Fund Accountant
LocationNew York, New York
Base Salary Range$90000-$140000-per Year
Contract TypeFull-Time
Job Reference41655
TitleFund Accountant
New York City Venture Capital firm seeks an Accountant to support their fund and management company.
Key Responsibilities:
Fund Accounting and Reporting
- General Ledger and Financial Statements: Work closely with the Firm's fund administrator to review general ledger, financial statements, and capital account statements on a quarterly basis.
- Review management fee calculations, expense allocations, and other entries to ensure they are in compliance with fund legal documents.
- Capital Call and Distributions: Manage the capital call and distribution process by working with the fund administrator to ensure timely and accurate capital calls and distributions.
- Investment Accounting: Work closely with internal Firm team to track investment activity, including capital contributions, distributions, and valuations.
- Audit and Tax Support: Prepare audit schedules and manage year-end audit with fund administrator. Provide support for tax preparation and deliverables.
Management Company
- Monthly Close and Financial Reporting: Work closely with Firm's outside bookkeeping service to ensure that all entries are properly recorded. Support the CFO in preparation of budget and leadership reports.
- Expense Management: Track and process management company expenses, ensuring proper classification and budget alignment. Where applicable, track billable expenses incurred and charge out to portfolio companies and/or funds.
- Oversee monthly employee expense reimbursement to ensure expenses are within policy and coded properly.
General Activities
- Cash Management: Oversee fund and management company cash flows, manage wire transfers, and ensure bank reconciliations are completed. Ensure all new wire instructions (investor and vendor) are verbally confirmed and documented prior to any disbursements.
- Documentation and Compliance: Maintain organized documentation for both fund and management company activities. Support the CFO as the Firm continues buildout processes and compliance.
Qualifications
- Bachelor's degree in Accounting or Finance
- 3-6 years of accounting experience, preferably in venture capital, private equity, or asset management, with exposure to both fund and management accounting
- Strong understanding of GAAP, partnership account, and familiarity with management company accounting practices.
- Strong attention to detail, accuracy, and the ability to meet deadlines in a fast-paced environment.
- Experience with Quickbooks, bill.com, and Concur are a plus.
Key Responsibilities:
Fund Accounting and Reporting
- General Ledger and Financial Statements: Work closely with the Firm's fund administrator to review general ledger, financial statements, and capital account statements on a quarterly basis.
- Review management fee calculations, expense allocations, and other entries to ensure they are in compliance with fund legal documents.
- Capital Call and Distributions: Manage the capital call and distribution process by working with the fund administrator to ensure timely and accurate capital calls and distributions.
- Investment Accounting: Work closely with internal Firm team to track investment activity, including capital contributions, distributions, and valuations.
- Audit and Tax Support: Prepare audit schedules and manage year-end audit with fund administrator. Provide support for tax preparation and deliverables.
Management Company
- Monthly Close and Financial Reporting: Work closely with Firm's outside bookkeeping service to ensure that all entries are properly recorded. Support the CFO in preparation of budget and leadership reports.
- Expense Management: Track and process management company expenses, ensuring proper classification and budget alignment. Where applicable, track billable expenses incurred and charge out to portfolio companies and/or funds.
- Oversee monthly employee expense reimbursement to ensure expenses are within policy and coded properly.
General Activities
- Cash Management: Oversee fund and management company cash flows, manage wire transfers, and ensure bank reconciliations are completed. Ensure all new wire instructions (investor and vendor) are verbally confirmed and documented prior to any disbursements.
- Documentation and Compliance: Maintain organized documentation for both fund and management company activities. Support the CFO as the Firm continues buildout processes and compliance.
Qualifications
- Bachelor's degree in Accounting or Finance
- 3-6 years of accounting experience, preferably in venture capital, private equity, or asset management, with exposure to both fund and management accounting
- Strong understanding of GAAP, partnership account, and familiarity with management company accounting practices.
- Strong attention to detail, accuracy, and the ability to meet deadlines in a fast-paced environment.
- Experience with Quickbooks, bill.com, and Concur are a plus.