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Gen II Fund Services · 1 day ago

Fund Accounting Director

Greater Boston

Full-time

Hybrid

Mid, Senior Level

$135K/yr - $190K/yr

7+ years exp

Gen II Fund Services is a leading tech-enabled Private Equity Fund Administrator seeking a Fund Accounting Director to join their growing team. The role involves leading and mentoring teams, ensuring technical excellence and client service, while overseeing accounting and fund administration for multiple investment sponsors.

Asset ManagementFinanceFinancial ServicesHedge Funds

No H1B

Responsibilities

Direct the day-to-day accounting and fund administration for multiple investment sponsors

Extensive hands-on involvement in preparing and reviewing workpapers, investments, accruals, financial statements with footnotes and investor allocations

Heavy client interaction daily

Frequent communication with clients at the executive level

Maintain a working relationship with all client contacts, auditors, lawyers, and banking personnel

Lead, direct, and coach team of Staff Accountants at several levels

Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and sign off prior to Managing Director review

Manage special projects, when required

Qualification

Fund accounting experienceSupervisory experienceCapital callsDistributionsBachelor’s degree in AccountingAdvanced investment experiencePIK/OID calculationsPartnership Agreements knowledgeUSGAAP reporting knowledgeMicrosoft Excel skillsLeadership skillsCommunication skillsProblem solving skillsAttention to detail

Required

7+ years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the candidate has gained financial products knowledge

5+ years of supervisory experience

Bachelor's degree in Accounting, Economics and/or Finance

Comfortable with PIK/OID calculations

Advanced experience in preparing capital calls and distributions including complicated waterfall models

Very comfortable in understanding and navigating through Partnership Agreements, legal documents, and Investment Agreements

Advanced knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in USGAAP

Strong written and verbal communication skills

Technical Knowledge and Business Acumen

Ability to learn on-the-job quickly, apply learning to clients and recommend solutions to issues

Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment

Excellent verbal, written and interpersonal communication skills

Strong attention to detail and accuracy