-office days for learning, relationship-building, collaboration, and socializing.
• Exposure to all aspects of the business.

What This Job Offers

• Job Type: Full-time
• Education Level: No Education Listed