Fund Accounting Manager (Private Equity) - Daley and Associates

Fund Accounting Manager - Boston, MA - Private Equity

A leading private equity fund based in Boston is looking to hire a Fund Accounting Manager to their growing team. The ideal candidate has 4-6 years of private equity-based accounting experience either at private equity or a fund administration firm, a working knowledge of partnership accounting, experience managing direct reports. 

Key Responsibilities:

• Develop familiarity with the fund partnership agreements for various clients

• Obtain a working knowledge of all key systems, primarily Investran Live (accounting system), Salesforce CRM and Intralinks through training with the accounting group

• Coordinate investor communication including capital call and distribution notices and capital balances statements for various clients

• Input and review investment transactions into Investran Live general ledger system

• Prepare management fee calculations, invoices and journal entries for review

• Review daily and monthly cash reconciliations for various partnerships and related portfolio companies

• Update allocation/waterfall models (quarterly) for partnerships based on the terms outlined in partnership agreements

• Prepare the fund financial statements (Statements of: Assets and Liabilities/Partners’ Capital, Operations, Partners’ Capital, and Cash Flow) and other management reporting (IRR performance summaries, investment transaction reports, etc.)

• Work alongside the Associate/Senior Fund Accountants (“Accountants”) to provide direction on various projects and inquiries, inclusive of reviewing material prepared by Accountants. These tasks include reviewing general ledger entries, quarterly workpapers, audit confirms, LP requests and other ad hoc material.

• Calculate private equity benchmark returns, including gross/net MOI and IRR, along with TVPI, RVPI and DPI

• Prepare materials for the interim and annual audit of the fund partnerships for various clients and establish a working relationship with auditors

• Manage direct relationships with various clients, including weekly update calls and ensuring agreed upon timelines and deliverables are strictly adhered to

Qualifications:

• Education: BS required. Work towards CPA or MBA a plus

• Detail-oriented with the ability to complete tasks in a timely manner

• Willingness to take on additional ad-hoc tasks and projects

• Ability to build and maintain advanced spreadsheets using Microsoft Excel

• Knowledge of Investran Live is a plus

• Excellent analytical, planning and organizational skills

• Strong interpersonal, communication and organizational skills with a team approach

This role is a full-time hybrid opportunity (1-2 days a week in office) that will offer up to $140K on a base salary, bonus, revenue share, and 100% benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at vkulturides@daleyaa.com

 

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