Service Delivery Center - EY Comply, Fund Administration, Accounting - Senior

About EY-Parthenon • Philadelphia, PA

1d • Hybrid

About The Position

At EY, we’re all in to shape your future with confidence. We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world. EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team! As a Senior, you will work in one of our Service Delivery Centers that is made up of high-performing US-based resources, who work closely with our experienced client serving professionals, to deliver project-based work and managed services to our US-based Financial Services clients. If you have a passion for rallying together to solve the most complex challenges in the financial services industry, come join our dynamic FSO team! The opportunity You will play a key role in defining and reviewing how Private Equity (“PE”), Private Credit, and Real Estate Fund advisors meet regulatory, tax, and financial statement reporting requirements, using our new, proprietary EY-developed technology platform. EY’s Accounting and Administration platform brings investment risk, transactional, and holdings data into a single platform for workflow management, transparency, and accountability. Top-tier fund managers are using the EY platform to lower their reporting costs and streamline their fund accounting and fund financial reporting processes. Join our team and assist leading fund advisors to address their most complex reporting and technology challenges.

Requirements

• Understand processes and execute detailed procedures based on knowledge of fund accounting, controllership, investment books and records, and/or fund financial reporting
• Knowledge of private equity and Fund of Funds investment characteristics and the application of regulatory and financial reporting rules to those investments
• Ability to create and deliver client reporting in a fast-paced environment
• Understand operationally complex fund accounting and financial reporting concepts
• Develop relationships with team members across multiple geographic locations and time zones
• A bachelor’s degree in business, accounting, economics, finance, or related discipline
• Minimum of 3 years of work experience related to fund accounting, fund administration, fund controllership, and/or fund financial reporting
• People management experience with leading project teams and managing direct reports within an organization
• Experience related to investment books and records, fund valuation, capital calls and distributions, board reporting and production of audited financial statements
• Analytical skills, especially an understanding of transaction posting, and investment trial balance debits and credits
• Strong proven communication skills demonstrated through effective writing and presentations to clients and internal stakeholders; based on critical thinking and problem-solving skills
• An understanding of financial products and services, in particular private equity funds
• An interest in working in an environment which encourages continuous learning, development, and identification of opportunities for improvement of individual and team performance
• A willingness to work in an office when production activities require but will have the flexibility to work remotely
• A willingness to travel on an as-needed basis for client meetings

Nice To Haves

• CPA
• Experience operating accounting software such as Investran, Geneva, eFront, or other investment sub-ledger systems
• Experience with other software tools including Workiva for financial reporting, document management systems, workflow systems, and/or other relevant technologies
• Experience in fund financial reporting and analysis

Responsibilities

• Understand the intricacies of PE and PE fund-of-funds investment operations and financial statement reporting
• Perform critical accounting activities, including recording capital calls, booking quarter-end valuations, and performing daily transaction processing
• Define new procedures and controls to enhance the overall operational risk process
• Drive high-quality work products within expected timeframes and budget
• Assist with managing risks and ensuring key stakeholders are kept informed about progress and expected outcomes
• Stay current on business and industry trends relevant to our clients, including the latest private equity fund structures and investment record keeping standards

Benefits

• medical and dental coverage
• pension and 401(k) plans
• a wide range of paid time off options
• flexible vacation policy
• time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees