What are the responsibilities and job description for the Associate, Fund Accounting position at General Atlantic Service Company, L.P?
About General Atlantic
General Atlantic is a leading global investor in the private markets with more than four decades of experience providing capital and strategic support for over 540 growth companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Infrastructure strategies. General Atlantic manages approximately $100 billion in assets under management, inclusive of all strategies, as of October 1, 2024, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com.
Position Summary
The position will be a part of the Fund Accounting Team and will have varied responsibilities, including but not limited to, managing daily transactions of our limited partnership vehicles, financial statements and compliance reporting, quarterly investor (and ad hoc) reporting, internal reporting, spreadsheet modeling and analysis, and special projects as needed.
Responsibilities
The position will play an integral role in the financial accounting and reporting of the firm’s investment partnerships. Responsibilities include:
- Daily general ledger accounting duties, such as booking of transactions, accruals, and other journal entries
- Reconciliation assistance with the period-end close
- Support cash management activities, including cash flow planning and bank reconciliations
- Assistance with capital call and distribution process, including investor notices and recording of the transactions
- Process, review and allocation of invoices for payments to vendors
- Tracking sales of investments and allocating proceeds and gains based on each partners ownership percentage
- Assisting the team with preparation of investor reporting and annual audits, as well as internal and external compliance reporting
Qualifications
- Prior exposure to auditing and accounting/reporting functions
- 2-4 years of public or private accounting experience preferred (CPA, or working towards CPA required)
- Prior experience in private equity required
- Ability to plan, organize, and prioritize multiple tasks while responding to requests for information
- Strong written and oral communication skills, including giving presentations
- Strong analytical capability and attention to detail
- Significant proficiency in Microsoft Excel including links, reference formulas/lookups, and pivot tables (Macro skills a plus)
- PowerBI, Alteryx, or other data analytic software knowledge a plus
- Team player willing to assist others when asked
GA Value
- Competitive compensation
- Comprehensive health, dental, and vision insurance plans
- Retirement savings plan with employer matching
- Professional development opportunities and ongoing training
- Collaborative and inclusive work culture with opportunities for advancement
General Atlantic offers a robust reward program to all employees that will support you and your family, maintaining fulfilling, secure and healthy lives now and into the future, which includes but is not limited to medical insurance, retirement savings contributions, mental and physical health resources and an equal pay program that allows you to earn a base salary of $100,000 - 150,000 USD of which the exact amount offered will be driven by the degree to which you meet role requirements, additional special skills and experience. Additional reward programs, such as annual discretionary bonuses and long-term incentive programs, are available for eligible employees and are offered as recognition for performance and one’s contributions towards the organization’s success.
General Atlantic is an equal opportunity employer and does not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
By completing this application, you are consenting to General Atlantic’s processing and use of your personal data. Information on how General Atlantic will use and process your data can be found here: https://www.generalatlantic.com/privacy-notice/
Salary : $100,000 - $150,000