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- Tasks: Manage daily fund operations and oversee accounting for private equity funds.
- Company: Gen II Fund Services is a leading global private equity fund administrator managing over $1 trillion in assets.
- Benefits: Enjoy a hybrid work schedule, competitive salary, discretionary bonuses, and comprehensive benefits.
- Why this job: Join an experienced team in a dynamic environment with opportunities for growth and impactful work.
- Qualifications: Requires a Bachelor's degree in Accounting or Finance and 7+ years of relevant experience.
- Other info: Work in a supportive culture with a focus on innovation and excellence in fund administration.
The predicted salary is between 67500 - 127500 £ per year.
New York City based Private Equity Fund Administration Firm is looking for a Private Equity Accounting Manager to manage Private Equity Funds.
Primary Responsibilities Will Include:
- Work closely with the Director/Managing Director managing daily Fund Operations
- Manage the operations and accounting of an existing fund independently
- Ability to interface and manage a client/business with limited guidance
- Familiar with LPA and other Governing documents
- Able to extract key economics, compile, and document a thorough summary with limited guidance
- Able to supervise, manage, and direct a small accounting staff, if required
- Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and sign off prior to Director/Managing Director review
- Perform multiple levels of review/analyses of Financial Reports/Capital Events and Private Equity Complex Transactions (depends on client and team)
Job Requirements, Skills, Education and Experience:
- Bachelor’s degree in Accounting, Economics and/or Finance
- 7+ years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience
- Ability to learn on-the-job quickly, apply learning to clients and recommend solutions to issues
- Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
- Management and supervisory experience
- Excellent verbal, written and interpersonal communication
- Strong attention to detail and accuracy
- Superior problem solving, judgment and decision-making skills
- Ability to think independently, prioritize, multi-task and meet deadlines
- Extensive Microsoft suite skills - Excel (pivots), Word, PowerPoint, and Outlook
Preferred Experience:
- CPA
- Sound knowledge of Investment Company Accounting (ASC 946), Economics (Waterfalls and Allocations), Fund Structure (Corporate, Partnership, Tax Blockers, etc. within an Organization Chart) / Investor Classifications
- Sound knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in US GAAP (ASC 946) and IFRS
- Ability to Prepare and review
- Sufficient knowledge and hands-on experience with governing documents, such as LPAs, Advisory Agreements, Side Letters, Separate Fee agreements, etc.
- Hands-on experience accounting/audit of private equity funds (including blockers, Parallel, SPV, AIV, Co-Investment Vehicles) management companies, and other related vehicles
The salary range for this position is $90,000-$170,000 in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.
Work Arrangement:
All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule, comprised of two (2) days a week in our office and three (3) days remotely.
About The Company:
Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $1 trillion of private capital on behalf of its clients with 14 offices across the US, Canada and Europe. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to effectively manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.
Key Facts:
- Administering over $1T in assets
- Servicing nearly every significant investor in the asset class
- Institutional grade infrastructure and SSAE 18 (SOC-1, Type 2) certification, ensuring confidence in our processes and operating model
- The most experienced and best performing team in the industry
Fund Accounting Manager employer: Gen II Fund Services
Contact Detail:
Gen II Fund Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fund Accounting Manager
✨Tip Number 1
Network with professionals in the private equity and fund administration sectors. Attend industry events or webinars to connect with potential colleagues or mentors who can provide insights into the role and company culture at Gen II Fund Services.
✨Tip Number 2
Familiarise yourself with the specific accounting standards and regulations mentioned in the job description, such as ASC 946 and IFRS. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the complexities of private equity fund accounting.
✨Tip Number 3
Prepare to discuss your management experience in detail. Think of examples where you've successfully led a team or managed projects, as this is a key requirement for the Fund Accounting Manager position.
✨Tip Number 4
Research Gen II Fund Services thoroughly. Understand their services, client base, and recent developments in the industry. This will allow you to tailor your conversations and show genuine interest in the company during interviews.
We think you need these skills to ace Fund Accounting Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in private equity fund accounting. Emphasise your management skills and any specific achievements that align with the responsibilities listed in the job description.
Craft a Strong Cover Letter: Write a cover letter that directly addresses the key requirements of the Fund Accounting Manager role. Use specific examples from your past experience to demonstrate your ability to manage fund operations and lead a team.
Highlight Relevant Skills: In your application, clearly outline your proficiency with Microsoft Excel and other software mentioned in the job description. Mention any experience you have with investment company accounting standards like ASC 946.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Gen II Fund Services
✨Know Your Numbers
As a Fund Accounting Manager, you'll need to demonstrate your expertise in financial reporting and analysis. Brush up on key metrics related to private equity funds, such as IRRs and waterfalls, and be prepared to discuss how you've applied these in previous roles.
✨Familiarise Yourself with Governing Documents
Understanding Limited Partnership Agreements (LPAs) and other governing documents is crucial for this role. Make sure you can explain their significance and how they impact fund operations during the interview.
✨Showcase Your Leadership Skills
Since the role may involve supervising a small accounting staff, be ready to share examples of your management experience. Highlight how you've successfully led teams, resolved conflicts, or improved processes in past positions.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think of specific challenges you've faced in fund accounting and how you navigated them, showcasing your analytical skills and decision-making process.
