What are the responsibilities and job description for the Fund Accounting Operations Manager position at StepStone Group?
Job Description
Job Description
We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world's investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
Position Overview
The Manager will be responsible for management and oversight of the day-to-day reconciliations between third party administrators (TPA) and the internal performance reporting system (SPI). In this position, the Manager will manage a team of accountants and consultants. The Manager will also work closely with StepStone's Financial Reporting Group, StepStone's Fund Accounting and Portfolio Analytics and Reporting (SPAR) and various fund administrators.
Essential Job Functions :
- Manage and oversee the reconciliation process and the team (FA DR) including, but not limited to :
- Daily monitoring of dashboard that compares performance reporting system data to TPAs underlying investment cash flow activity
- Quarterly monitoring of reconciliation that compares performance reporting system data to TPAs underlying investment NAVs
- Manage deadlines and ensure team is on time delivering reconciliations
- Review variance breaks and work with FA DR, SPAR and / or TPAs to resolve breaks
- Corresponding with General Partners regarding accounting / reporting questions, or other issues, as necessary
- Record, update and review investment transactions in the internal performance reporting system
- Produce quarterly portfolio cash flow reconciliation files
- Maintain oversight of the team mailbox
- Understand partnership agreements and investment purchase / sale agreements to understand transaction activity
- Ensure new portfolios and investments are set up in the TPAs system and mapped with SPI system identifiers
- Comprehend the full reconciliation process across multiple internal and external parties with the ability to troubleshoot errors and implement improvements
- Create a process to reconcile public stock sale transactions efficiently
- Build a guide on how to treat tax withholdings including procedures on how to record the withholdings
- Perform other duties as requested or as responsibilities dictate
Education and / or Work Experience Requirements :
Other Attributes :
Salary Range - $100,000 - $115,000
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
About us
Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.
Benefits
We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
LI-Hybrid
Salary : $100,000 - $115,000
