Stone Coast Fund Services · 1 day ago
Hedge Fund and Private Equity Accountant
Portland, ME
Full-time
Hybrid
Entry, Mid LevelStone Coast Fund Services is a fast-paced financial company that values its employees and community. The Private Equity Fund Accountant will be responsible for preparing Net Asset Value (NAV) for Private Equity Funds, managing fund events, and generating investor reports while ensuring compliance with regulatory standards.
ConsultingFinancial ServicesInsurance
Responsibilities
Understand and able to complete daily/monthly/quarterly Net Asset Value (NAV) preparation for Private Equity Funds along with some traditional hedge funds, which includes Cash and Portfolio reconciliations, Investment Holdings Valuations, Income and Expense Accruals
Prepare calculations and prepare notices for fund events such as capital calls, distributions, and subsequent closes
Calculate carried interest, understanding of differing waterfall structures/tiers including preferred returns
Allocate profit and loss to investors/shareholders including the calculation of a variety of management and performance fees for our Hedge Funds and Private Equity funds and their investors
Prepare Private Equity-specific Financial Statements, adhering to regulatory and industry standards
Review and understand private equity fund clients’ offering documents, PPMs, commitment documents, and other materials, including the impacts to the fund during various periods of the fund’s lifecycle. (i.e. treatment of recycling/recallable distributions, subsequent close interest, and other closed end features)
Process and record fund expense payments and ensure cash wire requests are completed accurately and timely
Generate and deliver fund and investor reports to fund managers and investors of assigned clients
Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients
Communicate with internal and external entities on fund accounting matters and assist in issue resolution
Qualification
Required
Fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained PE process and products knowledge
Familiarity with the types of investments and strategies held by Private Equity funds
Must be able to learn complicated concepts quickly
Proficiency with Microsoft Office is essential, advanced Excel (formulas, pivot tables, and filtering) are a must
Demonstrates superior verbal and written communication skills
Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investor a plus
Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system a plus
Experience with financial reporting, information security and client, vendor, and risk management a plus
Four-year college degree, preferably in Accounting, Finance, Business Management or Economics
Benefits
Remote work flexibility
Competitive pay and benefits
Rapid opportunity for promotion
Fully paid community service days
Company
Stone Coast Fund Services
Stone Coast Fund Services is a financial services company providing hedge fund administration and consultancy services.
Founded in 2006
201-500 employees
H1B Sponsorship
Stone Coast Fund Services has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2022 (1)
Funding
Current Stage
Growth StageCompany data provided by crunchbase