Fund Accounting Manager

Gen II Fund Services•Dallas, TX

1d•$90,000 - $170,000•Hybrid

About The Position

Gen II Fund Services is seeking a Fund Accounting Manager to support its private equity fund administration operations. The role provides exposure to the full private equity fund lifecycle and requires leadership of teams supporting sponsors, maintenance of technical excellence and client service, and contributions to operational improvements. The manager works closely with a Director or Managing Director on daily fund operations, independently manages the operations and accounting of an existing fund, and interfaces with clients or businesses with limited guidance. The position also involves extracting and documenting key economics from governing documents; supervising accounting staff when required; overseeing initial fund deliverables; and reviewing financial reports, capital events, and complex private equity transactions. The role follows a hybrid schedule: 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 actual 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, apply learning to clients, and recommend solutions to issues.
Ability to adapt quickly to changes in 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 suite skills, including Excel (pivots), Word, PowerPoint, and Outlook.

Nice To Haves

CPA.
Sound knowledge of Investment Company Accounting (ASC 946), 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 US GAAP (ASC 946) and IFRS, including ability to prepare and review reports.
Sufficient knowledge of and hands-on experience with governing documents, such as LPAs, advisory agreements, side letters, and separate fee agreements.
Hands-on private equity fund accounting or audit experience, including blockers, parallel funds, SPVs, AIVs, co-investment vehicles, management companies, and other 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 thorough summaries with limited guidance.
Supervise, manage, and direct a small accounting staff, if required.
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 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.