Manager of Private Equity and  Alternative Investment Fund Accounting - Family Office

“It’s not always how much you make, sometimes it’s about how long you make it.”

If: 

1. the latter is more important to you than the former, 

2. working in an intense environment with the best,

3. making a difference, CREATING a state-of-the art alternatives accounting function and oversight of the fund administrator you can call your own,

4. culture fit is key – so you will work with people that share the same team orientation and “do the right thing” approach as you, 

5. having a high work/life balance (9am to 6pm, remote 2 days, in office 2 core days and one day of your choice), 4 weeks of vacation that you can actually take, making a difference in a team environment

then this position is one of the few that meets these criteria.  

The Yin is the above.  The Yang is that the base and total compensation are $170k to $200k.

This position reports to the Chief Operating Officer, who we placed.  The CCO report to the President of the fund.

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Our Client, a > $50b family office in the Virginia/DC area, is seeking a skilled, highly motivated and entrepreneurial individual to join as a Manager of Private Equity and Alternative Investment Fund Accounting. The ideal teammate will have demonstrated strong communication, planning and organizational as well as technical skills related to private equity and alternative investment fund accounting processes and services.  Paid relocation.  Base and total compensation of $170k to $200k+.  Work in the office on Tuesdays, Thursdays and one other day per week and remotely the other days.

Our Client is Commitment to Diversity, Equity, Inclusion and Belonging.

The Position

You will lead the private equity and alternative investment fund accounting activities across a number of internal funds across multiple asset classes serving foundations and family clients.

Responsibilities 

• Manage relationships with fund administrators and custodians related to fund accounting

• Oversee the monthly and quarterly NAV and financial statement process for assigned funds, including:

  • • Complex private portfolio company transactions and application of manager-provided prices

    • Coordinate investor subscriptions, redemptions, capital calls and allocations in the capital statements.

    • Differing management fee arrangements

    • Waterfall and carried interest calculations

    • Gross and net IRR calculations

    • Preparation of fund budgets and approval of fund expenses

• Oversee shadow accounting of Administrator’s records

• Help to enhance and expand the internal accounting and operations policies and procedures to ensure best practices are always being followed

• Assist operations group on account openings or complex accounting and operational issues

• Contribute industry and operational knowledge to projects related to new products or fund launches and coordinate with legal, investments, operations, trading, compliance groups and any external parties

• Coordinate year-end data gathering, K-1 collections and provide support to tax department for compliance and tax return preparation and oversee audit process

• Collaborate with other departments to prepare financial package presentations and build customized reports

• Work with legal team to develop and implement compliance procedures and regulatory reporting including 13F reports

• Analyze and prepare recommendations to management on process improvement

• Perform other duties as required and necessary to accomplish goals and objectives

Qualifications

• BS (or above) in Accounting or Finance

• 5-10 years of private equity, hedge fund, alternatives, fixed income and equity fund, audit, public accounting or administrator experience

• CPA, and/or CFA preferred

• Experience with Family Office, RIA, private investments, hedge fund and / or fund of hedge fund investing

• Knowledge of partnership accounting, closed-end fund structures (closes, capital calls, distributions), private investments fee structures (management fees, carried interest, claw-back), and private portfolio company investment transactions

• Experience in multi- asset classes is strongly favored

• Accounting systems experience strongly preferred

• Knowledge of US GAAP with an emphasis on private funds and partnerships 

• Knowledge of tax-related topics with partnerships

• Strong Excel skills

• Ability to multi-task and lead several projects simultaneously in a fast-paced environment with competing priorities

• Excellent analytical and communication skills

• A collaborative team player, always willing to assist colleagues

• Operate with a high level of discretion, and ability to handle proprietary information

Personal attributes that support your success

• Ability to act as a trusted advisor to principals and colleagues while demonstrating expertise and integrity

• You are helpful, a team player, and show respect while collaborating with others

• You are results oriented and exercise sound judgment in your work

• A lifelong learner, who is inquisitive and solves problems with bold thinking and innovation

• A visionary who plans for the future with imagination and wisdom

• You are dedicated to achieving excellence and work with others to tackle the tasks at hand