Fund Accountant

This is a fully remote position, open to applicants in Florida, +1 more state.

📋 Description

• Take ownership of quarterly and annual fund accounting cycles, which encompass NAV calculations, capital account statements, and partner allocations.

• Oversee capital calls and distributions, including LP notices, wire mechanics, and reconciliation across the fund, SPVs, and parallel vehicles.

• Collaborate with the fund administrator, independent auditors, and tax preparers.

• Maintain the chart of accounts and prepare audit-ready supporting workpapers.

• Manage fund-level cash, expense allocations, and finances of the management company.

• Conduct pressure tests on investment models and IC memos to ensure internal consistency, appropriate accounting treatment, and analysis of downside scenarios.

• Take charge of the fund-level economic model, which includes projected MoM, IRR, fees, carry, hurdle, and waterfall mechanics.

• Develop and maintain LP-facing cash flow and return projections.

• Formulate perspectives on structuring issues such as co-invest vehicles, special allocations, and GP economics.

• Generate quarterly LP reports, capital account statements, and performance summaries.

• Assist with LP DDQ responses, capital call notices, and address ad hoc LP inquiries.

• Ensure compliance with ILPA-aligned reporting templates and LP-specific reporting commitments.

• Manage the quarterly valuation process in accordance with ASC 820.

• Provide support for Form ADV and Form PF filings in collaboration with outside counsel.

• Uphold the internal control environment and relevant policies.

• Review financial reporting of portfolio companies and flag any accounting or operational issues.

• Offer FP&A support to portfolio companies.

• Monitor operational KPIs and assist with quarterly portfolio reviews.

• Establish comprehensive fund operations and successfully execute the initial full LP reporting cycle.

• Cultivate relationships with fund administration, audit, tax, and compliance partners.

• Document and preserve institutional knowledge of fund economics within the team.

⛳️ Requirements

• 5–10 years of pertinent experience in fund accounting at a private equity firm, fund administrator, or Big 4 private equity assurance/advisory; or strategic finance and corporate development with significant exposure to fund mechanics.

• CPA certification preferred, or equivalent technical accounting expertise, including ASC 820, partnership accounting, and complex equity instruments.

• Strong understanding of private equity fund structures, including LP/GP economics, American and European waterfalls, hurdle and catch-up mechanics, management fee offsets, GP commitment, and co-invest economics.

• Proficient in financial modeling; capable of building and auditing a deal model, fund-level cash flow, and waterfall from scratch using Excel.

• Comfortable creating processes from the ground up in a small team setting.

• Excellent written and verbal communication skills.

• Experience in healthcare services, including knowledge of RCM, multi-site care, service platforms, as well as awareness of AKS, Stark, and HIPAA-related matters (preferred).

• Experience in supporting a fund during its first close or earliest vintage (preferred).

• Comfortable participating in deal discussions and providing substantial input on structure, return sensitivity, and accounting consequences (preferred).

• Interest in advancing to a Controller or senior finance professional role at MFO over time (preferred).

🏝️ Benefits

• Health insurance

• Vision insurance

• Dental insurance

• Life insurance

• Retirement plan

• Paid time off

• Performance-based incentive payment opportunity

• Remote work arrangement

• Ability to travel to offices in Boca Raton, FL and New York, NY