Fund Accounting Associate

JOB FUNCTION: Finance & Accounting
JOB TYPE: Direct Hire
LOCATION: Boston, MA
COMPENSATION: $65k - $90k
REMOTE / ONSITE: Hybrid
POSTED: Sep 8, 2022

Our client is a $48B global outsourced investment office acting for highly regarded endowments and foundations, senior investment professionals, and sophisticated ultra-high-net-worth families in Europe, North America, and Asia. They build long-term bespoke portfolios for their clients that invest across a range of traditional and alternative asset classes, with exposures built bottom-up through deep asset manager partnerships. And they are seeking a Fund Accounting Associate to join their team!

Salary/Hourly Rate:

$65k – $75k plus Bonus

Position Overview:

The Fund Accounting Associate, located in Boston, will assist with all aspects of the day-to-day operations of the private fund of funds, or pooled vehicles. The ideal Private Equity Investment Associate should have prior experience in fund accounting and/or fund operations. The successful applicant should be ready for wide-ranging responsibilities in multiple areas and will be expected to be flexible and willing to contribute to the firm’s continued success.

Responsibilities of the Fund Accounting Associate:

  • Review and reconcile accounting reports prepared by third-party administrators, including NAV packages, capital call, and distribution schedules, waterfall calculations, and client statements
  • Manage pooled vehicle cash movements, including review and approval of wires prepared by fund administrators
  • Be responsible for timely payment of all capital calls, fees, and distributions
  • Manage the daily execution process, including booking of all pooled vehicle accounting transactions within the firm’s performance system
  • Support the audit and tax process by overseeing admins and accountants, providing support, reviewing and reconciling reporting, and distributing financial statements and K-1s to clients
  • Support all pooled vehicle-related communications and interactions with the global firm and third-party providers
  • Act as the “information hub” of the organization and serve as a brand ambassador for the firm through management of the team inbox
  • Collaborate with other teams and service providers to research and problem solve

Qualifications for the Fund Accounting Associate:

  • One to two years of experience working in private funds
  • Strong understanding of hedge fund and/or private equity fund operations
  • Excellent attention to detail and problem-solving skills
  • Comfort with data analysis and strong technical acumen, specifically in Microsoft Excel. VBA and SQL are a plus
  • Highly motivated and proactive, anticipates what should be done to drive the business forward
  • Very strong organizational and project management skills; ability to thrive in a fast-paced environment
  • Team player who is very comfortable working in a small, entrepreneurial company
  • Key responsibilities may be assessed and are subject to change from time to time based on the needs of the business
  • Work overtime as needed

Education Requirements:

  • Bachelor’s degree in Finance, Accounting, Economics, or other related areas with a strong GPA

Benefits:

  • Medical, dental, and vision
  • Short and long-term disability insurance
  • Life insurance
  • Flexible spending accounts
  • Commuter benefits
  • Paid time off
  • 401k with employer match
As a woman-owned firm, we value diversity. We are an equal opportunity employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
Position ID: 113711