Fund Accounting Manager

Grant Thornton • New York, NY

17h • $147,200 - $196,880 • Hybrid

About The Position

As an integral member of the Finance Transformation, Fund Accounting Team, the Finance Transformation Manager oversees Fund NAV production and fund financial reporting, maintains the internal control environment, manages internal and external audit processes, and oversees the treasury function. Fund structures may include hedge funds, private equity funds, private debt funds, and real estate funds. The role collaborates with Fund Accountants and experienced professionals across functions.

The position also involves managing, developing, training, coaching, and mentoring staff; assessing performance for engagement and year-end reviews; supporting portfolio managers through financial analysis; maintaining relationships with internal and external partners; and identifying and implementing process and system enhancements. The role is expected to meet or exceed targeted billing hours and may require additional hours or travel as needed.

The position follows Grant Thornton’s hybrid work model and requires in-person attendance at least three days per week at a Grant Thornton office or client site.

Requirements

• Bachelor’s degree in Accounting.
• At least five years of experience collaborating with Fund Accountants and cross-functional experienced professionals.
• CPA required.
• Thorough knowledge of investment fund software such as Investran, Geneva, OneSource, and DFIN Arc Reporting.
• Thorough experience with complex investment and fund structures, including master funds, blocker and standalone entities, feeder funds, liquidated funds, and newly commenced funds.
• Experience working with Fund Portfolio Managers and Controllers.
• Experience assisting client service and marketing teams in client due diligence meetings, including presenting and answering client questions.
• Ability to work additional hours and/or travel as needed.

Responsibilities

• Manage month-end and quarterly NAV, including fund pricing, financial reporting, and accounting.
• Coordinate and lead fund audits, working directly with external auditors to meet reporting deadlines.
• Manage and account for partnership transactions, including waterfall and carried interest calculations.
• Manage and account for purchase and sale transactions throughout their life cycles.
• Ensure the fund and its investments are treated in accordance with U.S. GAAP and other applicable local GAAP.
• Review monthly and quarterly investment and fund performance data to assess historical performance and forecast future performance.
• Produce cash flow, total rate of return, and profitability analyses to support portfolio managers.
• Prepare and monitor covenants and report the overall debt position to management.
• Track tax strategies and ensure their appropriate application within the fund and its investments.
• Maintain collaborative relationships with internal and external partners.
• Lead identification and implementation of process and system enhancements.
• Introduce automation and standardization to help create a strong control environment.
• Manage, develop, train, coach, and mentor staff on projects, and assess performance for engagement and year-end reviews.
• Meet or exceed targeted billing hours (utilization).
• Perform other duties as assigned.

Benefits

• Personalized and comprehensive benefits.
• Flexible work-location, weekly-schedule, and flex-time-off options.
• Work-life integration options.
• Employees may be eligible for a discretionary annual bonus based on individual and firm performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager