Fund Accounting Director
About The Position
Gen II Fund Services is seeking a Fund Accounting Director to lead fund accounting and administration for multiple investment sponsors. The role provides exposure to the full private equity fund lifecycle, including newly launched funds in areas such as sports, oil and gas, real estate, and credit. The Director will lead and mentor teams, support top-tier sponsors, drive process improvements, and uphold technical excellence, client service, and operational integrity. The position involves extensive hands-on preparation and review of accounting workpapers, investments, accruals, financial statements and footnotes, and investor allocations. It also includes frequent client interaction, including communication with executive-level contacts, and maintaining working relationships with clients, auditors, lawyers, and banking personnel. The Director oversees fund deliverables such as capital calls, distributions, financial statements, waterfalls, and IRRs, reviewing and signing off before Managing Director review. The role may also manage special projects. US employees work a hybrid schedule of three days per week in the office and two days remotely. Applicants must be legally authorized to work in the United States.
Requirements
- At least 7 years of fund accounting experience in a private equity fund, private equity fund administrator, or other financial institution where financial products knowledge was gained.
- At least 5 years of supervisory experience.
- Bachelor’s degree in Accounting, Finance, or Economics.
- Comfort with PIK/OID calculations.
- Advanced experience preparing capital calls and distributions, including complicated waterfall models.
- Ability to understand and navigate partnership agreements, legal documents, and investment agreements.
- Advanced knowledge of reporting for investment funds, investment companies, and investors under US GAAP.
- Strong written, verbal, and interpersonal communication skills.
- Technical knowledge and business acumen.
- Ability to learn quickly on the job, apply learning to clients, and recommend solutions to issues.
- Ability to adapt quickly to changing processes and procedures in a rapidly changing environment.
- Strong attention to detail and accuracy.
- Superior problem-solving, judgment, and decision-making skills.
- Ability to think independently, prioritize, multitask, and meet deadlines.
- Extensive Microsoft suite skills, including Excel (pivots), Word, PowerPoint, and Outlook.
- Strong leadership and management skills.
- Legally authorized to work in the United States.
Nice To Haves
- Advanced mezzanine, credit, or loan origination investment experience.
Responsibilities
- Direct day-to-day accounting and fund administration for multiple investment sponsors.
- Prepare and review workpapers, investments, accruals, financial statements with footnotes, and investor allocations.
- Interact with clients daily and communicate frequently with executive-level client contacts.
- Maintain working relationships with client contacts, auditors, lawyers, and banking personnel.
- Lead, direct, and coach Staff Accountants at several levels.
- Oversee and guide the initial setup of client fund deliverables, including capital calls, distributions, financial statements, waterfalls, and IRRs.
- Perform thorough, in-depth reviews and sign off on fund deliverables before Managing Director review.
- Manage special projects when required.
- Drive process improvements and help maintain technical excellence, client service, and operational integrity.
Benefits
- Discretionary bonus.
- Comprehensive benefits package.
- Training to advance technical and personal skills.
- Benefits focused on physical, mental, and financial well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Director
