Fund Accounting Supervisor

Gen II Careers•Dallas, TX

20h•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 and requires leadership in technical excellence, client service, and operational integrity. The supervisor works closely with a Director or Managing Director on daily fund operations, independently oversees the operations and accounting of an existing fund, and manages client relationships with limited guidance. The position may also supervise a small team of accountants.

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.
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.
Legally authorized to work in the United States.

Nice To Haves

CPA.
Sound knowledge of Investment Company Accounting (ASC 946), economics (waterfalls and allocations), and fund structures (corporate, partnership, tax blockers, and related structures within an organization chart) and investor classifications.
Sound knowledge of reporting types for investment funds, investment companies, and investors under US GAAP (ASC 946) and IFRS.
Ability to prepare and review.
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, 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 governing documents, compile them, and document a thorough summary with limited guidance.
Supervise a small staff of accountants, if necessary.
Oversee and provide guidance on 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 private equity complex transactions, depending on the client and team.