What are the responsibilities and job description for the Fund Accounting Manager position at Leeds Professional Resources?
Job Summary:
We are looking for a Fund Accounting Manager to lead a team responsible for the accounting and reporting. This role ensures accurate, timely financial close processes, investor deliverables, and strategic support in a private investment management setting.
Key Responsibilities:
- Manage day-to-day fund accounting operations, including oversight of journal entries, reconciliations, accruals, and monthly/quarterly closes for multiple funds and SPVs.
- Supervise preparation of NAV calculations, financial statements, investor reports, capital calls/distributions, waterfalls, and performance analytics.
- Coordinate with external administrators, property managers, auditors, and tax advisors for accurate reporting and compliance.
- Lead team in handling property acquisitions/dispositions, debt accounting, lease abstractions, and expense allocations.
- Develop and maintain fund-level budgets, forecasts, and variance analysis; provide insights to investment and executive teams.
- Ensure adherence to GAAP, partnership agreements, internal controls, and regulatory standards; manage audit processes.
- Identify and implement process improvements, system enhancements, and best practices for efficiency.
Required Qualifications:
- Bachelor’s degree in Accounting or Finance; CPA/CMA preferred.
- 7 years of fund accounting experience, including 3 years in a supervisory role.
- Strong knowledge of fund structures, waterfalls, carried interest, and investment accounting software.
- Leadership skills with proven ability to manage teams and deadlines in a fast-paced environment.
Salary : $120,000 - $140,000