"Our client is a Fund Services company that 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.
The Fund Services group 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. We recognize the importance of our staff through career development initiatives and extensive training programs to ensure staff are equipped to handle the complexities of alternative asset managers and investors.
Located in Jersey City, NJ, they have established themselves as the market leader in alternative asset administration. They offer a complete range of accounting, middle office, tax, investor relations, and corporate services.
The Senior Fund Accountant is responsible for providing all accounting functions and preparation of financial statements, partner allocation P&L flow, assure fund operation is within the guidelines of offering document, provide comments on offering documents, provide assistance and guidance on accounting standards and best practices. Our teams consist of highly skilled Chartered Accountants, MBAs, and CFAs who are trained to provide highly accurate, timely, and efficient services, ensuring 100% accuracy and providing world class customer service.
Main Job Functions/Responsibilities
Monthly Net Asset Value preparation, which includes:
– Cash and Portfolio Reconciliations
– Income and Expense Accruals
– Partner/Shareholder Allocation calculations
– Financial Statement preparation
Maintain the general ledger and various sub-ledgers Prepare and review trial balances and work paper product Manage and monitor the timing and quality of client deliverables Interact with senior management and clients Provide technical accounting/industry knowledge to clients Coordinate with Operations group, Tax group, Investor Relations group, Financial Statement group, and other groups.
Review private equity fund clients partnership agreements, PPMs, and other materials Implementation of fund structures on accounting system Interact daily with P&L team on valuations and price analysis Ad hoc reports as needed
Education, Qualifications and Experience
-3–5 years of fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained financial products knowledge
-Experience in reviewing and preparing general ledgers and financial statements
-Strong leadership skills and supervisory experience of other professionals
-Project management skills with attention to detail and proven ability to multi-task
-Bachelor’s degree in Accounting, Finance, or Economics
-Strong written and verbal communication skills
-Working knowledge of Excel and Word essential, experienced user of the SunGard Investran PE accounting platform highly desirable
-Technical Knowledge and Commercial Acumen
-Quality and Risk Management
-Drive for Results