Fund Accounting Manager

The Fund Accounting Manager oversees the daily operations of the fund accounting team and ensures timely, accurate financial reporting for a portfolio of funds (e.g., hedge funds, private equity, venture capital, or real estate). This role manages complex accounting processes, reviews NAV calculations, coordinates audits, and ensures compliance with industry, regulatory, and client standards.

Key Responsibilities

Fund Accounting & Financial Reporting

• Oversee preparation and review of Net Asset Value (NAV) calculations, investor allocations, performance fees, and waterfall calculations.
• Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements in accordance with GAAP/IFRS.
• Manage the recording and valuation of investments, including equities, fixed income, derivatives, private investments, and other alternative assets.
• Review supporting schedules including accruals, expense allocations, portfolio activity, and income distributions.
• Monitor and ensure proper application of fund governing documents (PPM, LPA, side letters, etc.).

Team Leadership & Workflow Management

• Lead, train, and mentor a team of fund accountants and senior fund accountants.
• Allocate work, set deadlines, and ensure operational efficiency and strong internal controls.
• Conduct performance reviews and implement development plans for team members.

Audit, Compliance & Controls

• Coordinate year-end audits with external auditors and manage audit timelines.
• Oversee regulatory filings (e.g., Form PF, CPO-PQR, AIFMD reporting) as applicable.
• Ensure compliance with internal policies, accounting standards, and client agreements.
• Strengthen process documentation and operational controls.

Investor, Client & Internal Stakeholder Management

• Serve as the primary point of contact for clients/investors regarding accounting matters.
• Provide insights on fund performance, NAV movements, and accounting treatments.
• Collaborate with operations, tax, compliance, and investor relations teams.
• Support new fund launches including system setup, chart of accounts, and workflow design.

System & Process Improvements

• Leverage fund accounting systems (e.g., Investran, Geneva, eFront, PCA, FIS, Yardi) to improve automation and reporting quality.
• Identify and implement process enhancements to reduce manual effort and error risk.

Qualifications

Education & Experience

• Bachelor’s degree in Accounting, Finance, or related discipline; CPA/CFA preferred.
• 5–8 years of experience in fund accounting (hedge fund, private equity, real estate, or asset management).
• Prior experience in a fund administrator or asset management firm strongly preferred.
• Experience managing a team of accountants.

Skills & Competencies

• Strong understanding of investment fund structures and accounting principles.
• Expertise in NAV methodologies, investment valuation, and performance calculations.
• Advanced proficiency with Excel; experience with fund accounting systems strongly valued.
• Excellent analytical, communication, and problem-solving skills.
• Ability to work in a fast-paced environment and manage competing priorities.