What are the responsibilities and job description for the Senior Manager – Private Equity Accounting position at Cyperus Group LLC?
Senior Manager – Private Equity Accounting
Location: New York Metro Area | Hybrid
A global financial services firm is seeking a Senior Manager to join its Private Markets Accounting group, supporting both private equity and private credit strategies. This individual will play a key leadership role overseeing fund accounting operations, managing teams, and partnering closely with internal stakeholders across multiple alternative asset classes.
About the Role
Senior Managers within the Private Markets Accounting team lead fund accounting functions, oversee complex reporting deliverables, and support strategic initiatives across private equity and private credit platforms. This role offers meaningful leadership responsibility, cross-functional exposure, and long-term growth potential.
Key Responsibilities
- Lead and manage accounting teams supporting private equity and private credit funds, ensuring timely and accurate reporting
- Oversee preparation and review of quarterly and annual financial statements, investor reports, and management reporting packages
- Manage general ledger activity, NAV calculations, and portfolio performance reporting for private funds and SPVs
- Ensure accurate accounting for capital calls, distributions, management fees, incentive allocations, and fund expenses
- Oversee accounting for private credit instruments, including senior secured loans, unitranche, mezzanine, subordinated debt, and structured credit investments
- Review and approve investor communications including capital call and distribution notices
- Partner with valuation teams to ensure appropriate methodologies for illiquid equity and credit investments
- Provide technical accounting guidance on complex transactions and fund structures
- Manage relationships with external auditors and fund administrators
- Support fundraising efforts and investor due diligence requests
- Drive process improvements, automation initiatives, and system enhancements
- Act as a key accounting partner to investment and internal management teams
Qualifications
- Bachelor’s degree in Accounting or a related field
- 7–10 years of progressive experience in private equity and/or private credit fund accounting, audit, or financial reporting
- Strong working knowledge of private credit strategies, loan accounting, and credit fund structures
- Proven experience managing, mentoring, and developing accounting teams
- Experience with complex waterfalls, incentive allocations, and carried interest structures
- Proficiency with fund accounting systems such as Investran, Allvue, eFront, or Geneva
- Advanced Excel skills
- CPA or Master’s degree preferred
- Excellent communication, organizational, and stakeholder management skills
- Experience with multi-entity, multi-currency, or cross-border fund structures is a plus
Salary : $160,000 - $180,000