Fund Administration Senior Associate

About the role

FSG is the solution for operational excellence being sought by private fund managers who wish to focus solely on raising capital and identifying investment opportunities. We support the entire life-cycle of our clients’ private funds and management company, managing the execution of investments, the experience of their investors, and the compliance, finance and human resource solutions needed to satisfy all regulatory requirements. Our team is asked to serve our clients with consistent excellence and accountability, while being allowed to live their definition of success.

We focus on bringing new team members on board who share our passion for providing excellence in our service, while never wavering from our Principles of integrity, effort, communication and protecting time with our families.

Responsibilities

• Record accounting entries based on both cash and accrual activity, ensuring accuracy and compliance
• Monitor investment activity and performance, including preparing roll-forwards
• Reconcile cash activity and investigate and resolve discrepancies
• Prepare and critically assess management fee calculations, allocation schedules, and carried interest models
• Compile financial statements, annual reports, partner notices, and tax schedules
• Coordinate and liaise with internal team members and third parties, including audit and tax partners, serving as a reviewer of their deliverables
• Support the onboarding and training of new team members, providing guidance and oversight to maintain standards of excellence

Requirements

• 3–7 years of experience in private equity, hedge fund, and/or private fund accounting
• Developed understanding of GAAP and foundational knowledge of private fund specific tax concepts
• Knowledge of key concepts such as fee calculations, capital activities, and operational best practices
• Team player with an enthusiastic work ethic
• Ability to learn all taught concepts quickly, comprehensively, and enthusiastically
• Exceptional organizational and written communication skills
• Exacting attention to detail
• Exemplary prioritization and multi-tasking in a fast-paced environment
• Proficiency in Microsoft Office Suite
• Experience with fund administration software a plus but not a requirement

Benefits

• Comprehensive benefits

Pay

• Base salary: $90,000 to $115,000 annually, commensurate with experience and success
• Quarterly bonus: 1/3rd of profits shared with the team each quarter with unlimited potential growth

Schedule

Primarily a remote work company; some training may be delivered in-person at client sites or local coworking locations. Clients may occasionally request on-site support. Expectations regarding in-person training or support time will be outlined during the interview process.