Manager - Private Equity Fund Accounting

IQ-EQ•Frisco, TX

15h•$88,000 - $120,000•Hybrid

About The Position

This role involves working directly with leading private equity and hedge fund firms in the alternative asset industry under the guidance of experienced industry veterans. The position supports the firm's service offering by assisting, performing, and reviewing fund accounting activities. The manager will support multiple Private Equity fund clients, manage deliverables, client expectations, and timelines in accordance with partnership agreements. Key responsibilities include preparing and reviewing fund accounting activities such as journal entries, investor allocations, capital account statements, management fees, capital calls, distributions, and waterfall models. The role also involves overseeing investor communications, financial statements, and year-end requirements, coordinating with auditors and tax teams, responding to client requests, managing priorities, and identifying process improvements. Additionally, the manager will mentor and develop junior team members, ensuring high-quality service and accurate reporting.

Requirements

5+ years of experience in private equity, public accounting, or a combination of alternative asset investment and public accounting environments.
Bachelor's degree in Accounting.
Strong technical expertise in accounting and fund administration for alternative investment funds.
Exceptional client service skills.
Ability to collaborate effectively with team members and contribute to a positive, feedback-driven environment.
Proficiency in managing multiple priorities, producing high-quality work with accuracy and attention to detail.
Professional communication skills.
Proficiency in tools such as QuickBooks and Microsoft Office.
Experience or a strong interest in training and mentoring junior team members.

Responsibilities

Support multiple Private Equity fund clients, helping manage deliverables, client expectations, and timelines in accordance with partnership agreements.
Prepare and review fund accounting activities, including journal entries, investor allocations, capital account statements, management fees, capital calls, distributions, and waterfall models.
Oversee the delivery of investor communications, financial statements, and year-end requirements while coordinating with auditors and tax teams.
Respond to client requests, manage competing priorities, and identify opportunities to improve operational processes and efficiencies.
Mentor and develop junior team members while ensuring high-quality service and accurate reporting across client engagements.