Fund Manager

About the Company

Ascend, backed by private equity from Alpine Investors, builds a dynamic platform for regional accounting firms. It offers growth capital, talent acquisition, training, technology, AI tools, shared back‑office services, and equity incentives to help firms grow.

Fund Accounting Manager at Lucas Horsfall oversees accounting, financial reporting, and operations for real estate and private equity funds. Responsibilities include managing U.S. GAAP and tax‑basis reporting, investor allocations, partnership compliance, and the full fund lifecycle in a hybrid environment from Encino or Pasadena.

• Manage day‑to‑day fund accounting operations, including general ledger activity, journal entries, and reconciliations.
• Oversee monthly and quarterly closings and NAV calculations.
• Review U.S. GAAP and tax‑basis financial statements for accuracy and consistency.
• Prepare and review capital calls, distributions, and investor allocations in accordance with LPAs.
• Maintain partner capital accounts and allocations of income, expenses, and carried interest/waterfalls.
• Coordinate accounting for investment activity such as acquisitions, dispositions, financing, and equity transactions.
• Manage entity structures, consolidations across funds, SPVs, and holding companies.
• Partner with external auditors and tax advisors for annual audits and tax reporting (e.g., K‑1 preparation).
• Maintain and enhance internal controls, policies, and procedures.
• Lead, mentor, and review work of fund accounting staff.

• Bachelor’s degree in Accounting or Finance.
• 5–10+ years of experience in real estate, private equity, or alternative investment fund accounting.
• Strong knowledge of partnership accounting, including capital accounts and allocations.
• Experience preparing or reviewing GAAP and tax‑basis financials.
• Familiarity with book‑to‑tax differences and ability to coordinate with tax teams.
• Experience with fund structures such as LPs, LLCs, SPVs, blocker entities.
• Demonstrated leadership and team‑management experience.

• Licensed and currently active CPA.
• Background in both real‑estate and private‑equity funds.
• Experience with complex waterfalls and carried interest structures.
• Experience with subsequent investor closes and catch‑up interest.
• Exposure to property‑level accounting or development projects.
• Experience working with third‑party sponsors of joint‑venture investments.

• Flexible PTO.
• Excellent voluntary insurance options.
• 401(k) matching.
• Discretionary bonus.
• Commitment to professional development.
• Meaningful work that makes a difference in clients' lives.

At Ascend, we provide a fair and equal employment opportunity for all candidates regardless of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity or expression, age, marital status, disability, or any other legally protected characteristic. Ascend hires and promotes individuals solely based on qualifications for the position to be filled and business needs.