Staff Accountant – Investment Accounting

Job Description

Staff Accountant | The Kraft Group & Affiliates

The Tone:
This is a full-time role at The Kraft Group & Affiliates, located in Foxborough, MA. The company manages a complex private family office, overseeing a diverse portfolio of entities. This Staff Accountant position is critical for maintaining robust financial records, ensuring accuracy in investment accounting, and supporting comprehensive financial reporting across the organization. The role directly contributes to the financial health and operational integrity of the family office by ensuring accurate data for decision-making and compliance.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person Foxborough, MA

• Team: Family office accounting team, collaborating with investment office, tax, and third parties.
• Mission: Own accurate and complete investment accounting records and reporting for a complex private family office.
• Tech Stack: Excel, Power BI

What You’ll Actually Do
• Investment Accounting: Maintain and reconcile investment partnership books and records, process investment activity, and oversee third-party administrators for accuracy and completeness of financial data.
• Corporate Actions Analysis: Monitor and analyze corporate actions, determining accounting implications across entities and communicating proper treatments to stakeholders.
• Account Reconciliation: Perform comprehensive reconciliations of bank, investment, and capital accounts, resolving discrepancies and preparing transaction requests related to capital calls, distributions, and other fund activities.
• Process Improvement: Identify and implement workflow improvements, proactively evaluate internal controls, and contribute to automation initiatives including Power BI reporting and process optimization.
• Data Review & Oversight: Review investment data, reconciliations, and supporting documentation prepared by internal teams and third-party administrators for accuracy and policy adherence.

The Must-Haves
• Background: Bachelor of Accounting with working knowledge of generally accepted accounting principles (GAAP) and investment accounting concepts such as capital calls, distributions, in-kind transfers, valuation adjustments, and partnership allocations.
• Experience: 1-2 years of accounting experience required; public accounting experience preferred.
• Skills: Advanced Excel proficiency, analytical thinking, strong organizational skills, ability to work independently, effective communication.
• Bonus: Experience with data visualization or reporting tools such as Power BI.