Fund Accounting Analyst, Fund Solutions

Firm Overview

Cambridge Associates (“CA”) is a leading global investment firm. CA’s goal is to help endowments & foundations, pension plans, and ultra‑high net worth private clients implement and manage custom investment portfolios that generate out performance so they can maximize their impact on the world. Cambridge Associates delivers a range of services, including outsourced CIO, non‑discretionary portfolio management, and investment consulting. Headquartered in Boston, Massachusetts, CA has offices in key markets in North America, the United Kingdom, Europe, Asia, and Oceania.

Our worldwide teams ensure our clients benefit from decades of global presence, local expertise, and relationships with the top global investment managers across the world.

We are seeking a diligent Fund Accounting Analyst to join our team. This role involves overseeing the accounting, administration, and reporting of Single Investor Funds (SIFs), Single Manager Funds (SMFs), and other commingled fund vehicles. The successful candidate will collaborate with internal teams and external service providers, such as fund administrators, custodians, and auditors, to ensure accurate and efficient fund operations.

The ideal candidate will demonstrate a high level of adaptability and an eagerness for continuous learning, as the landscape of fund administration and accounting is constantly evolving.

• Review and reconcile Net Asset Value (NAV), portfolio positions, private investment capital call and distribution activity, fund expense accruals, and cash balances.
• Review and analyze complex fund allocation methodologies and fee arrangements, including carried interest, management fees, and waterfall calculations, ensuring accuracy, compliance with fund governing documents, and proper accounting treatment.
• Identify and rectify discrepancies in NAV accounting reports provided by third‑party fund administrators.
• Oversee and review the processing of client capital transactions, including capital calls, distributions, and transfers, ensuring accuracy and compliance with fund agreements.
• Prepare and validate capital call and distribution notices, coordinating with fund administrators and investor relations teams to ensure timely and accurate communication to clients.
• Review legal documents such as Limited Partnership Agreements (LPAs) and Private Placement Memorandums (PPMs) to ensure compliance and accurate fund representation.
• Coordinate and support annual financial statement audits, acting as a key liaison between auditors, fund administrators, and internal teams.
• Prepare audit schedules, reconciliations, and supporting documentation for auditors.
• Review draft financial statements for accuracy, completeness, and compliance with applicable accounting standards (e.g., US GAAP, IFRS).
• Address auditor queries and facilitate timely resolution of audit issues.
• Assist in the implementation of new accounting standards and policies as required.
• Serve as a primary point of contact for addressing inquiries related to fund accounting, NAV calculations, financial statements, and fee arrangements.
• Actively liaise between fund administrators and clients, ensuring clear communication and prompt resolution of issues.
• Exhibit strong verbal and written communication skills to effectively collaborate with legal, compliance, audit, tax, operations, and client service teams.
• Provide exceptional customer service, addressing client inquiries and concerns promptly and professionally.
• Monitor the performance of fund administrators and other vendors, ensuring adherence to service level agreements.
• Foster a culture of continuous improvement, proactively seeking opportunities to enhance processes, procedures, and overall department performance.

• Undergraduate degree or relevant professional experience; preferably in accounting, finance, or audit.
• 3–7 years of work experience in fund administration or fund accounting for private investment fund‑of‑funds, hedge, and/or private equity funds.
• Strong interpersonal, organizational, communication skills and attention to detail.
• Ability to work in a rapidly growing, fast‑paced…