Hedge Fund and Private Equity Accountant
About The Position
We’ve rounded a company that values you: your time, your career, your ntalents, nd drive. We seek hard-working applicants ready to be trained for an exciting role. We offer remote work flexibility, competitive pay and benefits, nd the chance to give back through fully paid community service days. We invest in our employees and our community, and our accelerated growth, dynamic company culture, and high retention rate speak for themselves. Remote/Hybrid Work Flexibility This position offers hybrid remote work flexibility within Maine (minimum 2 in-office days per week). Fully remote work opportunities will be considered for residents of one of the following states: FL, GA, IN, IA, KY, ME, MI, MO, NH, NJ, NC, PA, RI, SC, TX, VA, WI. As a member of the Fund Accounting team, the Private Equity Fund Accountant position would be responsible for the following:
Requirements
- Fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained PE process and products knowledge.
- Familiarity with the types of investments and strategies held by Private Equity funds.
- Must be able to learn complicated concepts quickly
- Proficiencywith Microsoft Office isessential,advanced Excel (formulas, pivot tables, and filtering) area must.
- Demonstrates superior verbal and written communication skills
- Four-year college degree, preferably in Accounting, Finance, Business Management or Economics.
Nice To Haves
- Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investor a plus
- Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system a plus
- Experience with financial reporting, information security and client, vendor, and risk management a plus
Responsibilities
- Understand and able to complete daily/monthly/quarterly Net Asset Value (NAV) preparation for Private Equity Funds along with some traditional hedge funds, which includes Cash and Portfolio reconciliations, Investment Holdings Valuations, Income and Expense Accruals
- Prepare calculations and prepare notices for fund events such as capital calls, distributions, andsubsequentcloses
- Calculate carried interest, understanding of differing waterfall structures/tiers including preferred returns
- Allocate profit and loss to investors/shareholders including the calculation of a variety of management and performance fees for our Hedge Funds and Private Equity funds and their investors
- Prepare Private Equity-specific Financial Statements, adhering to regulatory and industry standards.
- Review and understand private equity fund clients’ offering documents, PPMs, commitment documents, and other materials, including the impacts to the fund during various periods of the fund’s lifecycle. (i.e. Treatment of recycling/recallable distributions, subsequent close interest, and other closed end features).
- Process and record fund expense payments and ensure cash wire requests are completed accurately and timely
- Generate and deliver fund and investor reports to fund managers and investors of assigned clients
- Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients
- Communicate with internal and external entities on fund accounting matters and assist in issue resolution
Benefits
- remote work flexibility
- competitive pay and benefits
- chance to give back through fully paid community service days
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
