Staff Accountant

Founded in 2016, Pennington Partners is building a premier financial services holding company and solutions-oriented platform serving the world’s most successful entrepreneurs and their families.

Our culture is vibrant, smart, tireless, and iconoclastic. We are intellectually curious and challenge ourselves every day. We are an ensemble of exceptional professionals with multi-disciplinary backgrounds who value independent judgment, integrity, and fresh ideas. While the firm is gaining scale and institutional structure, we remain committed to our entrepreneurial culture, agility, and flexibility.

We are seeking a detail-oriented, analytical, and highly motivated Staff Accountant to join our finance team. In this role, you will be responsible for supporting the day-to-day accounting and reporting functions for a portfolio of investment entities, including private funds and special-purpose vehicles. This is an excellent opportunity for someone with a strong foundation in accounting who is looking to expand their experience in fund accounting and financial services.

• Coordinate onboarding for new employees, including completion of benefits enrollment and related paperwork, and enter employee data into the payroll system.
• Maintain and update employee payroll profiles for tax and deduction changes.
• Process regular payroll cycles and employee expense reimbursements.
• Track, manage, and update employee Paid Time Off balances.

• Set up and maintain accurate vendor records; process vendor invoices in a timely manner.
• Ensure all expenses are properly coded and allocated across departments and entities.
• Prepare and issue 1099 forms.
• Communicate with vendors to resolve billing discrepancies and inquiries.
• Perform ad hoc expense analyses to identify trends and variances across entities.

• Prepare and issue monthly client invoices and calculate fund billings.
• Process billing across various client portals
• Reconcile intercompany transactions and balances.
• Support general ledger activities, including journal entries and account reconciliations, in coordination with the Director of Finance.
• Assist with month-end and year-end closings.
• Support the preparation of tax returns and the distribution of K-1s.
• Assist with performance reporting for complex client portfolios.
• Assist with fund audits and coordinate with external auditors and tax preparers.
• Track capital calls, distributions, and management fees in accordance with fund agreements.
• Work closely with portfolio management and operations teams to ensure accuracy and timeliness of data.

• Bachelor’s degree in accounting or finance preferred.
• 1 year of relevant accounting experience preferred; fund accounting experience is a plus.
• Proficiency in Microsoft Office Suite, particularly Excel (pivot tables and VLOOKUP skills preferred).
• Familiarity with cloud-based accounting platforms;
  Quick Books experience is a plus.
• Strong written and verbal communication skills.
• Exceptional organizational and time-management abilities.
• High level of integrity, discretion, and professionalism.
• Self-motivated and capable of working independently.
• Strong analytical skills with an inquisitive mindset.
• Ability to manage multiple tasks and meet tight deadlines in a fast-paced environment.

We offer competitive and comprehensive benefits to help you prioritize your wellness and your career development. Working with a company that leverages our Core Values:
Developing One’s Greatest Potential, Thinking Big, Client Obsession, Tikkun Olam (Repair Our World).

• Salary - Competitive compensation (base salary + target bonus)
• Benefits - Robust benefits package with a choice of PPO Health Insurance Plans covering medical, dental, vision, disability, and group term life insurance. Optional HSA Plan, with a $650 employer contribution. 401K Plan with employer match, commuter parking benefit, cell phone reimbursement.
• Health & Wellness – $100/month stipend to use on the choice of fitness, meditation classes, meal kits, CSA, and more. Oura Ring welcome gift and…