Pinnacle Fund Services · 3 months ago
Private Equity Fund Accountant
United States
Full-time
Remote
New Grad, Entry Level
$57K/yr - $70K/yrPinnacle Fund Services is a privately-owned company providing accounting and administrative services to investment vehicles. They are seeking a Fund Accountant to support the NAV production process for a private equity client portfolio, working closely with Senior Fund Accountants and Management.
AccountingConsultingFinancial Services
Responsibilities
Assisting with the preparation of net asset value calculations on a timely basis, which includes:
Recording capital activity such as capital calls & distributions
Recording cash activity and performing cash reconciliations
Pricing portfolios in accordance with funds’ offering documents
Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards
Preparing Investor Statements and contract notes
Supporting preparation of financial statements
Supporting year-end audit and tax reporting requests
Supporting responses to ad-hoc reporting requests as required by clients
Process cash transactions - including but not limited to posting of GL entries, investment purchases/sales and corporate actions
Review of investment supporting documentation to ensure accuracy of booking
Refresh NAV Workbook after each cash transaction and resolve any discrepancies
Prepare and reconcile income and expense accruals, including calculating admin fees, management fees and carried interest in line with relevant accounting standards
Refresh Financial Statements and resolve any discrepancies
Upload Fund Pricing schedules
Run NAV reporting packages
Refresh Tax & AWP workbooks
Enter Capital calls & distributions
Prepare investor notices
Interacting with clients - assisting with any questions, ad hoc requests and providing support
Assisting in yearend Audits and liaising with Audit and Tax providers
Coordinating with Investor Services team on counterparts update, investor/client requests
Collaborate with internal and external parties to meet client requirements and address investor inquiries
Updating Wrike daily to ensure status of work is up to date to ensure deadlines are met
Support in SOC Audit and providing supporting documentation for samples
Documenting procedures on funds
Preparing sub close calculations including equalization and equalization interest on an investor per investor basis
Provide Cash Management Services for distribution and any fund expenses
Perform Waterfall/carried interest calculations
Qualification
Required
Strong knowledge of Microsoft Excel
Solid interpersonal and communication skills
Strong organizational skills
Ability to handle multiple demands, competing priorities, and constant change
Ability to allocate time effectively and manage tight deadlines
Ability to manage own time and workload effectively ensuring both internal and external deadlines are met
Preferred
Prior fund accounting experience is desired, but not required
Understanding of closed-ended funds is desired, but not required
Accounting designation desired but not required
Prior experience with PFS-Paxus is desired, but not required
Benefits
Extended Health Benefits
RRSP Employer Match Program
Competitive Compensation
Annual discretionary bonus
Educational Support
Work-Life Balance
Remote Firm, with some in-office days with purpose (learn, build relationships, collaborate & socialize)
Exposure to all aspects of the business
Company
Pinnacle Fund Services
Pinnacle Fund Services provides services to investment funds, management companies and general partners.
Founded in 2010
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase