Fund Accounting Director

Gen II Fund Services•Boston, MA

6h•$135,000 - $190,000•Hybrid

About The Position

Gen II Fund Services is seeking a Fund Accounting Director to join its growing team. The role provides exposure to the full private equity fund lifecycle, including funds in sports, oil and gas, real estate, credit, and other sectors. The Director leads and mentors teams supporting sponsors, drives process improvements, and helps maintain the company’s standards of technical excellence, client service, and operational integrity. The position directs day-to-day accounting and fund administration for multiple investment sponsors, with extensive hands-on preparation and review of workpapers, investments, accruals, financial statements and footnotes, and investor allocations. It involves frequent client interaction, including executive-level communication, and oversight of fund deliverables such as capital calls, distributions, financial statements, waterfalls, and IRRs. The Director reviews and signs off on deliverables before Managing Director review and may manage special projects. The role is hybrid: U.S. employees work three days per week in the office and two days remotely. Applicants must be legally authorized to work in the United States. The salary range is $135,000–$190,000, plus a discretionary bonus and comprehensive benefits; the offered salary depends on experience.

Requirements

At least 7 years of fund accounting experience in a private equity fund, private equity fund administrator, or another 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 process and procedure changes 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 Office skills, including Excel (pivots), Word, PowerPoint, and Outlook.
Strong leadership and management skills.
Must be 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 and footnotes, and investor allocations.
Interact with clients daily and communicate frequently with clients at the executive level.
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.
Thoroughly review and sign off on deliverables before Managing Director review.
Manage special projects when required.
Drive process improvements and contribute to technical excellence, client service, and operational integrity.