Senior Fund Accountant

Segrera Associates is working with a private equity firm that is looking to hire a Senior Fund Accountant. The firm manages multiple investment vehicles and is supported by a lean, collaborative finance team. The Senior Fund Accountant will be responsible for the day-to-day fund accounting and financial reporting for multiple private equity funds and related investment vehicles. This role will work closely with the Controller, CFO, and third-party service providers to ensure timely closes, accurate NAVs, and high-quality investor reporting.

The ideal candidate has a strong understanding of private equity fund structures, capital activity, and GAAP, and is comfortable operating in a fast-paced, deadline-driven environment.

Key Responsibilities

Fund Accounting & Close

• Maintain general ledger and perform monthly and quarterly closes for private equity funds, SPVs, and management company entities
• Calculate and review fund-level NAVs in accordance with U.S. GAAP
• Record and reconcile capital calls, distributions, management fees, carried interest, and fund expenses
• Track partner capital accounts and investment-level activity

Financial Reporting

• Prepare quarterly and annual financial statements for funds, including footnotes
• Support annual audits and coordinate with external auditors
• Assist with ASC 820 fair value reporting and valuation support in coordination with investment teams

Investor Reporting & Operations

• Prepare and review investor capital statements, IRR calculations, and waterfall models
• Support LP reporting, including quarterly reports, notices, and ad hoc investor requests
• Assist with fund formation and onboarding of new investors

Compliance & Controls

• Ensure compliance with fund governing documents (LPAs), side letters, and internal controls
• Support regulatory filings as applicable (e.g., Form PF, AIFMD support, state filings)
• Assist with tax reporting coordination, including K-1 support and data provided to tax advisors

Process Improvement

• Identify and implement process improvements related to fund accounting, reporting, and systems
• Manage relationships with third-party administrators, valuation firms, and tax providers
• Support fund accounting systems and data integrity Allue/AltaRetrun and QuickBooks experience preferred

Qualifications

• Bachelor’s degree in Accounting or Finance (CPA preferred but not required)
• 3 years of experience in private equity, hedge fund, or alternative investment accounting
• Strong understanding of private equity fund structures, capital activity, and waterfall calculations
• Experience working with fund administrators and auditors
• Proficiency with fund accounting systems and Excel
• Strong attention to detail, organizational skills, and ability to meet tight deadlines
• Excellent communication skills and ability to work cross-functionally