Fund Accounting Director
Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund Accounting Director to join our growing team. Gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit, and more.
About the role
Lead and mentor teams supporting top-tier sponsors while driving process improvements, expanding your expertise, and contributing to the continued success of one of the industry's most respected platforms. Your leadership will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.
Responsibilities
- Direct the day-to-day accounting and fund administration for multiple investment sponsors
- Extensive hands-on involvement in preparing and reviewing workpapers, investments, accruals, financial statements with footnotes, and investor allocations
- Heavy client interaction daily, including frequent communication with clients at the executive level
- Maintain working relationships with all client contacts, auditors, lawyers, and banking personnel
- Lead, direct, and coach a team of Staff Accountants at several levels
- Oversee and provide guidance on the initial setup of client fund deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and sign-off prior to Managing Director review
- Manage special projects as required
Requirements
- 7+ years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the candidate has gained financial products knowledge
- 5+ years of supervisory experience
- Bachelor’s degree in Accounting, Economics, and/or Finance
- Advanced Mezzanine/Credit/Loan Origination investment experience preferred
- Comfortable with PIK/OID calculations
- Advanced experience in preparing capital calls and distributions, including complicated waterfall models
- Very comfortable understanding and navigating Partnership Agreements, legal documents, and Investment Agreements
- Advanced knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in US GAAP
Skills
- Strong written and verbal communication skills
- Ability to learn on-the-job quickly, apply learning to clients, and recommend solutions to issues
- Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
- Excellent verbal, written, and interpersonal communication skills
- Strong attention to detail and accuracy
- Superior problem-solving, judgment, and decision-making skills
- Ability to think independently, prioritize, multi-task, and meet deadlines
- Extensive Microsoft suite skills—Excel (pivots), Word, PowerPoint, and Outlook
- Strong leadership and management skills
Pay
The salary range for this position is $135,000–$190,000, in addition to a discretionary bonus.
Benefits
Comprehensive benefits package.
Schedule
All US employees are required to work a hybrid schedule, comprised of three (3) days a week in the office and two (2) days remotely.
About the company
Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $1 trillion of private capital on behalf of its clients with 14 offices across the US, Canada, and Europe. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to effectively manage their operational infrastructure, financial reporting, and investor communications.
The Gen II team is the most experienced and longest tenured in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.
- Administering over $1T in assets
- Servicing nearly every significant investor in the asset class
- Institutional-grade infrastructure and SSAE 18 (SOC-1, Type 2) certification, ensuring confidence in our processes and operating model
- The most experienced and best-performing team in the industry