Job Description

Overview As a Fund Accounting Manager, you will be responsible for overseeing the full-cycle accounting and financial reporting for a portfolio of private funds, ensuring accuracy, compliance, and timely delivery of financial information to stakeholders inclusive of Fund’s NAV production, maintenance of the internal control environment, the internal and external audit process, as well as the treasury function. Fund structures could include but not limited to hedge funds, private equity funds, private debt funds, and real estate funds. You will collaborate with Fund Accountants and cross function experienced professionals. Responsibilities Your day-to-day may include: Manage the day-to-day accounting operations for multiple private funds, including complex fund structures with tiered ownership and waterfall calculations. Review and approve quarterly and annual GAAP-compliant financial statements, capital account statements, and supporting schedules. Oversee capital call and distribution processes, ensuring accurate allocation of cash flows and timely investor communication. Maintain and reconcile investor capital accounts, including tracking commitments, contributions, preferred returns, and carried interest. Collaborate with external auditors and tax advisors to support year-end audits and K-1 preparation. Lead and mentor a team of fund accountants, providing guidance, training, and performance feedback. Implement and enhance automated reporting tools and workflows to improve efficiency and accuracy. Analyze fund performance metrics and provide insights to senior leadership for strategic decision-making. Responsible for the month-end and quarterly NAV, including the pricing, financial reporting, and accounting of the Fund Manage and account for purchase and sales transactions through their life cycles Analytically review monthly/quarterly investment and fund performance data to measure historical performance to forecast future fund performance Produce cash flow, total rate of return and profitability analysis to support portfolio managers Prepare and monitor covenants and report to management on overall debt position Track tax strategies and ensure appropriate application within the fund and its investments Maintain an excellent and collaborative relationship with internal and external partners Meet or exceed targeted billing hours (utilization) Other duties as assigned Qualifications You have the following technical skills or qualifications: Bachelor’s degree in Accounting required Minimum 5 years of experience in fund accounting, with a strong focus on private equity or alternative investments. Thorough experience with complex investment and fund structures (master funds, blocker and standalone entities, feeder funds, liquidated funds, and newly commenced funds) Prior experience in a public accounting firm (Big 4 or similar) and/or fund administrator is a plus CPA required Proficiency in fund accounting systems such as Investran, Allvue, Geneva, OneSource, DFIN Arc Reporting, etc. Experience working with Fund Portfolio Managers and Controllers Proven ability to manage multiple priorities and meet deadlines in a fast-paced environment. Ability to work additional hours and/or travel as needed The base salary for this position in our New York City (Manhattan Office) only is $121,000 to $181,400. #J-18808-Ljbffr Grant Thornton

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