Fund Accounting Manager

Gen II Fund Services•New York, NY

16h•$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 offers exposure to the full private equity fund lifecycle, including funds in 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 position works closely with a Director or Managing Director on daily fund operations and independently manages the operations and accounting of an existing fund. The manager interfaces with clients and businesses with limited guidance, interprets governing documents, and oversees fund deliverables such as capital calls, distributions, financial statements, waterfalls, and IRRs. The role also includes reviewing financial reports, capital events, and complex private equity transactions. Gen II employees work a hybrid schedule of three days 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 offer within that range 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 process and procedure changes 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 suite skills, including Excel (pivot tables), 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.
Knowledge of reporting for investment funds, investment companies, and investors under US GAAP (ASC 946) and IFRS, including ability to prepare and review reports.
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 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 deliverables before Director or Managing Director review.
Perform multiple levels of review and analysis of financial reports, capital events, and complex private equity transactions.