Principal, Fund Accounting (Open Ended Funds)

Hamilton Lane • Philadelphia, PA

127d

About The Position

Hamilton Lane is looking to expand our team to satisfy the needs of our growing client base. Hamilton Lane is built on collaboration, teamwork and integrity. Our employees pursue excellence and always strive to do the right thing. We invest in our employees, clients and partner relationships, as well as, in the technology and resources necessary to remain competitive, working in a competitive environment that inspires innovation. What we do: As a recognized leader in providing Private Markets Investment and Technology Solutions to clients across the globe, we manage approximately $134.9 billion in discretionary assets and have oversight of an additional $821.2 billion in non-discretionary assets as of December 31, 2024. The Opportunity: As a Principal, Fund Accounting, you will be in a senior leadership position responsible for the oversight of the departmental operations of the fund accounting and fund operations, including team management and oversight of firm initiatives as it relates to accounting and reporting matters. In this specific role, you will specialize in open-ended fund products, domiciled globally and within the US, investing into private markets. You will be expected to be a key resource for internal and external stakeholders on shareholder dealing, regulatory filing, and complex accounting matters related to open-ended funds.

Requirements

• Undergraduate degree (B.A., B.S. or B.B.A) in a related field with graduate degree strongly preferred
• CPA strongly preferred, or equivalent professional certification (ex: CFA)
• 12+ years of experience in fund accounting, with specific experience in open-ended funds and private markets
• Previous leadership of a fund accounting team
• Comprehensive understanding of carried interest terms and calculations
• Accomplished at financial statement preparation and presentation
• Excellent communication and presentation skills and interdepartmental relationship-building skills
• Proficient in Microsoft applications (Word, Excel, PowerPoint)
• Detail oriented and organized with excellent analytical skills

Responsibilities

• Oversee annual audits and other teamwide reporting or compliance matters
• Manage 40 Act filings with the SEC and regulatory filings in jurisdictions such as Luxembourg with the CSSF
• Streamline reporting across open ended and closed ended funds to gain efficiencies across the entire HL fund population
• Perform meaningful analytic review of key metrics related to reporting
• Lead or participate in complex structuring, reporting or jurisdiction discussions as it impacts fund operations, including feeders and share class in multiple currencies
• Review and final approval of annual and quarterly financial statements, tables, and footnotes
• Implement and oversee accounting processes and system of internal controls completed by internal staff and outside resources
• Ensure continuous improvement of processes surrounding the financial reporting process
• Oversee the review and approval processes for management fee and partnership expenses calculations and invoices
• Manage third party administrators and vendor relationships pertaining to fund vehicles
• Final review and approval of accounting positions in memos
• Review valuations of investments and present conclusions to valuation committees
• Develop and monitor annual department budget and forecasts
• Present functional capabilities to clients and prospects, contribute to operational best practices and quality reporting of net asset value balances
• Manage, coach, and develop reporting staff

Benefits

• Employees have access to healthcare coverage, mental health resources, health & fitness reimbursement program, and Wellness Rewards Program.
• Tuition and certification reimbursement programs are available, along with continual education and development trainings for you to grow with Hamilton Lane.
• For our communities, Hamilton Lane provides paid time off to volunteer and compensates for referring qualified candidates that join our team.
• For growing family, we offer an adoption reimbursement program, paid time off for new parents and newlyweds, and provide travel support for nursing parents.
• Hamilton Lane contributes to retirement programs and offers an employee stock purchasing plan.
• We offer a competitive salary, annual discretionary bonus and a comprehensive benefits package which includes: Medical, Prescription, Dental, Paid Time Off, 401k plan, Life and Disability Insurances, Tuition Reimbursement, Employee Stock Purchase Program, Health Club Reimbursement and Flexible Spending Accounts.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Number of Employees: 501-1,000 employees