What are the responsibilities and job description for the Fund Accountant - Family Office position at Dagen?
Fund Accountant – Family Office
A single-family office based in Austin, Texas, is seeking a Fund Accountant with approximately 3 to 5 years of experience in private equity, venture capital, fund of funds, or family office accounting. This role will own the day-to-day accounting, reporting, and operational functions for the family office's investment entities, working closely with the CFO and investment team.
Responsibilities:
- Maintain general ledger for multiple entities, including partnerships, trusts, and holding companies.
- Prepare and coordinate the execution of cash movements for capital calls and distributions, performing first-level review before CFO approval.
- Maintain accurate accounting records of capital calls, distributions, management fees, carried interest, and other fund transactions, including journal entries and reconciliations.
- Track and reconcile partner capital accounts, allocations, and commitments.
- Assist in the preparation of quarterly reporting, including supporting portfolio valuation processes.
- Prepare workpapers for tax advisors and ensure timely filing of corporate, partnership, private foundation, and trust tax returns.
- Coordinate and support annual compliance requirements, including preparation and filing of 1099s, 401(k) plan audits and tax return filing, and other recurring corporate reporting and regulatory obligations.
- Manage personal financial reporting for the family, including bookkeeping for personal accounts, tracking tax basis in real estate and other assets (e.g., art, collectibles), and supporting estate planning and related recordkeeping.
- Maintain financial records for the family's private foundation, including grants, disbursements, and investment activity.
- Assist in establishing and enhancing financial controls, including approval workflows, reconciliations, and documentation, to strengthen the family office's financial infrastructure.
- Assist with the design and implementation of scalable accounting and reporting systems to prepare the office for future growth. Identify opportunities to automate reporting and streamline workflows.
- Support ad hoc projects and strategic initiatives with a collaborative, solution-oriented mindset, contributing across functions to advance firm goals in a lean organization.
Qualifications:
- Bachelor's degree in Accounting, Finance, or related field
- CPA required
- 3-5 years of accounting experience in private equity, venture capital, hedge funds, or a family office; or equivalent experience in public accounting serving clients in these industries
- Strong understanding of fund structures, partnership accounting, and investment reporting
- Exposure to private equity transactions (acquisitions, refinances, dispositions)
- Proficiency with accounting software (e.g., QuickBooks, or similar) and advanced Excel skills