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Director - Private Equity Accounting in Charlotte, NC at AccruePartners

Date Posted: 2/17/2018

Job Snapshot

Job Description

Company Overview
•    Employees are the world's pre-eminent fund administrators and have over 35 years experience in the provision of administration and other services to their alternative asset clients, many of whom are leading names in the industry
•    Draws upon a global team of more than 3,000 experienced, knowledgeable and highly trained staff to ensure that each client is supported appropriately and service quality standards are not only met, but consistently exceeded. 
•    Have consistently been ranked "Best in Class" and "Top-Rated" across all locations in recognized industry surveys.

Location: Outside Philadelphia, PA

Position Purpose
•    The Account Manager must demonstrate leadership skills in coaching, motivating team members and dealing with client and counterparts in other groups
•    In addition, the Account Manager will review accounting work and reconciliation packages prepared by staff
•    This person will also review work to ensure reasonability of all matters affecting the NAV, classification of assets and liabilities, and capital transactions.

Main Job Functions/Responsibilities
•    Maintain and control the general ledger and various sub-ledgers
•    Prepare and review financial statements, footnotes, and partner capital statements
•    Prepare and review limited partner and general partner allocations
•    Prepare and review trial balances and work paper product
•    Review capital activity that pertains to the funds including capital calls, distributions, and transfers
•    Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations
•    Manage and monitor the timing and quality of client deliverables  
•    Interact with senior management and manage overall relationships for multiple clients
•    Provide technical accounting/industry knowledge to clients
•    Establish plan for new client setup and transitions
•    Coordinate with Operations group, Financial Statement group, Tax group, and Investor Relations group
•    Coordinate, manage, and monitor external audit process
•    Review private equity fund client’s partnership agreements, PPMs and other materials 
•    Implementation of fund structures

Education, Qualifications and Experience
•    4+ years experience in managing a team of Fund Accountants, Senior Fund Accountants and Supervisors
•    3-5 years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the accountant has gained financial products knowledge
•    Knowledge of US GAAP and other comprehensive basis of accounting
•    Experience in reviewing and preparing general ledgers and financial statements
•    Strong leadership skills and supervisory experience of other professionals