Private Equity Quality Control Senior Fund Accountant – New York, NY

New York City based Private Equity Fund Administration Firm is looking for a Senior Fund Accountant for our Quality Control and Accounting Group.

Primary Responsibilities Will Include:

  • 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 accounting and reporting 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

Job Requirements, Skills, Education and Experience:

  • Public/Private Bachelor’s degree in accounting
  • 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

Why Gen II?

  • Gen II’s founders, Norman Leben, Steven Millner, and Steven Alecia pioneered the private equity administration business
  • Gen II is the largest independent, U.S. based, private equity fund administrator, covering over $300B of private capital
  • The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad product expertise across buyout, fund of funds, real estate, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail and managed accounts
  • Offices in New York, Boston, Dallas, San Francisco, Stamford and Luxembourg

Why QC?

  • QC’s oversight role offers unique exposure to a broad variety of fund structures, economics and reporting requirements
  • High profile role in managing risk and promoting best practices. Direct reporting to senior management and exposure across the firm
  • Develop technical excellence and independent thinking
  • Involvement in ad-hoc projects
  • Rapidly growing business offers opportunities for development and advancement

About The Company:

Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $350 billion of private capital on behalf of its clients with offices in New York, San Francisco, Boston, Stamford, Dallas, and Luxembourg. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to most effectively manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.

Key Facts:

  • Administering over $350B in assets
  • Servicing nearly every significant investor in the asset class
  • Institutional grade infrastructure and SSAE 18 (SOC-1, Type 2) certification, ensuring confidence in our processes and operating model
  • The most experienced and best performing team in the industry

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