Private Equity Accounting Job Description

Private Equity Accounting Job Description

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Private equity accounting provides guidance and develop comprehensive documentation on the appropriate application of US generally accepted accounting principles to complex and emerging issues.

Private Equity Accounting Duties & Responsibilities

To write an effective private equity accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included private equity accounting job description templates that you can modify and use.

Sample responsibilities for this position include:

Overseeing accounting duties
Adjust interest rates in accounting system
Eigth plus years fund accounting experience – three of these in Private Equity fund administration
Familiarity with the Investran accounting system is a major plus
You will prepare monthly and quarterly management accounts and annual financial statements in accordance with UK & US GAAP & IFRS
Be technically competent regarding relatively complex, extensive, high profile transactions surrounding all PE Fund activity capital calls, distributions, investment purchases, divestments, carried interest calculations, expenses, income, gains, fees, ensuring they are executed according to standard accounting policies and procedures
Production and Review of monthly, quarterly and annual accounting and reporting functions for a portfolio of closed ended private equity funds
Responsibility for ensuring the accounting records of client funds are accurate, complete, and up to date
Provide quarterly accounting information to the tax team
Or disclosure issues

Private Equity Accounting Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Private Equity Accounting

List any licenses or certifications required by the position: CPA, CFA

Education for Private Equity Accounting

Typically a job would require a certain level of education.

Employers hiring for the private equity accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Education, Economics, Leadership, Mathematics, Administration, Management, Business/Management

Skills for Private Equity Accounting

Desired skills for private equity accounting include:

Partnership accounting
US GAAP Prior supervisory experience
With an emphasis on investment partnerships
Investran would be an advantage
US Generally Accepted Accounting Principles and other comprehensive basis of accounting
US GAAP
Accounting
VBA and advanced excel skills
US Generally Accepted Accounting Principles
Fund accounting practices and standards

Desired experience for private equity accounting includes:

Ability to work in a high performing culture with time-sensitive deadlines
Attention to detail is key to the success of this role
Excellent communication skills and to be able to effectively liaise with other operational departments clear and concise responses to client queries
Active participation in client projects
Reviewing quarter-end supporting packages (Trial Balance, General Ledger, receivable/ payable detail, allocation support)
Prepare quarterly and annual Fund financial statements

Private Equity Accounting Examples

1

Private Equity Accounting Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of private equity accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for private equity accounting
  • Be technically competent regarding complex, extensive, high profile transactions surrounding all PE Fund activity capital calls, distributions, management fees’ investment purchases, divestments, carried interest calculations, ensuring they are executed according to the LPA and standard accounting policies and procedures
  • Implementation of fund structures on accounting systems
  • Track cash receipts for portfolio company interest payments
  • Assist in the preparation of templates, which will be included in quarterly filing and / or press release
  • Maintain and update daily cash balances for fund of fund vehicles
  • Assist with the co-ordination and documentation of quarterly valuation changes of fund investments
  • Participate in and generate documentation of quarterly closing process and procedures
  • Assist in compilation of quarterly financial statements for our funds
  • Assist with the audit of our funds including working with our external auditors, fund administrators and other internal resources as necessary
  • Generate reports and data requests out of our proprietary fund reporting system
Qualifications for private equity accounting
  • CPA or CA or 4 parts
  • Establish and maintain client relationships as the primary contact for the Finance Department, ensuring a superior level of client service
  • Maintain a working knowledge of assigned fund of fund portfolios and the investments within these portfolios
  • Respond to client and fund investor questions and interact with Relationship Managers to ensure that the required level of client service is being provided
  • Assist in the preparation of regulatory and tax filings
  • Proficiency in Excel, Data Entry, and Basic Statistics
2

Private Equity Accounting Job Description

Job Description Example
Our company is growing rapidly and is looking for a private equity accounting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for private equity accounting
  • Oversee portfolio valuation
  • Coordinate month-end closing process
  • Reconcile internal documentation to administrator workpapers
  • Coordinate and oversee process between administrators and auditors for year-end audit and tax work
  • Assist with year-end tax-work and interim tax estimates for PE and HF
  • Monitor payment and reset notices from loan admin agents
  • Reconcile / match cash inflows to administrator notices
  • Analyze investment documents and properly set up investment structures
  • You will calculate quarterly management fees, investigate and resolve client queries and by the liaison point for intermediaries including external lawyers and accountants
  • You will coordinate and implement the year end audit process and any related queries around this process
Qualifications for private equity accounting
  • Knowledge of data mining techniques and database management required
  • 2+ years work experience in similar industry and position
  • Possess attitude necessary to succeed in team oriented environment
  • Must be able to handle multiple assignments and meet deadlines
  • Knowledge of VPM
  • 3+ years experience out of a Private Equity Fund or Administrator
3

Private Equity Accounting Job Description

Job Description Example
Our company is looking to fill the role of private equity accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private equity accounting
  • Your client relationship skills are of the utmost importance and a key deliverable is to maintain and continually develop these relationships within your own portfolio either by phone, email or in face to face client meetings
  • Write text)
  • Preparing quarterly and annual Fund financial statements
  • Preparing capital call and distribution calculations
  • Maintaining detailed capital account balances for partners
  • Preparing wires, to be sent to Treasury, for Investment Funding to ensure funds flow through the structure correctly
  • Recording daily and monthly activity in Investran
  • Assisting in tracking investment cost and monitoring the fair value of the investments
  • Preparation of support analyses for partnership activities to external auditors for year-end audits and partnership tax returns
  • Assisting in maintaining Investment Track Record
Qualifications for private equity accounting
  • 2-5 years of investor relations experience in financial services OR
  • Tracking of cash receipts for portfolio company interest payments
  • Preparation of templates, which will be included in Blackstone’s quarterly filing and / or press release
  • Strong leadership and change management attributes
  • Your strong analytical and organizational skills the ability to problem solve allows you to work independently in teams
  • You have excellent written and verbal communication skills that create and maintain strong, constructive relationships with business partners
4

Private Equity Accounting Job Description

Job Description Example
Our growing company is looking for a private equity accounting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for private equity accounting
  • Utilize all department systems as required to complete & monitor daily and periodic functions including, but not limited to
  • Reviewing and preparing quarterly and annual financial statements and partner capital recording packages, including all supporting work papers and disclosure documents
  • Responsibility for ensuring that the financial statements or NAVs where relevant are prepared according to agreed standard and client specific procedures and timetables
  • Responsibility for the set up and review of Fund Nav calculations including waterfall/carried interest calculations
  • Responsibility for ensuring that the necessary controls are in place and adhered to in order to provide complete, accurate and timely fund administration services to our clients
  • Assisting the financial Statements team with the preparation of annual financials and managing the audit process
  • Involvement in the review and development of Procedures Manuals and operating frameworks
  • Involvement in the review of prospective client documentation and assistance in the review of prospect profile documents
  • Assistance with launching of new funds
  • Responsibility for serving as a primary contact point for the client including overall responsibility for dealing with both client and custodian (where applicable) in respect of any queries
Qualifications for private equity accounting
  • You have high proficiency in MS Excel
  • Ability to work on multiple projects concurrently and meet tight deadlines
  • Experience Recording Acquisitions of Fixed Assets and Dispositions
  • Calculating the Depreciation Amount of all Fixed Assets
  • VC or PE Experience Required
  • A qualified\part qualified accountant with proven experience in acccounting with exposure to US/Lux/UK GAAP and IFRS
5

Private Equity Accounting Job Description

Job Description Example
Our innovative and growing company is looking for a private equity accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private equity accounting
  • Strictly adhere to established departmental fund accounting processing procedures and controls
  • Collaborate with fund accounting teams to understand and solve business problems and build scalable operations to meet the service needs of a large portfolio of clients
  • Interpret fund legal documents (LPA, PPM, ) and translate into accounting requirements
  • Preparation and signing off on NAV files to reviewer
  • Provide input, maintains and monitors departments risk management and compliance programs for assigned team
  • Establishes & cultivates working relationship with clients and partners
  • Coordinates and participates in training presentations regarding area’s products and services with partners and conducts on-the-job training with staff
  • Monitors turnaround times so that product/services are provided by due date
  • Monitors and verifies account set up, maintenance and services for accuracy and completeness
  • Reviews all bespoke, non-standard procedures for account processing
Qualifications for private equity accounting
  • Number of years work experience within financial services, with at least two years in a supervisory role
  • Good working knowledge of the financial services Industry and the applicable regulations
  • Knowledge of accounting systems FIS Investran and / or Advent Geneva
  • Third level qualification in business related discipline , Professional Accounting qualifications desirable
  • 4 years of related experience, including working with private equity
  • Up to three years of accounting experience

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