Fund Accounting Analyst, Fund Solutions

Responsibilities

• Review and reconcile Net Asset Value (NAV), portfolio positions, private investment capital call and distribution activity, fund expense accruals, and cash balances.
• Review and analyze complex fund allocation methodologies and fee arrangements, including carried interest, management fees, and waterfall calculations, ensuring accuracy, compliance with fund governing documents, and proper accounting treatment.
• Identify and rectify discrepancies in NAV accounting reports provided by third-party fund administrators.
• Oversee and review the processing of client capital transactions, including capital calls, distributions, and transfers, ensuring accuracy and compliance with fund agreements.
• Prepare and validate capital call and distribution notices, coordinating with fund administrators and investor relations teams to ensure timely and accurate communication to clients.
• Review legal documents such as Limited Partnership Agreements (LPAs) and Private Placement Memorandums (PPMs) to ensure compliance and accurate fund representation.
• Cook up and support annual financial statement audits, acting as a key liaison between auditors, fund administrators, and internal teams.
• Prepare audit schedules, reconciliations, and supporting documentation for auditors.
• Review draft financial statements for accuracy, completeness, and compliance with applicable accounting standards (e.g., US GAAP, IFRS).
• Address auditor queries and facilitate timely resolution of audit issues.
• Serve as a primary point of contact for addressing inquiries related to fund accounting, NAV calculations, financial statements, and fee arrangements.
• Actively liaise between fund administrators and clients, ensuring clear communication and prompt resolution of issues.
• Exhibit strong verbal and written communication skills to effectively collaborate with legal, compliance, audit, tax, operations, and client service teams.
• Provide exceptional customer service, addressing client inquiries and concerns promptly and professionally.
• Monitor the performance of fund administrators and other vendors, ensuring adherence to service level agreements.
• Foster a culture of continuous improvement, proactively seeking opportunities to enhance processes, procedures, and overall department performance.

Qualifications

• Undergraduate degree or relevant professional experience; preferably in accounting, finance, or audit.
• 3 – 7 years’ work experience in fund administration or fund accounting for private investment fund of funds, hedge and/or private equity funds.
• A team-oriented ambitious individual with strong interpersonal, organizational, communication skills and attention to detail.
• Ability to work in a rapidly growing fast-paced environment and manage multiple competing priorities within deadlines.
• Experience in fee calculations for hedge funds and private equity funds, including carried interest (carry) and waterfall structures, is highly valued.
• Excellent MS Excel and Word skills are required; expertise in Visual Basic for Applications (VBA) programming is a significant plus.
• Demonstrated interest in automation and process improvement, with the ability to identify opportunities to streamline recurring fund accounting workflows.
• Comfort working with emerging technologies, including AI-enabled tools, to improve accuracy, efficiency, and reporting quality.
• Strong data mindset, with attention to controls, and data quality.