Fund Accounting Supervisor

Gen II Fund Services•Dallas, TX

1d•$90,000 - $130,000•Hybrid

About The Position

Gen II Fund Services is seeking a Fund Accounting Supervisor to join its growing team. The position offers exposure to the full private equity fund lifecycle, including newly launched funds in areas such as sports, oil and gas, real estate, and credit. The supervisor leads and mentors teams supporting sponsors, maintains technical excellence, client service, and operational integrity, and contributes to process improvements. The role oversees fund operations and accounting, including the independent management of an existing fund and client relationships with limited guidance. It also supports fund setup and deliverables, reviews financial reports and capital events, and handles complex private equity transactions. The position works closely with a Director or Managing Director and may supervise a small team of accountants. This is a hybrid role requiring U.S. employees 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–$130,000, plus a discretionary bonus and comprehensive benefits package; the actual offer 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 process and procedure changes 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 (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.
Sound knowledge of reporting for investment funds, investment companies, and investors under U.S. GAAP (ASC 946) and IFRS, including the 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 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 responsible for daily fund operations.
Independently oversee the operations and accounting of an existing fund.
Interface with and manage a client or business with limited guidance.
Review governing documents, extract key economics, and compile and document a thorough summary with limited guidance.
Supervise a small staff of accountants, if necessary.
Oversee and guide initial client fund setup and deliverables, including capital calls, distributions, financial statements, waterfalls, and IRRs.
Perform thorough, in-depth reviews and sign off before Director or Managing Director review.
Conduct 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, maintain technical excellence, client service, and operational integrity, and contribute to process improvements.