Senior Associate, Fund Accounting

Location
:
New York, NY (on-site 5 days/week)

Reports to
:
Vice President

Position Summary
:
The Fund Accounting Senior Associate will be responsible for daily fund operations and overseeing the accounting and financial reporting prepared by external fund administrators for a group of private equity funds, funds of hedge funds, or hybrid funds (“Private Funds”). These roles will also be responsible for analyzing financial data, performing various reconciliations and preparing support for the fund’s business activities.

• Perform reviews over NAVs prepared by external fund administrators and verify investment positions and accuracy of transactions for a portfolio of complex private equity funds; detailed review of expenses charged to funds, including overseeing Fund accounts payable and approving payments for processing.
• Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements to ensure proper application of fund terms.
• Assist with review and validation of management fees and waterfall calculations to ensure their accuracy and compliance with fund governing documents.
• Process transactions into shadow accounting system (eFront).
• Monitoring of investment transactions, preparation of portfolio track record and analysis.
• Review ILPA compliant capital call and distribution notices, investor capital statements, and quarterly reports to investors.
• Perform review of financial statements and footnotes, ensuring consistency with relevant reporting framework.
• Ad-hoc reporting and deliverables.

• 3-6 years of fund accounting experience/audit experience in Private Equity and Hedge firm.
• BS/MS degree in Accounting or Finance.
• Strong technical and analytical skills and detailed oriented skills.
• Ability to work well in team environment.
• Knowledge of private equity/hedge fund industry required.
• CPA/CA preferred.
• Wafra is committed to the wellbeing of all employees and the hired candidate will be offered our comprehensive benefits package, including but not limited to retirement benefits, health insurance, life insurance, paid holidays and time off and various wellness benefits.
• The anticipated base salary for this role is $120,000 - $145,000 + bonus eligibility. The compensation range for this role is specific to New York City and actual base salary will be determined by several components including but not limited to an individual’s experience, skill set and qualifications.