What are the responsibilities and job description for the Fund Accounting Manager - Private Equity position at Hemans.?
Our client is a titan of the fund administration world, a firm that has built its reputation over decades by delivering best-in-class services to some of the most sophisticated investment managers on the planet. With a truly global footprint and an unmatched depth of expertise across alternative asset classes, this is a rare opportunity to plant your flag at an industry leader that continues to set the standard.
You'll be part of a flagship Fund Accounting team that services some of the most prestigious PE firms in the world
Manager - Fund Accounting - Private Equity - Dallas, TX- Hybrid - 3 days in office week
Your Role:
- Mentor, develop, and build the capabilities of team members at various levels
- Oversee and manage multiple client relationships simultaneously
- Maintain oversight of general ledger integrity and associated sub-ledger activity
- Produce and review financial reporting packages, including statements, disclosures, and partner capital summaries
- Calculate and review allocations across limited and general partner structures
- Review and sign off on trial balances and supporting work paper documentation
- Oversee fund-level capital activity including contributions, distributions, rebalancing events, and inter-fund transfers
- Compute and review a range of fee structures including recurring management and administrative fees, as well as performance-based calculations such as carried interest and clawback provisions
- Monitor the quality and timeliness of deliverables across the client portfolio
- Serve as a primary point of contact for senior stakeholders across multiple accounts
- Provide guidance on technical accounting matters and industry-specific best practices
- Lead onboarding and transition planning for new client relationships
- Collaborate cross-functionally with Operations, Financial Reporting, Tax, and Investor Relations teams
- Oversee and coordinate external audit activities
- Analyze fund-level legal and offering documents including partnership agreements and private placement materials
- Configure and implement fund structures within the accounting platform
- Fulfill additional reporting and business needs as they arise
About You:
- Experience leading teams of fund accounting professionals across multiple seniority levels
- 3–5 years of hands-on fund accounting experience
- Strong command of US GAAP and other applicable accounting frameworks
- Familiarity with distribution waterfall structures, modeling, and related calculations
- Demonstrated experience preparing and reviewing general ledgers and financial statements
- Proven leadership and supervisory skills within a professional services environment
- Strong project management abilities with the capacity to manage competing priorities
- Bachelor's degree in Accounting, Finance, Economics, or a related field
- Excellent written and verbal communication skills
- Proficiency in Excel and Word; experience with a private equity fund accounting platform is a strong plus
Salary : $120,000 - $150,000