Fund Accountant

Job Description

Fund Accountant | Gen II Fund Services

The Tone:
This is a full-time role at Gen II Fund Services, located across various US offices, requiring a hybrid work schedule comprised of three days in-office and two days remotely. Gen II Fund Services is a leading global independent private equity fund administrator, responsible for administering over $1 trillion in private capital for a significant client base. In this role, the Fund Accountant will be crucial in providing comprehensive accounting services, ensuring the accurate preparation and processing of transactions and financial statements, which underpins the operational integrity and financial reporting for diverse private capital funds. The position contributes directly to the company’s mission of offering best-in-class support to private fund sponsors through its experienced team and robust operational infrastructure.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid US
• Pay: $60000–$70000 yearly
• Mission: This person ensures accurate financial reporting and transaction processing for private equity funds, supporting Gen II Fund Services’ extensive client portfolio.

What You’ll Actually Do
• Transaction Management: Process all cash-related activities for funds and diligently perform bank reconciliations to ensure the integrity and accuracy of financial records.
• Ledger Maintenance: Record all necessary journal entries into the accounting system and meticulously maintain the general ledger, serving as the foundational record for all financial transactions.
• Reporting Preparation: Prepare and organize comprehensive workpapers and checklists, which are essential supporting documentation for financial reporting, and compile financial statements along with required footnotes.
• Investor Capital Operations: Administer the processing of investor capital calls and distributions, and accurately prepare detailed partner capital account information to ensure transparent communication with investors.
• Audit Coordination: Act as a key point of contact and actively liaise with the client’s independent auditors, providing necessary documentation and explanations during audit engagements.

The Must-Haves
• Background: A Bachelor’s degree is a mandatory requirement for this position, laying the essential academic groundwork for a career in fund accounting.
• Experience: While no specific years of experience are listed, candidates are expected to demonstrate foundational knowledge in accounting principles and practices, as typically acquired through a Bachelor’s degree program. The role is suited for individuals beginning their professional journey in financial services.
• Skills:
– Proficiency in preparing and processing financial transactions and statements, including supporting schedules.
– Strong ability to record journal entries and maintain a comprehensive general ledger.
– Competence in preparing detailed workpapers, checklists, and financial statement footnotes.
– Capability to handle investor capital call and distribution processing, along with partner capital account management.
– Effective communication skills for liaising with independent auditors.
• Bonus: A Bachelor’s degree specifically in accounting is highly preferred, indicating a specialized academic focus that aligns directly with the core functions of this role.