Oversee fund accounting operations for private equity clients, ensuring accurate NAV calculations, compliance, and timely financial reporting. Manage audits, streamline financial processes, and implement robust controls to support complex fund structures. Build strong client relationships, mentor and develop high-performing teams, and provide strategic insights to enhance operational efficiency and service quality for fund administrators and investors.
Job Title: Director of Fund Accounting - Private Equity Fund Administration
Role Overview:
As Director of Fund Accounting, you will oversee all fund accounting functions within a private equity firm, ensuring that all financial reporting, NAV calculations, and compliance tasks are executed accurately and on time. You will manage audits, design and refine financial processes, and lead a team of fund accountants. Your strategic input will drive the firm's operational effectiveness while maintaining strong relationships with clients and supporting their needs in fund management.
Key Responsibilities:
- Fund Accounting Oversight: Manage the daily fund accounting processes, ensuring the accurate preparation of NAVs, financial statements, and investor distributions in line with fund agreements and GAAP.
- Audit & Compliance Leadership: Supervise the audit process, ensuring financial statements are aligned with regulatory standards. Collaborate with external auditors to ensure smooth audits.
- Enhancing Financial Processes: Establish and maintain effective financial controls, streamline workflows, and incorporate technology solutions for operational efficiency.
- Client Engagement: Build and sustain strong client relationships, serving as the primary point of contact for fund accounting matters. Ensure clarity and timely communication with stakeholders.
- Team Leadership: Guide and develop a team of accounting professionals, ensuring high performance and fostering a collaborative work environment. Provide support on complex technical issues and career development.
- Strategic Guidance: Offer operational insights regarding investor allocations, fund structure, and reporting processes. Contribute to the continuous improvement of fund administration practices.
Qualifications:
- A degree in Accounting, Finance, or related field (CPA or CFA preferred).
- Over 7 years of experience in fund accounting, particularly in private equity or alternative investments.
- Strong familiarity with private equity fund structures, NAV calculations, financial reporting, and investor allocations.
- Experience managing audits, ensuring compliance, and implementing financial controls.
- Proven leadership ability with a track record of mentoring teams and managing client relationships.
- Expertise in financial systems and advanced Excel skills.
This role is ideal for individuals with a robust background in private equity fund administration, strong leadership abilities, and a commitment to driving operational success while enhancing client relationships and team performance.
