Manager / Senior Accounting Manager - Private Equity

StepStone Group•San Diego, CA

1d•$120,000 - $140,000•Hybrid

About The Position

The Manager / Senior Accounting Manager will be responsible for management and oversight of the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity, Venture Capital, Real Estate & Infrastructure investments in primary and secondary limited partnership investments and direct equity co-investments. In this position, the Manager / Senior Accounting Manager will manage a team of accountants and various fund administrators. The Manager / Senior Accounting Manager will also work closely with the Fund Accounting Treasury and Operations teams along with the Investment Operations team.

Requirements

Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting
A Bachelor’s Degree in Accounting with 5-7 years' professional accounting experience
Ability to multi-task and manage priorities against fast-paced key deadlines
Ideal candidates will have experience with SEC registered investment advisors
Must be able to work independently but contribute in a team-oriented environment
Previous experience with Investment Company Accounting and ASC 820 (FAS 157) and FIN 48
Strong Microsoft Excel experience
Experience training and managing junior professionals and reviewing the work of others
Strong written and verbal communication skills
Ability to maintain strict confidentiality of client, investment and company information
Ability to problem solve and leverage technology
Acute attention to accuracy and detail
Professional demeanor and an ability to work well in a team environment
Highly proficient in using Excel, Word, and other Microsoft office programs
Willingness and ability to learn and implement new programs and processes

Nice To Haves

CPA and/or MBA Preferred

Responsibilities

Manage and oversee a portfolio of funds, which includes but is not limited to:
Review work prepared by the fund administrator
Reviewing accounting entries from the Fund Administrator’s accounting and reporting systems
Reviewing and reconciling cash and investment accounts with General Partner reports
Reviewing of investment partnership reports
Reviewing and reconciliation of capital account activity
Review quarterly unaudited and annual audited financial statements in accordance with GAAP
Coordinate preparation of annual audits with outside CPA firm
Review partner allocations and capital account statements
Manage process for delivering quarterly and annual investor reports and other ad-hoc communications
Calculate and distribute investor capital call and distribution notices
Understand partnership agreements and interpret reporting requirements and partner economics
Calculate management fees, distribution waterfalls and carried interest
Corresponding with General Partners regarding accounting/reporting questions, or other issues, as necessary
Corresponding with underlying investors regarding questions, requests,
Respond to investor requests in a timely manner
Perform other duties as requested or as responsibilities dictate
Perform Treasury management functions, including
Review and/or approve wire templates and wires
Monitor the Fund’s cash positions and prepare cash projections as needed
Manage the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, review of interest and unused fee calculations
Perform other duties as required, including but not limited to:
Review of K-1s and support for tax reporting and analysis of tax matters
Support for the Compliance team, including preparation of materials for ADV, Form PF, SLT, etc.