Fund Administrator

Fund Accountant

12 months

Open To following locations : Wall Street, New York, and New Jersey

Overview

Performs daily accounting activities in accordance with generally accepted accounting procedures, including maintenance of the general ledger and preparation of accounting statements and financial reports. Familiarity with general accounting concepts, practices, and procedures is required.

Job Summary

Works on a team of administrators (with some supervisory duties similar to a low senior accountant in public accounting) responsible for providing accounting, administration, financial reporting, regulatory reporting, and investor servicing to investment companies and advisers, including hedge funds, private equity funds, CLOs, and other alternative investment vehicles.

Serves as a trusted advisor to clients by assessing changing business needs and strategies while providing expertise, tools, and information to support investment growth. Acts as the escalation point for assigned clients, directing issue resolution and process improvements to meet client needs. Proactively identifies risk-related issues through qualitative and quantitative analysis, anticipates obstacles, and implements mitigating solutions.

Reviews accounting records and financial statements for audit and tax purposes, documents accounting treatment for unusual investment types, and oversees complex expense allocations, incentive fee calculations, and reconciliation items.

Responsibilities

• Supervise and support a team of fund administrators responsible for accounting and investor servicing.
• Provide accounting, administration, financial reporting, and regulatory reporting services for alternative investment funds.
• Serve as the primary escalation point for client issues and oversee issue resolution.
• Assess client needs and recommend operational improvements and strategic solutions.
• Review accounting records, financial statements, and supporting documentation for audit and tax reviews.
• Establish accounting principles for complex investment types.
• Process and review complex expense allocations, incentive fee calculations, and reconciliations.
• Identify operational and risk-related issues and implement appropriate controls and solutions.

Basic Qualifications

• Bachelor's degree in Accounting, Finance, or a related field, or equivalent experience.
• 2–4 years of experience in the alternative investments industry at a fund, fund administrator, or Big Four/Mid-size public accounting firm performing fund audits.

Preferred Skills & Experience

• Working knowledge of Microsoft Office products.
• Basic knowledge of Advent applications preferred.
• Knowledge of the Confluence financial reporting platform preferred.
• General understanding of portfolio accounting and the investment management industry.
• Excellent verbal and written communication skills.
• Strong organizational, leadership, and team collaboration skills.
• CPA preferred.

Disclaimer:

Russell Tobin is a leading minority-owned professional and technical recruitment and staffing advisory organization. We are comprised of specialized practices focusing on a variety of skill sets and industries. Having a depth and breadth of industry expertise, our subject matter experts are able to provide tailored and swift sourcing solutions to fulfill client hiring needs. In other words, we connect top talent with companies. We are the staffing arm of the Pride Global network, a minority-owned integrated human capital solutions firm, with additional offerings in vendor management, payroll programs, and business process optimization.

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During the recruiting, pre-offer process and offer process, we may collect the following categories of personal information:

Identifiers, such as name, address, and email address.

Professional and Employment-Related Information, such as resume, work history, education, and qualifications.

Information Voluntarily Provided by You in connection with the recruiting and pre-offer process.

Sensitive Personal Information, where legally permitted and necessary, such as Social Security number and date of birth.

Personal information is collected and used for the following business purposes: evaluating qualifications and eligibility for employment; communication regarding the recruitment and application process; verifying eligibility for employment; and complying with applicable legal, regulatory, and contractual obligations.

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