Managing Director

Fund Accounting Managing Director – New York

Who is Gen II?

Gen II is a leading fund administration provider focused entirely on serving private capital asset managers and investors with a best-in-class combination of people, process, and technology. Gen II has more than $1 trillion in private fund capital assets under administration.

With offices in the US and Europe, we’re looking for do-ers, problem-solvers, and entrepreneurs like you who want to make an impact in our industry, grow with us, and create a community where everyone thrives.

Careers mean more at Gen II – more opportunity, more innovation, and more ideas! You’ll have the opportunity to grow in ways that are meaningful to you and work alongside some of the best people in their field. You’ll also receive training which will advance your skill set, both technically and personally allowing you to achieve your career aspirations with us. Be part of our community that recognizes achievements, promotes from within, and receive meaningful benefits which focus on your physical, mental and financial well-being.

www.gen2fund.com 

What’s the role?

Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund Accounting Managing Director to join our growing team. At Gen II, you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor teams supporting top-tier sponsors while driving process improvements, expanding your expertise, and contributing to the continued success of one of the industry's most respected platforms.

Your leadership will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.

What you’ll be doing

• Lead, direct, train and coach team of Directors and/or Associate Directors
• Client Relationship Management
• Oversee multiple sponsors
• Review work product to ensure quality of client deliverables
• Manage your team to improve efficiency and ensure timeliness of all client deliverables
• Read Limited Partnership Agreements and summarize sections relevant to accounting, comment/ summarize items that need to be addressed with client or client’s legal team
• Maintain working relationship with all client contacts, auditors, lawyers and banking personnel
• Participate in prospect (new business) meetings
• Mentor, train and develop team members to support internal team growth
• Participate in firm-wide trainings
• Ensure that billing is done in accordance with service agreements and out of scope projects are identified and properly billed

The ideal background for this role:

• 12 years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the candidate has gained PE financial products knowledge
• 7 years of supervisory, client management and project management experience
• Bachelor’s degree in Accounting, Finance, or Economics 
• Hands-on experience in preparing subsequent closings, waterfalls, setting up deferred and current tax calculations, setting up consolidations and setting up financial statements with footnotes
• Very comfortable in understanding and navigating through Partnership Agreements, legal documents and Investment Agreements
• Advanced knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in US GAAP and IFRS
• Ability to learn on-the-job quickly, apply learning to clients and recommend solutions to issues
• Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
• Excellent verbal, written and interpersonal communication skills
• Strong attention to detail and accuracy
• Superior problem solving, judgement and decision-making skills
• Ability to think independently, prioritize, multi-task and meet deadlines
• Extensive Microsoft suite skills - Excel (pivots), Word, PowerPoint and Outlook
• Strong leadership skills and management skills

The salary range for this position is $180,000-$250,000, in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.

Work Arrangement

All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule, comprised of three (3) days a week in our New York office and two (2) days remotely.