Fund Accounting Director

Gen II Careers•New York, NY

19h•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 newly launched and first-to-market funds across areas such as sports, oil and gas, real estate, and credit. The Director leads and mentors teams supporting sponsors, drives process improvements, and helps maintain the company’s standards for technical excellence, client service, and operational integrity. The position oversees the day-to-day accounting and fund administration for multiple investment sponsors, including hands-on preparation and review of accounting work and client deliverables. It involves frequent client interaction, including communication with executive-level contacts, and oversight of staff accountants. US employees follow a hybrid schedule of three days per week in the office and two days remotely. The stated salary range is $135,000–$190,000, plus a discretionary bonus and comprehensive benefits package.

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 and verbal communication skills.
Technical knowledge and business acumen.
Ability to learn quickly on the job, apply learning to client work, 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 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/Loan Origination investment experience.

Responsibilities

Direct the 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 frequently with clients and communicate 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.
Conduct thorough, in-depth reviews and sign off on deliverables before Managing Director review.
Manage special projects as required.
Drive process improvements and contribute to the continued success of the platform.