Fund Accounting Manager

Gen II Careers•New York, NY

17h•Hybrid

About The Position

Gen II Fund Services is seeking a Fund Accounting Manager to support private equity fund operations and accounting. The role offers exposure to the full private equity fund lifecycle and a range of fund types, including sports, oil and gas, real estate, and credit. The manager will lead and mentor teams, support top-tier sponsors, drive process improvements, and help maintain the company’s standards of technical excellence, client service, and operational integrity. The position works closely with a Director or Managing Director overseeing daily fund operations. It manages an existing fund independently, interfaces with clients with limited guidance, oversees fund deliverables and complex accounting reviews, and may supervise a small accounting staff. The position is hybrid, with US employees required to 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 $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.
Strong 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 suite skills, including Excel (pivots), Word, PowerPoint, and Outlook.
Legal authorization 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 US GAAP (ASC 946) and IFRS.
Sufficient knowledge and hands-on experience with governing documents, such as 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 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 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.
Lead and mentor teams supporting sponsors and drive process improvements.