Senior Fund Accountant

Larson Financial Holdings•Houston, TX

About The Position

Larson Capital Management, LLC is seeking a fund accounting professional to perform daily reporting functions for multiple private equity real estate funds. The Senior Fund Accountant is responsible for accounting, operations, and administration for assigned private investment funds. The role includes preparing and reviewing hedge fund and private equity fund valuations, portfolio valuations, fee computations, accruals, and income allocations. The position also supports annual audit reporting and serves as a direct liaison with fund managers, auditors, and other related parties.

Requirements

Bachelor’s degree in accounting or finance.
5–7 years of experience in private equity fund accounting and/or administration.
Thorough knowledge of consolidations, eliminations, intercompany accounting, investment accounting, and fair value accounting.
Background in accounting for entities including private equity funds and hedge funds, including master-feeder structures, standalone entities, side-by-side structures, and segregated portfolios.
Expertise in investment instruments such as equities, fixed income, options, futures, private equity, mutual fund investments, and/or real estate.
Ability to excel in a fast-paced, entrepreneurial environment.
Strong communication and organizational skills, and attention to detail.

Nice To Haves

Experience with Yardi accounting software.

Responsibilities

Provide investment accounting support for a portfolio of private investment holdings.
Reconcile fund cash and investment positions to prime broker and custodian accounts.
Track fund-level expenses, accruals, management fees, and incentive fees.
Maintain fund books and records in accordance with the Offering Memorandum and other Constitutive Documents.
Prepare initial drafts of annual fund financial statements and footnotes in accordance with GAAP, and assist independent audit firms during annual reviews.
Review and comply with controls and procedures.
Assist with business development, client-specific reporting and analysis requests, and special projects.
Support internal development projects, including preparing invoices for fund reimbursements, reporting project spending, and tracking equity provided.
Prepare and review development-property financial statements with internal teams and outside developers; reconcile developer trial balances with draw activity and incorporate the results into company financials.
Review bank transactions before submitting them for approval, including verifying wire and ACH instructions with outside parties.
Calculate management fees billed to funds and enter them through the accounts payable system.