Senior Associate, Fund Accounting -Hybrid PE and Hedge

SS&C•Union, NY

1d•Hybrid

About The Position

Support the delivery of high-quality fund accounting services across both private equity and hedge fund clients. In this role, you’ll prepare and review fund accounting deliverables, process investment and investor activity, and support financial reporting. You’ll work closely with clients, auditors, and internal teams while gaining broad exposure to multiple alternative investment strategies.

Requirements

Bachelor’s degree in Accounting, Finance, or related field
2+ years of accounting experience
Experience with alternative investment funds, including Private Equity, Hedge Funds, Private Markets, or other alternative investment strategies
Knowledge of US Generally Accepted Accounting Principles (GAAP) and investment accounting concepts
Experience preparing general ledgers, work papers, reconciliations, and financial statements
Strong analytical skills and attention to detail
Ability to manage multiple priorities and meet deadlines independently
Excellent verbal and written communication skills with the ability to interact with clients and all levels of the organization
Proficiency in Microsoft Office, including strong Excel skills

Nice To Haves

Experience working with both private equity and hedge fund structures
Knowledge of investment partnerships, allocations, waterfalls, and NAV calculations
Experience with fund accounting platforms such as Investran, Geneva, or similar systems
CPA or CFA designation
CPA and/or MBA is a plus
Master’s degree

Responsibilities

Deliver accurate and timely fund accounting work within established client deadlines
Prepare and review work papers, general ledgers, and supporting schedules
Process private equity capital calls, distributions, management fees, and investment activity
Update distribution waterfall and carried interest calculations
Process hedge fund subscriptions, redemptions, income, expenses, and investment activity
Prepare and review NAV calculations and investor allocations
Perform cash, position, and bank reconciliations and prepare journal entries
Review transaction documentation and understand the accounting impact of investment activity
Prepare financial statements and supporting schedules
Support year-end audits in collaboration with clients, auditors, and internal teams
Interact directly with clients and counterparties, including auditors, legal counsel, tax advisors, and investment managers
Assist with new fund launches, client onboarding, and other accounting projects