Service Delivery Center - EY Comply - Fund/Private Equity Accounting - Manager

EY • Philadelphia, PA

9d • $83,000 - $215,400 • Hybrid

About The Position

The opportunity is to play a key role in defining the way Private Equity ("PE") and PE Fund of Fund General Partners ("GP") meet their reporting requirements for fund controllership, investment books and records, regulatory, tax, and financial statements. Top-tier GPs and investment managers are increasingly looking to EY to provide operational services for critical functions, in parallel with their current custodians. Join our team in building a new service model and identifying innovative ways for GPs to manage books and records and create accurate, and timely fund financial statements.

Requirements

• A bachelor’s degree in business, accounting, economics, finance, or related discipline
• Minimum 5 years of work experience related to fund controllership, fund valuation, capital calls and distributions, board reporting and production of audited financial statements
• People management experience with leading project teams and managing direct reports within an organization
• Experience related to fund controllership, investment books and records, and/or fund administration
• Analytical skills, especially an understanding of transaction posting, and investment trial balance debits and credits related to fund controllership, investment books and records and asset management
• 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 (average 3 days / week in-office requirement)
• A willingness to travel on an exception basis for client needs

Nice To Haves

• CPA
• Experience with software tools including document management systems, workflow systems, partnership accounting, investment accounting such as eFront, Investran, or other investment sub-ledger software
• Experience in financial statement reporting/analysis

Responsibilities

• Understand the intricacies of PE and PE Fund-of-Fund accounting operations and financial statement reporting
• Define new procedures and controls to enhance the overall operational risk processes
• Stay current on business and industry trends relevant to our clients, including PE fund structures and investment record keeping standards
• Manage a team of seniors and staff to drive execution of daily accounting activities and provide high-quality work within expected timeframes and budget
• Review team’s work products prior to client delivery and provide necessary coaching for improvement
• Execute detailed procedures based on knowledge of PE fund controllership, investment books and records, and financial reporting processes
• Perform critical accounting activities, including capital calls, distributions, quarterly valuation, accruals, and other transaction processing
• Manage risks and ensure key stakeholders are kept informed about progress and expected outcomes
• Oversee delivery of client and process requirements in a regulatory driven environment, and understanding operationally complex fund controllership principles
• Develop relationships with team members across multiple geographic locations and time zones

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: Manager