Fund Accounting Manager – Boston, MA – Private Equity
A leading Private Equity firm with over $75B in AUM is looking to hire a Fund Accounting Manager to their growing team. The ideal candidate has 4-6 years of private equity-based accounting experience either at private equity or a fund administration firm, a working knowledge of partnership accounting, experience managing direct reports and has direct client facing experience.
Key Responsibilities:
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Obtain a working knowledge of all key systems, primarily Investran Live (accounting system), Salesforce CRM and Intralinks through training with the accounting group
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Coordinate investor communication including capital call and distribution notices and capital balances statements
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Input and review investment transactions into Investran Live general ledger system
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Prepare management fee calculations, invoices and journal entries for review
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Review daily and monthly cash reconciliations for various partnerships and related portfolio companies
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Update allocation/waterfall models (quarterly) for partnerships based on the terms outlined in partnership agreements
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Prepare the fund financial statements (Statements of: Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash Flow) and other management reporting (IRR performance summaries, investment transaction reports, etc.)
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Work alongside the Associate/Senior Fund Accountants (“Accountants”) to provide direction on various projects and inquiries, inclusive of reviewing material prepared by Accountants. These tasks include reviewing general ledger entries, quarterly workpapers, audit confirms, LP requests and other ad hoc material.
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Calculate private equity benchmark returns, including gross/net MOI and IRR, along with TVPI, RVPI and DPI
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Prepare materials for the interim and annual audit of the fund partnerships for various clients and establish a working relationship with auditors
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Manage direct relationships with various clients, including weekly update calls and ensuring agreed upon timelines and deliverables are strictly adhered to
This role is a full-time hybrid opportunity (3 days in 2 at home) that will offer up to 135K base, up to 25% bonus, revenue share, and 100% paid benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at vkulturides@daleyaa.com
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