Fund Accounting Supervisor

Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Supervisor 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. 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.

Responsibilities

• Work closely with the Director/Managing Director managing daily Fund Operations
• Oversee the operations and accounting of an existing fund independently
• Interface and manage a client/business with limited guidance
• Extract key economics from LPA and other governing documents, compile, and document a thorough summary with limited guidance
• Supervise a small staff of accountants, if necessary
• 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 Director/Managing Director review
• Perform multiple levels of review/analyses of financial reports, capital events, and private equity complex transactions (varies by client and team)

Requirements

• Bachelor’s degree in Accounting, Economics, and/or Finance
• 4+ years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience
• 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

Preferred Qualifications

• CPA certification
• Sound knowledge of Investment Company Accounting (ASC 946), economics (waterfalls and allocations), fund structure (corporate, partnership, tax blockers, etc. within an organization chart), and investor classifications
• Sound knowledge of types of reporting for investment funds/investment companies and investors in US GAAP (ASC 946) and IFRS, including preparation and review
• Sufficient knowledge and hands-on experience with governing documents, such as LPAs, advisory agreements, side letters, and separate fee agreements
• Hands-on experience in accounting/audit of private equity funds (including blockers, parallel, SPV, AIV, co-investment vehicles), management companies, and other related vehicles

Pay

The salary range for this position is $90,000–$130,000, in addition to a discretionary bonus.

Schedule

Hybrid schedule: three (3) days a week in the office and two (2) days remotely.

Benefits

Comprehensive benefits package.

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 team 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