Director, Private Equity Accounting

About the role

This leadership role is responsible for overseeing the accounting and administration of multiple alternative investment funds, with a primary focus on private equity clients. The position combines deep technical expertise in fund accounting with client relationship management, team leadership, and oversight of critical fund operations, including financial reporting, investor allocations, distribution waterfalls, and audit coordination.

Responsibilities

• Manage multiple fund relationships, including scheduling and meeting all client deliverables
• Maintain/manage client expectations and coordinate deliverables timelines with staff
• Demonstrate strong knowledge of accounting, specifically with respect to alternative investment funds, with a focus on private equity funds
• Participate in new business discussions with prospects and existing clients
• Prepare and maintain goals and career development plans for all direct reports
• Prepare semiannual performance appraisals and discussions for all direct reports
• Provide guidance and direction to staff on all technical and client-service-related topics
• Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements, in order to ensure proper application of fund terms
• Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
• Review work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
• Review management fee calculations, including offsetable amounts, management fee waiver contributions, etc.
• Review investor allocations and capital account statements
• Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
• Create, maintain, and/or review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
• Prepare and/or review financial statements, notes disclosures, and supporting schedules
• Develop/maintain robust review procedures around deliverables
• Manage the year-end audit process, in collaboration with the client and auditors

Requirements

• Bachelor’s degree in Accounting or related field
• 15+ years’ experience in accounting, with a focus on alternative investments funds – private equity experience a plus
• 5+ years’ experience supervising two or more professional staff
• Directly responsible for hiring and termination decisions as well as providing continuous performance feedback to staff
• Hands-on management style with strong leadership skills and ability to develop staff
• Demonstrated project management skills with the ability to multi-task
• Excellent interpersonal and communication skills
• Proficiency in Microsoft Office suite, with advanced Excel skills
• Team player mentality with the ability to work independently

Qualifications

• Master’s degree preferred
• CPA designation a plus
• FIS Investran experience a plus

Skills

• Strong project management skills
• Hands-on leadership approach
• Exceptional client service delivery
• Ability to mentor and develop staff

Benefits

• Comprehensive total rewards package including medical, dental, and vision coverage; a 401(k) plan with company match; paid time off, holidays, and parental leave; and professional development reimbursement opportunity.
• Base salary range: $115,000 USD to $210,000 USD for New York location.
• Annual discretionary bonus and/or equity awards, such as restricted stock units or stock options, based on individual and business performance.

Pay

The expected base salary for the position is between $115,000 USD to $210,000 USD.

Schedule

Hybrid schedule available.