Hedge Fund and Private Equity Accountant

Stone Coast Fund Services•Portland, ME

11h•$70,000 - $105,000•Hybrid

About The Position

As a member of Stone Coast Fund Services’ Fund Accounting team, the Private Equity Fund Accountant handles accounting and reporting for private equity funds and some traditional hedge funds. The role includes NAV preparation, fund-event calculations, carried interest and fee allocations, financial statements, expense payments, and communications with clients and other stakeholders. The position offers hybrid remote flexibility within Maine, with at least two in-office days per week. Fully remote opportunities may be considered for residents of the states listed in the posting. The company describes itself as an award-winning, steadily growing hedge fund administrator with over 200 professionals serving more than 100 hedge fund managers. The expected salary range is $70,000–$105,000, with eligibility for a discretionary bonus based on individual and company performance. The role includes benefits such as health coverage, retirement support, paid time off, and paid community-service time.

Requirements

Fund-accounting experience in a private equity fund, private equity administrator, or another financial institution, with knowledge of private equity processes and products.
Familiarity with the types of investments and strategies held by private equity funds.
Ability to learn complicated concepts quickly.
Proficiency with Microsoft Office, including advanced Excel skills such as formulas, pivot tables, and filtering.
Superior verbal and written communication skills.
Four-year college degree, preferably in Accounting, Finance, Business Management, or Economics.

Nice To Haves

Experience with portfolio and investor accounting systems; Advent Geneva World Investor is specifically noted as a plus.
Experience with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system.
Experience with financial reporting, information security, and client, vendor, and risk management.

Responsibilities

Prepare daily, monthly, and quarterly NAVs for private equity funds and some traditional hedge funds, including cash and portfolio reconciliations, investment-holdings valuations, and income and expense accruals.
Calculate fund events and prepare notices for capital calls, distributions, and subsequent closes.
Calculate carried interest and apply applicable waterfall structures, tiers, and preferred returns.
Allocate profit and loss to investors or shareholders and calculate management and performance fees for hedge and private equity funds and their investors.
Prepare private-equity-specific financial statements in accordance with regulatory and industry standards.
Review fund offering documents, PPMs, commitment documents, and other materials, and determine their implications at different points in the fund lifecycle.
Process and record fund expense payments and ensure cash wire requests are accurate and timely.
Generate and deliver fund and investor reports to fund managers and investors for assigned clients.
Prepare and deliver supporting materials for board meetings, financial statements, audits, and regulatory requests related to assigned clients.
Communicate with internal and external parties about fund-accounting matters and assist in resolving issues.

Benefits

Medical, dental, and vision plans, including HSA options.
Company-paid life insurance and AD&D, with additional voluntary coverage options including short- and long-term disability.
401(k) with employer match and immediate vesting.
Student loan repayment support.
Health savings and flexible spending accounts for medical and dependent care.
Paid time off and holidays aligned with the NYSE market calendar.
Employee assistance program.
Commuter benefits with employer contribution.
Employee referral program.
Optional critical illness, accident, and hospital insurance coverage.
Dedicated paid time to support causes and organizations meaningful to employees.
Discretionary bonus based on individual and company performance.