Accounting & Fund Administration Intern

Job Description

Accounting & Fund Administration Intern | Spero CFO

The Tone:
This is an internship at Spero CFO. Spero CFO delivers institutional-grade finance for founders, families, and funds, overseeing more than $1.5 billion in client assets under administration. The fund administration team functions as the back office for GPs and fund managers across private equity, real estate, venture, and credit sectors. This role is crucial for supporting the weekly and monthly reporting cycles of lending funds, ensuring accurate financial data and maintaining clean investor information.

The TL;DR
• Role: Internship
• Team: Supports the fund administration team serving GPs and fund managers.
• Mission: To ensure accurate financial reporting and maintain clean investor and entity data for lending funds, providing real ownership of recurring deliverables.
• Tech Stack: Software, AI

What You’ll Actually Do
• Financial Reporting Support: Support the weekly and monthly reporting cycle for Spero CFO’s lending funds, which includes the critical tasks of pulling source data, running detailed reconciliations, and meticulously preparing reports for internal review.
• Fund Balance Management: Reconcile fund balances and all reimbursable activity across various source systems and the general ledger. This involves precisely tracking fund-level positions, interest accruals, and outstanding balances to ensure accuracy.
• Discrepancy Identification & Resolution: Actively help identify and resolve any discrepancies found in financial data or reporting before reports are finalized and distributed, playing a key role in maintaining data integrity.
• Investor & Entity Data Maintenance: Keep all investor and entity data clean, complete, and current within Spero CFO’s systems. This includes organizing essential documents, contacts, commitment details, and position information, as well as formatting compliance and management-fee data from software exports.
• Audit & Compliance Assistance: Provide direct assistance with periodic regulatory and compliance reporting requirements. This involves assembling comprehensive documentation and supporting schedules required for audits, and diligently maintaining organized records and clear audit trails.
• Process Improvement & Automation: Actively contribute to improving operational efficiency by identifying manual, repetitive steps within existing workflows. Help build streamlined solutions, particularly leveraging AI technologies, and then document these improved processes to ensure they are repeatable and sustainable.

The Must-Haves
• Background: Master’s Degree (currently pursuing or recently completed) in Accounting or Finance. Entry-level career stage.
• Experience: Strong proficiency in Excel, including advanced use of formulas, pivot tables, and efficient handling of large data sets.
• Skills: Sharp attention to detail, demonstrated reliability in managing recurring deadlines with minimal supervision, excellent written communication skills, and discretion with confidential financial and investor information.