Hedge Fund and Private Equity Accountant

Stone Coast Fund Services•Portland, ME

3d•Hybrid

About The Position

We’ve founded a company that values you: your time, your career, your talents and drive. We seek hard-working applicants ready to be trained for an exciting role in a fast-paced financial company. We offer remote work flexibility, competitive pay and benefits, rapid opportunity for promotion, and 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, IO, 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
Proficiency with Microsoft Office is essential, advanced Excel (formulas, pivot tables, and filtering) are a must.
Demonstrates superior verbal and written communication skills

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, and subsequent closes
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