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Fund Administration – Quality Control and Accounting – New York, NY

NYC-based fund accounting administration firm is looking for a Senior Fund Accountant for our Quality Control and Accounting Group.

Specific Responsibilities:

Quality Control – Private Equity Funds Administration – Client Deliverables

  •  Conduct initial reviews, including the performance of high-level analytics, for Client Service Teams’ (“CSTs”) deliverables (e.g. financial and investor statements; capital calls and distributions; carried interest and management fee calculations) 
  • Communicate and help resolve to account and report concerns identified during the review process Communicate progress, issues, and status of reviews to QC managers and CSTs, and work closely with stakeholders to manage expectations and ensure review deadlines are met 
  • Assist in the analysis of QC review data to identify trends, best practices, and areas for improvement 
  • Assist in researching industry developments, new accounting pronouncements, and market trends for reporting to senior management and the CSTs 
  • Assist in the preparation and presentation of various QC training topics (e.g. technical accounting issues; financial reporting; industry updates; QC process)

Additional Responsibilities:

  • Assist in the annual SOC1 process and help manage internal compliance with business policies and procedures
  •  Identify opportunities to standardize processes, workflows, procedures, templates, and tools to manage risk, and improve the quality and consistency of deliverables
  • Assist with ad-hoc projects as required

Skills & Experience:

  • Bachelor’s degree in accounting (GPA 3.5+)
  • 2-5 years of experience in accounting/auditing alternative investment companies under US GAAP; CPA beneficial
  • Sound knowledge of investment company accounting under ASC946 (including financial and investor reporting for investment funds / fund-of-funds / investment companies). IFRS knowledge a plus
  • Private equity fund experience preferable, including investment funds and related structures (e.g. blockers, splitters, parallel vehicles, SPVs, AIVs, co-investment vehicles, private equity fund-of-funds, management companies) and private equity investor economics (e.g. carried interest waterfalls and allocations)
  • Ability to review and analyze financial statements, footnotes, investor reporting, investor allocations, limited partnership agreements, and other relevant financial and legal documents/activity
  • Excellent verbal, written, and interpersonal communication skills
  • Strong attention to detail
  • Ability to think independently, prioritize, multi-task, and meet deadlines
  • Proficient with Microsoft suite