Senior Accountant -Private Equity Fund

Private Equity Fund
-San Fran
-Accounting Associate

This is a rare opportunity for an accountant to work for a growing and stable fund with a lovely family like and collegiate culture while getting exposure to fund accounting, management company accounting, and compliance.

Please only candidates who have private equity fund accounting with 2-5 years max of experience from either public accounting, a fund administrator, and another pe fund please apply.

Please feel free to reach out via linkedin and send resumes to . Thank you.

The Senior Accounting Associate will play a pivotal role in the finance team, primarily responsible for the meticulous oversight of both the private equity fund's and the management company’s accounting functions. This role involves a critical review of work performed by third-party fund administrators and ensuring stringent adherence to all regulatory and internal compliance requirements. The ideal candidate will be a highly organized, detail-oriented professional with strong experience in private equity structures and operations.

Key Responsibilities

• Monitor and review all capital activity, including capital calls (subscriptions) and distributions, ensuring accurate and timely processing by the fund administrator.

• Conduct in-depth reviews of quarterly and annual financial statements, partner capital statements, and supporting work papers prepared by the administrator to ensure accuracy and compliance with relevant accounting standards (e.g., U.S. GAAP).

• Verify the accurate calculation of fund performance metrics, including Internal Rate of Return (IRR) and investment multiples.

• Oversee the valuation process of portfolio investments, collaborating with investment teams and challenging the administrator’s inputs as necessary.

• Management Company Accounting:

• Review monthly accounting packages for the management company and General Partner (GP) entities prepared by the administrator, including balance sheets, income statements, and cash flow statements.

• Ensure proper expense recognition, allocation methodologies, and intercompany reconciliations are applied consistently.

• Assist with the annual budgeting process and ongoing monitoring of expenses against budget.

• Compliance & Reporting:

• Manage the execution of compliance calendars for both fund and management company entities.

• Assist in the coordination and review of annual audits with external auditors and the fund administrator, serving as a primary point of contact for audit inquiries.

• Oversee the timely and accurate filing of tax information (e.g., K-1s, partnership returns) by the tax administrator.

• Monitor adherence to the fund’s Limited Partnership Agreement (LPA) terms, ensuring compliance with fee calculations, distribution waterfalls, and reporting requirements.

• Support the Chief Compliance Officer in fulfilling regulatory reporting obligations (e.g., SEC filings like Form ADV and Form PF, if applicable).

• Process Improvement & Relationship Management:

• Serve as the primary liaison between the firm and third-party fund and tax administrators, managing the relationship and resolving complex issues.

• Identify opportunities to streamline accounting and reporting processes, enhancing efficiency and control frameworks.

• Mentor junior staff and assist with ad-hoc projects and analyses as required by senior management.

Qualifications

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Experience:

• Bachelor’s degree in Accounting, Finance, or a related field. CPA designation is preferred.

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