Private Equity Accountants, Senior Accountants & Client Managers - Remote role, in a 25 employee spin-off private equity services firm growing at > 80% in CT & Central NY in PE accounting & client mgt. 2-10 yrs’ exp in PE. Make whole bonus for ‘23 forgone bonus possible. Total comp to 150k
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Client Manager
RESPONSIBILITIES
Understand Client SOPs, Fund Structures and Operating Agreements and meet all assigned deadlines
Communicate priorities and coordinate team workload/tasks; Cap Calls, Distributions, Allocations, Valuations, Cash Monitoring, Management Fees and Financial Reporting – Quarterly/Annual/ad hoc
Communicate Team workload & potential obstacles to the Client Director ("CD")
Coach Team Members on executing assigned tasks
Operations
Prepare & Review quarterly reporting for submission to CD
Prepare Quarterly letters for submission to CD
Proactively identify any issues and recommend solutions to the CD, Coordinate agreed upon actions with Team
Monitor compliance with external document control policy
REQUIREMENTS
Bachelor's Degree in Accounting or equivalent with studying toward CPA or MBA preferred; 5+ years' experience usually equips you with below capabilities
Technical Expertise
Preparation of financial reporting
Journal entries thru Financial Statements
Basic Recognition of the translation from LPA to 4Pines Process
Exposure to, and awareness of, fund closing mechanics
Basic understanding of Mgmt Fee Calculation
People Skills
Internal – Positive Team Interaction
External – Show Competence in Client and Constituent Interactions
Analytical ability – recognize, identify and communicate potential incongruities
Senior Private Equity Fund Accountant
RESPONSIBILITIES
Daily
Review Cash / journal entries and Investment and Investor Confirmations
Provide support for LP Requests (Client specific SOP as set by Client Director ("CD")
Update Contact Information for Existing LPs; Review Distribution template; Prepare LP calls and distributions
Quarterly
Prepare/Review JE’s, F/S, Capital RFs and CABs
Send out quarterly reports and notices to LPs
Prepare management fee calculation payment
Annually
Rolling audit files
Financial Highlights, Footnotes, Cost Basis, Audit confirmations / templates
Assist CM/CD with open items list / auditor communications
K1s
Aggregating underlying investment K1s, Provide to tax accountants, Facilitate LP tax estimate requests, Send final K1s to LPs
Ad Hoc / Special Projects
Assist CD and CMs with New Closes
Assist with onboarding process for new funds
Organization / Communications
Raise issues with workload and prioritization with Client Manager ("CM")/CDs
Communicate with CM and/or CD status of Reports and projects
Work with CM and or CD on special requests from clients – reach out to Fund accountants for help
Assist with the development of policies and procedures CMS
Sign off on quarterly sign off sheet
REQUIREMENTS
Bachelor's Degree in Accounting or equivalent; 3+ years' experience usually equips you with below capabilities
Technical Expertise
Understanding of Roll-forward, Journal Entries, Different types of investments (i.e., Equity, Debt, Co-Investment, FoF
Demonstrate basic multitasking ability
Demonstrate advanced excel skills
People Skills
Internal – Positive Team Interaction
External – Demonstrate ability to communicate professionally
Analytical ability
Demonstrate attention to detail
Demonstrate critical thinking, Ability to identify non-conforming information and Raise issues to the appropriate level
Private Equity Fund Accountant
RESPONSIBILITIES
Daily / Weekly
Daily cash activity
Check for notices on assigned funds; Reach out to GPs on discrepancies, missing information (obtain approval from team members as needed)
Alert CD and CM’s of any major cash flow items
LPS calls – reconcile, reach out to client or CD for missing payments Prepare LP distribution wires for approval from Fund head and Client Complete, track and respond to confirms
Prepare Cash / journal entries; Prepare Investment and Investor Confirmations Populate Distribution template
Gather support for LP Requests (Client specific SOP as set by CD) Update Contact Information for Existing LPs; Assist Senior Accountant with LP calls and distributions
Quarterly
Cash Rec’s Prepare JE’s; Assist Sr. Fund Acct with preparation F/S, Capital RFs and CABs, Quarterly Letter
Annually
Assist Sr. Fund Acct with Rolling audit files, Financial Highlights, Footnotes, Cost Basis and Audit confirmations / templates
Assist Sr. Fund Acct with open items list / auditor communications
K1s & Other Tax Forms; Aggregating underlying investment K1s and Provide to tax accountants
Ad Hoc / Special Projects
Assist with onboarding process for new funds; Input client information into system; Compliance Requests (i.e., FATCA, Form PF, AUM, Form ADV)
Organization / Communications
Arrange coverage for daily cash responsibilities with another Fund Accountant in case of vacations or long absences
Communicate with Sr. Fund Acct status of Reports and projects; Work with Sr. team members on special requests from clients
Assist with the development of policies and procedures CMS; Assist with training/mentoring of junior staff
REQUIREMENTS
Bachelor's Degree in Accounting or equivalent; 1 - 3 years' experience usually equips you with below capabilities
Technical Expertise
Quarterly Journal Entries
Understand Unrealized Gain/Loss Schedule
Understanding Valuation Changes; Reconcile investment capital account, Unfunded commitments, Cash Flow
Demonstrate basic multitasking ability
Demonstrate advanced excel skills
People Skills
Internal – Positive Team Interaction
External – Demonstrate ability to communicate professionally
Analytical ability
Demonstrate attention to detail