Fund Accounting Manager

Our client, an investment management firm, is looking for a Fund Accounting Manager to predominantly support its fund operations team in managing the company’s Investment Entities across several jurisdictions.

Our client, an investment management firm, is looking for a Fund Accounting Manager to predominantly support its fund operations team in managing the company’s Investment Entities across several jurisdictions.

The Fund Accounting Manager role requires the candidate to perform the following tasks and responsibilities:

Operations

• Interface with funds/direct investment management teams on matters such as capital flow/capital call/distribution issues, etc

• Interface with key critical service providers such as banks, auditors, administrators, etc

• Updating internal drawdown and distribution schedules.

• Preparing drawdown and distribution notices for internal entities such as the carried interest partners.

• Compiling invoices and preparing wire instructions for monthly payment runs and facilitating this process with the administrators.

• Collecting supplier invoices, checking for validity and accuracy, facilitating approval by relevant party and loading payments in internet banking.

• Preparing monthly cash activity summaries, including collecting related supporting documentation, including invoices and receipts.

• Posting of customer and supplier invoices, bank transactions and other recurring accruals/amortizations across multiple entities into the accounting software.

• Preparing monthly schedules and reconciliations, including bank reconciliations, accruals and amortization schedules, fixed asset register, etc.

• Reconciling of investment activity on a quarterly basis.

• Preparing NAV estimates in accordance with LP side letter agreements.

• Performing inter-company billings.

• Coordinating setups of investment holding companies and SPVs, as needed.

• Assist the investment team with setting up of investment committee and board meetings relating to investment acquisitions, dispositions, general monitoring, or quarterly updates.

• Collate and prepare necessary information for annual budgets with reference to Fund information required at Manager level as well as information for Fund budgets.

Valuations

• Liaising with investee fund managers as well as internal investment team on quarterly valuations of investment portfolios.

• Updating valuations of assets on the internal accounting system and calculating NAV.

Audits

• Working closely with independent fund administrator(s)/agents to prepare fund financial statements.

• Liaising with independent auditors as relates to the annual audits of the funds under management. This includes audits of HoldCo and SPV structures as well.

Reporting

• In charge of reporting working closely with the investment team and the administrator to ensure accurate and timely reporting to not only limited partners but management, i.e. quarterly and annual reporting.

• Updating the investor portal with reporting docs/materials.

 Tax Filings

• Work closely with tax consultants to prepare information required by US LPs for their annual tax filings, e.g., Schedule K-1s, etc.

• Assist in the preparation of all US tax compliance and filings.

• Be involved in and assist in all statutory, regulatory, tax filings.

• Assist in the preparation of all other filings for all other entities. 

QUALIFICATIONS, EXPERIENCE & SKILLS

• Bachelor’s degree in accounting, Finance, or related field.

• Minimum 7-10 years of accounting experience, with at least 4 years in a senior role.

• Advanced knowledge of Excel and PowerPoint.

• Strong system knowledge including familiarity with Xero, preferred.

• Excellent analytical, organizational, and problem-solving skills.

• Strong attention to detail and accuracy.

• Ability to work independently and as part of a team.

• Excellent communication and interpersonal skills, capable of effectively interacting with a diverse team.

• Comfortable working in a flat organizational environment.

• Ability to prioritize multiple requests for information, while ensuring integrity, accuracy, completeness, and timeliness of data.

• Some experience within the financial services industry, preferably in investment fund operations, fund accounting.