Fund Accounting Manager

Gen II Fund Services•New York, NY

1d•$90,000 - $170,000•Hybrid

About The Position

Gen II Fund Services is seeking a Fund Accounting Manager to join its growing team. The role provides exposure to the full private equity fund lifecycle, including newly launched funds across areas such as sports, oil and gas, real estate, and credit. The manager will lead and mentor teams supporting sponsors and contribute to technical excellence, client service, operational integrity, and process improvements. The Fund Accounting Manager works closely with the Director or Managing Director responsible for daily fund operations, independently manages the operations and accounting of an existing fund, and interfaces with clients or businesses with limited guidance. The role oversees setup and delivery of client fund deliverables—including capital calls, distributions, financial statements, waterfalls, and IRRs—and reviews and signs off on those deliverables before Director or Managing Director review. It also involves reviewing and analyzing financial reports, capital events, and complex private equity transactions. The position 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 stated salary range is $90,000–$170,000, plus a discretionary bonus and comprehensive benefits package; the offered salary depends on experience.

Requirements

Bachelor’s degree in Accounting, Economics, and/or Finance.
At least 7 years of relevant private equity fund or investment company accounting and reporting experience.
Ability to learn quickly on the job and apply learning to clients.
Ability to adapt quickly to changing processes and procedures in a rapidly changing environment.
Management and supervisory experience.
Excellent verbal, written, and interpersonal communication skills.
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.
Must be legally authorized to work in the United States.

Nice To Haves

CPA.
Sound knowledge of investment company accounting (ASC 946), fund economics (waterfalls and allocations), fund structures (including corporate, partnership, and tax blockers within an organization chart), and investor classifications.
Sound knowledge of reporting for investment funds, investment companies, and investors under U.S. GAAP (ASC 946) and IFRS, including preparation and review.
Sufficient knowledge of and hands-on experience with governing documents, including LPAs, advisory agreements, side letters, and separate fee agreements.
Hands-on accounting or audit experience with private equity funds, including blockers, parallel funds, SPVs, AIVs, and co-investment vehicles, as well as management companies and related vehicles.

Responsibilities

Work closely with the Director or Managing Director managing daily fund operations.
Independently manage the operations and accounting of an existing fund.
Interface with and manage a client or business with limited guidance.
Extract key economics from LPAs and other governing documents, and compile and document a thorough summary with limited guidance.
Supervise, manage, and direct a small accounting staff, if required.
Oversee and provide guidance on 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 deliverables before Director or Managing Director review.
Perform multiple levels of review and analysis of financial reports, capital events, and complex private equity transactions, depending on the client and team.
Recommend solutions to client issues and adapt to changes in processes and procedures.