Fund Accounting Manager

Fund Accounting Manager

$115,000 - $130,000k

We are seeking an experienced Fund Accounting Manager with expertise in both Private Equity and Hedge Fund accounting to lead fund accounting operations and oversee a team responsible for servicing complex alternative investment structures. This role will manage the accounting, financial reporting, investor reporting, and operational activities for a portfolio of private equity, venture capital, hedge fund, and related investment vehicles.

The ideal candidate will possess a strong understanding of fund structures, capital activity, investment valuations, partnership accounting, and regulatory reporting. This individual will serve as a key liaison between investment managers, auditors, tax advisors, custodians, and investors while ensuring the accuracy and timeliness of all financial reporting deliverables.

• Manage the accounting and reporting for a portfolio of private equity, venture capital, hedge funds, fund-of-funds, and related investment structures.
• Oversee monthly, quarterly, and annual close processes, including review of journal entries, reconciliations, and supporting schedules.
• Prepare and review fund financial statements in accordance with U.S. GAAP and applicable reporting standards.
• Review net asset value (NAV) calculations and investor allocation schedules.
• Ensure accurate accounting for complex investment transactions, including:
  • Portfolio investments
  • Security trades
  • Derivatives and alternative investments
  • Realized and unrealized gains/losses
  • Management fees and carried interest
  • Incentive allocations and performance fees
• Monitor and review investment valuations in accordance with valuation policies and fair value guidance.

• Oversee accounting for capital calls, distributions, waterfalls, carried interest calculations, and investor allocations.
• Review investment acquisition and disposition accounting.
• Monitor partnership capital accounts and investor ownership percentages.
• Prepare and review schedules related to commitments, unfunded obligations, and portfolio activity.
• Support portfolio company reporting and consolidation requirements where applicable.

• Review daily, monthly, and quarterly NAV calculations.
• Oversee accounting for securities, swaps, options, futures, and other complex financial instruments.
• Monitor income allocations, expense accruals, and investor subscriptions/redemptions.
• Reconcile custodial, broker, and prime broker statements.
• Review performance fee and management fee calculations. Client & Stakeholder Management
  • Serve as the primary accounting contact for fund managers and investment advisors.
  • Coordinate with auditors, tax preparers, legal counsel, custodians, and third-party administrators.
  • Present financial results and operational updates to internal leadership and external stakeholders.
  • Support investor inquiries related to financial reporting and capital activity.
  Leadership & Team Management
  • Supervise, mentor, and develop fund accountants and senior fund accountants.
  • Review work prepared by team members and ensure adherence to quality standards.
  • Assist with staff training, workload management, and performance evaluations.
  • Drive continuous process improvements and automation initiatives.
  Compliance & Risk Management
  • Ensure compliance with partnership agreements, fund governing documents, and regulatory requirements.
  • Maintain strong internal controls and operational procedures.
  • Support annual audits, tax filings, regulatory reporting, and investor reporting obligations.
  • Stay current on accounting guidance and industry developments impacting alternative investments.