Service Delivery Center - EY Comply - Fund​/Private Equity Accounting - Analyst

Location:

Alpharetta, Manayunk

At EY, we’re all in to shape your future with confidence.

We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction.

Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team!

The opportunity

You will play a key role in defining the way Private Equity ("PE") and PE Fund of Fund General Partners ("GP") meet their reporting requirements for fund controllership, investment books and records, regulatory, tax, and financial statements. Top-tier GPs and investment managers are increasingly looking to EY to provide operational services for critical functions, in parallel with their current custodians. Join our team in building a new service model and identifying innovative ways for GPs to manage their books and records and create, accurate, and timely fund financial statements.

Your key responsibilities

• Understand the intricacies of PE and PE Fund-of-Fund accounting operations and financial statement reporting

• Perform critical accounting activities, including capital calls, distributions, quarterly valuations, accruals, and transaction processing

• Be part of defining new procedures and controls to enhance the overall operational risk process
  
  Drive high-quality work products within expected time frames and budgets

• Assist with managing risks and ensuring key stakeholders are kept informed about progress and expected outcomes

• Stay current on business and industry trends relevant to our clients, including the latest PE fund structures and investment record keeping standards

• Develop relationships with team members across multiple geographic locations and time zones

Skills and attributes for success

• Understanding of processes and ability to execute detailed procedures based on knowledge of fund controllership, investment books and records, and/or financial statement processes, and regulatory filing principles

• Knowledge of the intricacies in PE and PE Fund of Funds, fund controllership and/or financial reporting

• Knowledge of private equity and Fund of Funds investment characteristics and the application of regulatory and financial reporting rules to those investments

To qualify for the role, you must have:

• A bachelor’s degree in business, accounting, economics, finance, or related discipline

• Minimum 2 years of work experience related to fund controllership, fund valuation, capital calls and distributions, board reporting and production of audited financial statements

• Experience related to fund controllership, investment books and records, and/or fund administration

• Analytical skills, especially an understanding of transaction posting, and investment trial balance debits and credits related to fund controllership, investment books and records and asset management

• Strong proven communication skills demonstrated through effective writing and presentations to clients and internal stakeholders; based on critical thinking and problem-solving skills

• An understanding of financial products and services, in particular private equity funds

• An interest in working in an environment which encourages continuous learning, development, and identification of opportunities for improvement of individual and team performance

• A willingness to work in an office when production activities require but will have the…