What are the responsibilities and job description for the Senior Fund Accountant position at Portfolio Advisors?
About Portfolio Advisors, LLC
Portfolio Advisors is a global private asset manager specializing in the U.S. middle market. We provide tailored private equity, private credit and private real estate investment solutions through a variety of customized programs, including direct, secondary and primary investments, and junior and senior credit. Since our founding in 1994, Portfolio Advisors has served as an active partner to the middle-market community, leading to superior access and value creation for clients and sponsors alike.
In 2023, Portfolio Advisors combined with FS Investments, a pioneer in the democratization of alternative assets. Together, we manage over $83 billion in assets and offer a broad suite of alternative strategies to both institutional and individual investors. The combined company has more than 500 employees across offices in the U.S., Europe and Asia, with headquarters in Philadelphia and Darien, CT.
About the job:
We are looking to hire a full-time employee to handle the overall accounting, reporting, and operations for our GP entities. The ideal candidate should be motivated, organized, a team player, and capable of prioritizing and multitasking competing assignments in a fast-paced environment. This role reports directly to the Assistant Controller of our GP Reporting team.
The successful candidate is expected to:
- This position will work closely with our third-party Fund administrators and internal Fund Controllers.
- Will be expected to understand complex fund structures and apply knowledge to the accounting and reporting for our 59 GP entities and for 100 GP members.
- Issue capital calls and distributions to GP members (as required)
- Track and record cash flows and performance for our GP entities.
- Maintain the underlying workpapers for our GP entities and prepare quarterly capital account statements for GP members.
- Support the Senior Controller in managing the carried interest allocation process and ultimate distribution to GP members.
- Support the Senior Controller in maintaining the carried interest vesting schedules.
- Work with third party lender that provides financing to GP members for individual stakes.
- Answer questions received directly from GP members about personal investments.
- Manage the reporting for strategic investors in accordance with the terms of our agreements.
- Assist in financial modeling and carry projections as well as other ad-hoc data analyses as required.
- Support CFO in maintaining controls and best practices.
Mandatory Requirements:
- Private equity experience (candidates without this experience will not be considered)
- Strong understanding of Fund accounting
- BS/BA in Accounting or Finance
Preferred Qualifications:
- Entrepreneurial mindset- must have the ability to manage workflow independently and not wait to be told what to do.
- Strong written skills - ability to write clear and detailed emails and memos.
- Clear verbal skills- demonstrated ability to convey discussions in an accurate manner and be assertive when required.
- Strong critical thinking and problem-solving skills
- Strong work ethic and organizational skills
- MBA/CFA/CPA designations considered a plus.
Other Items to Note About Role:
- We observe an in-office policy of 4 days in the office.
Portfolio Advisors is an Equal Opportunity Employer.
Portfolio Advisors does not accept unsolicited resumes from recruiters or search firms. Any resume or referral submitted in the absence of a signed agreement is property of Portfolio Advisors and no fee will be paid.
