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Private Equity Accounting Associate Director – New York, NY

New York City-based Private Equity Fund Administration Firm is looking for an Associate Director to manage Private Equity funds.

Primary Responsibilities Will Include:

  • Work closely with the Director/ Managing Director managing daily Fund Operations
  • Manage the operations and accounting of an existing fund independently
  • Ability to interface and manage a client/ business with limited guidance
  • Familiar with LPA and other Governing documents. Able to extract key economics, compile, and document a thorough Summary with limited guidance
  • Able to supervise staff if required by client and team
  • Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and sign off prior to Director/Managing Director review
  • Perform multiple levels of review/analyses of Financial Reports/Capital Events and Private Equity Complex Transactions (depends on client and team)

Job Requirements, Skills, Education, and Experience:

  • Bachelor’s degree in Accounting – Public/Private CPA Preferred
  • 5+ years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience
  • Ability to learn on the job quickly, apply learning to clients and recommend solutions to issues
  • Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
  • Sound knowledge of Investment Company Accounting (ASC 946), Economics (Waterfalls and Allocations), Fund Structure (Corporate, Partnership, Tax Blockers, etc. within an Organization Chart) / Investor Classifications
  • Sound knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in US GAAP (ASC 946) and IFRS Ability to Prepare and review
  • Sufficient knowledge and hands-on experience with governing documents, such as LPAs, Mgmt. Advisory Agreements, Side Letters, Separate Fee agreements, etc.
  • Hands-on experience accounting/audit of private equity funds (including blockers, Parallel, SPV, AIV, Co-Investment Vehicles) management companies, and other related vehicles
  • Excellent verbal, written, and interpersonal communication skills.
  • Strong attention to detail and accuracy
  • Superior problem solving, judgment, and decision-making skills
  • Ability to think independently, prioritize, multi-task, and meet deadlines.
  • Extensive Microsoft suite skills – Excel (pivots), Word, PowerPoint, and Outlook

All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States