Senior Private Equity Fund Accountant

Description

Do you want to be part of a global team that is taking the financial services industry by storm? 

Are you looking for a company that is dedicated to developing and building your career? 

Do you want to work at a company that puts its employees and culture at the forefront of everything they do? 

If your answer to these questions is "yes", then STP may be right for you! 

Company Overview 

STP Investment Services is a collaborative partner providing scalable and transparent front, middle, and back-office solutions to investment managers, funds, and plan sponsors giving them the technology, expertise and confidence needed to focus on core business objectives. STP Investment Services, an international company with fully owned offices in the United States and India, provides a broad range of services for the asset management industry with capabilities to process all asset classes and meet ever-evolving business requirements. 

STP employees enjoy the following benefits 

• Competitive compensation plus a performance bonus 
• Unlimited PTO 
• 10 Paid Holidays 
• Strong 401k Matching program 
• Hybrid work schedule
• Competitive health benefits (Medical, Vision, Dental, Life, and Disability Insurance) 
• Volunteer Time Off (VTO). We pay you to do good in your community! 
• Strong growth and advancement opportunities 
• Highly subsidized Medical/Dental/Vision/Disability Insurance benefits 
• Employee Assistance Program 

Summary

We are seeking a highly skilled Senior Private Equity Fund Accountant to join our growing Fund Administration team. This role is responsible for the day-to-day accounting & reporting functions for private equity, real estate and private credit funds. The ideal candidate will have strong technical accounting knowledge, hands-on experience with complex fund structures, and the ability to work effectively with internal teams and external stakeholders.

Exposure to private credit and direct lending, along with advanced Excel skillsets and familiarity with Cogency and Entrilia systems, are highly desireable skills. This position offers the opportunity to work in a dynamic environment servicing multiple clients and fund structures, ensuring accuracy, timeliness, and best-in-class client service.

Key Responsibilities

Fund Accounting & Reporting

• Prepare and review monthly, quarterly, and annual unaudited financial statements per client requirements
• Record and reconcile all fund-level transactions including capital calls, distributions, management fees, expenses, and carried interest/waterfall allocations.
• Maintain and reconcile general ledgers and trial balances for assigned funds.
• Manage accounting for complex fund structures such as master-feeder arrangements, series/rolling funds, SPVs/co-investment vehicles, and fund-of-funds, ensuring accurate consolidation and reporting across entities.
• Develop, maintain, and review waterfall models (European and American) to calculate carried interest, preferred return hurdles, and catch-up provisions, including accruals and potential clawbacks.
• Support audit processes by working with financial reporting team to ensure timely completion of audits.
• Prepare partner capital statements and ensure accurate allocation of income, expenses, and realized/unrealized gains/losses.

Investor & Client Servicing

• Manage capital activity processing including subscriptions, redemptions, transfers, and investor allocations in coordination with wire processing team.
• Prepare and review investor notices (capital calls, distributions, statements).
• Act as a point of contact for clients and vendors on accounting and operational matters.
• Provide timely and accurate responses to client inquiries and ad-hoc reporting requests.

Operational Oversight

• Ensure compliance with fund documents (LPAs, side letters, offering memoranda) when processing transactions.
• Monitor and reconcile bank accounts, ensuring accurate cash management and wire instructions.
• Support internal controls and contribute to process improvement initiatives.
• Assist in onboarding new funds and clients into the administration platform in coordination with the firms implementation team.

Technology & Process Efficiency

• Leverage advanced Excel functionality, including macros, pivot tables, and VBA, to streamline reporting and enhance efficiency.
• Utilize fund accounting systems such as Cogency and Entrilia to process and reconcile transactions.
• Participate in system testing, process automation, and implementation of new technology solutions.

Requirements

Education: Bachelor’s degree in Accounting, Finance, or related field. 

Experience: Minimum of 3 years of fund accounting experience within private equity/real estate, private credit fund administration.

Technical Skills:

• Strong knowledge of private equity structures (limited partnerships, master-feeder funds, SPVs, co-invests, fund-of-funds).
• Proficiency with Excel (pivot tables, lookups, advanced formulas); VBA/Macro knowledge a plus.
• Experience with accounting and fund administration systems (Cogency, Entrilia, Investran, or similar)

Preferred Experience:

• Exposure to private credit and direct lending strategies.
  • Knowledge of waterfall/carry calculations and complex allocation methodologies
  Soft Skills: Strong attention to detail, ability to prioritize and meet deadlines, excellent communication skills, and client-service orientation.

Salary : $75,000 - $95,000