Fund Accountant

Job Description

Fund Accountant | Gen II Fund Services

The Tone:
This is a full-time role at Gen II Fund Services, offering a hybrid work schedule for employees in our US offices. Gen II is a leading global independent private equity fund administrator, managing over $1 trillion in private capital for clients worldwide. In this role, the Fund Accountant will be crucial in providing comprehensive accounting services, ensuring the accurate and timely processing of transactions and financial statements. This position directly supports the operational infrastructure and financial reporting needs of our private fund sponsors, contributing to the high-quality service Gen II is known for.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid, New York, NY
• Pay: $60000–$70000 yearly
• Mission: Responsible for providing accurate and timely accounting services to support the financial operations and reporting of private capital funds.

What You’ll Actually Do
• Cash Management: Process all cash transactions, including incoming and outgoing funds, and perform thorough bank reconciliations to ensure accuracy.
• General Ledger Maintenance: Accurately record a variety of journal entries and diligently maintain the comprehensive general ledger for assigned funds.
• Financial Statement Preparation: Develop and prepare complete financial statements, including detailed footnotes, along with supporting schedules, workpapers, and checklists.
• Capital Account Administration: Manage and prepare detailed partner capital account information, and process investor capital calls and distributions effectively.
• External Audit Liaison: Serve as a primary point of contact and collaborate with clients’ independent auditors, providing necessary documentation and support for audit processes.

The Must-Haves
• Background: A Bachelor’s degree is a foundational requirement for this position, providing the necessary academic groundwork for a career in fund accounting. While any Bachelor’s degree is accepted, a strong preference is given to candidates with a degree specifically in accounting, due to the direct relevance of the coursework to the responsibilities of the role.
• Experience: The actual salary offered for this position will be commensurate with the candidate’s experience level, indicating that relevant prior experience, even at an early career stage, is a valuable asset. The role is suitable for individuals looking to apply their accounting knowledge in a professional setting.
• Skills: Essential skills for this role include proficiency in preparing and understanding financial statements and their accompanying footnotes, meticulous general ledger maintenance, and the ability to accurately record journal entries. Experience with cash processing, bank reconciliations, and preparing partner capital account information is also key.
• Bonus: Candidates who possess a Bachelor’s degree specifically in accounting will be viewed favorably, as their educational background will directly align with the core functions and technical demands of the Fund Accountant position.