Fund Accounting Supervisor

Gen II Fund Services•New York, NY

1d•$90,000 - $130,000•Hybrid

About The Position

Gen II Fund Services is seeking a Fund Accounting Supervisor to lead and mentor teams supporting private equity fund sponsors. The role provides exposure to the full private equity fund lifecycle, including funds in sports, oil and gas, real estate, credit, and other areas. The supervisor helps maintain the company’s standards of technical excellence, client service, and operational integrity while driving process improvements. The position works closely with a Director or Managing Director on daily fund operations and independently oversees the operations and accounting of an existing fund. It interfaces with clients and businesses with limited guidance, supervises accountants as needed, and oversees initial fund deliverables. Responsibilities include reviewing and signing off on fund deliverables before Director or Managing Director review, as well as analyzing financial reports, capital events, and complex private equity transactions. The role 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–$130,000, plus a discretionary bonus and comprehensive benefits package; the offered salary within the range depends on experience.

Requirements

Bachelor’s degree in Accounting, Economics, and/or Finance.
At least 4 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.
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), economics (waterfalls and allocations), fund structures (corporate, partnership, tax blockers, etc. 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 ability to prepare and review.
Sufficient knowledge of 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 other related vehicles.

Responsibilities

Work closely with the Director or Managing Director managing daily fund operations.
Independently oversee 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 a small staff of accountants, if necessary.
Oversee and provide guidance on initial setup of client fund deliverables, including capital calls, distributions, financial statements, waterfalls, and IRRs.
Perform thorough, in-depth review and sign-off of 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.