What are the responsibilities and job description for the Fund Accountant position at Northbound Executive Search?
Sr. Fund Consultant (Fund Accounting), New York NY
A growing organization in the Alternative Investments sector is seeking a Senior Associate in Finance to join our expanding Private Funds Group (PFG). Which has launched and closed several new funds over the past year and are looking for an experienced professional to help support our continued growth.
Responsibilities:
- Assist the Controller in overseeing the Private Funds Group
- Manage finance operations for 40 Private Equity Funds, including Primary and Secondary Fund of Funds and SMAs
- Validate the NAV for the funds prepared by the fund administrator
- Execute practical expedient (AU 332 reviews) during the quarterly valuation process
- Prepare quarterly and annual fund financial statements
- Coordinate with auditors during the annual audit
- Manage capital calls and distributions for GP and LP investors
- Prepare and monitor fund expenses and vendor payments
- Resolve tax issues for funds
- Handle regulatory reporting (Form PF, ADV, AIFMD)
- Provide support for RFPs and new deals
- Perform operational due diligence for new investments
- Prepare and analyze budgets, forecasts, and run rates
- Work on various ad hoc projects
- Manage cash flow and liquidity for the funds
Qualifications:
- Bachelor’s or Master’s Degree in Accounting
- CPA preferred
- 4-6 years of experience in the private equity space (a combination of public accounting and private experience is ideal)
- Strong attention to detail with a proactive and results-driven mindset
- Excellent ability to prioritize tasks, multi-task, and meet deadlines
- Capable of working independently and collaboratively with teams
- Professional maturity to engage with portfolio managers and investment teams
- Proficiency in Microsoft Excel and Word
