Fund Accountant

This is a fully remote position, open to applicants in Florida.

📋 Description

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

• Oversee capital calls and distributions, managing LP notifications, wire transfers, and reconciling across the fund as well as any SPVs or parallel vehicles.

• Collaborate with the fund administrator, independent auditors, and tax preparers; ensure high-quality delivery across all third-party interactions.

• Maintain the chart of accounts and supporting documentation; guarantee that all materials are audit-ready at all times.

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

• Rigorously assess investment models and IC memos for internal consistency, accounting treatment, and potential downside scenarios.

• Take charge of the fund-level economic model — projecting MoM, IRR, fees, carry, hurdle, and waterfall mechanics across various deal scenarios.

• Develop and sustain LP-facing illustrative cash flow and return projections; ensure that pitch materials accurately reflect modeled economics.

• Formulate perspectives on structuring issues including 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.

• Maintain ILPA-aligned reporting templates and fulfill any LP-specific reporting obligations.

• Oversee the quarterly valuation process under ASC 820; coordinate inputs from the deal team and external valuation advisors as necessary.

• Assist with regulatory and compliance filings (Form ADV, Form PF as applicable) in collaboration with outside legal counsel.

• Uphold the fund's internal control environment and policies, including those related to valuation, expense allocation, and ethics/personal trading.

• Review financial reports from portfolio companies; promptly raise accounting or operational issues to the deal team.

• Provide FP&A support to portfolio companies as required, particularly in early-stage or newly established businesses where financial functions are still developing.

• Monitor operational KPIs across the portfolio and assist in quarterly portfolio reviews.

⛳️ Requirements

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

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

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

• Proficient hands-on financial modeling skills; capability to construct and validate a deal model, fund-level cash flow, and waterfall from scratch using Excel.

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

• Excellent written and verbal communication skills.

🏝️ Benefits

• Competitive base salary with the potential to earn a performance-based incentive payment.

• Comprehensive benefits package including health insurance, vision insurance, dental insurance, life insurance, retirement plan, and paid time off.