Private Equity Fund Accountant Job Description

Private Equity Fund Accountant Job Description

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Private equity fund accountant provides guidance to other departments in the application of Generally Accepted Accounting Principles (GAAP).

Private Equity Fund Accountant Duties & Responsibilities

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

Sample responsibilities for this position include:

Ensure proper accounting for investment structures, lower tier/subsidiary trial balances, tax blockers and AIVs, equity method accounting and consolidation
Review the Administrator’s accounting for investment structures, lower tier/subsidiary trial balances, tax blockers and AIVs, equity method accounting and consolidation
Providing assistance and guidance on accounting standards and best practices
Providing technical accounting/industry knowledge to clients
Mentor accounting staff
Responsible for performing a variety of accounting, analytical, & financial reporting duties ensuring client and investor activity reporting is prepared and completed appropriately
Implementation of fund structures onto accounting system
Ensuring proper accounting of transactions for Real Estate Funds
Prepare reconciliations to source documents of accounting data entered into the system
Utilize your knowledge base in partnership accounting to manage the books for portfolio of company investments

Private Equity Fund Accountant Qualifications

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

Education for Private Equity Fund Accountant

Typically a job would require a certain level of education.

Employers hiring for the private equity fund accountant 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, Economics, Business/Management, Education, Accountancy, Professional Accounting, Technical, Graduate

Skills for Private Equity Fund Accountant

Desired skills for private equity fund accountant include:

With an emphasis on investment partnerships
US Generally Accepted Accounting Principles
US Generally Accepted Accounting Principles and other comprehensive basis of accounting
Accounting
Accounting flows and understanding of fund governing documents
Private Equity fund structures
Partnership accounting
US GAAP / UK GAAP and IFRS
Advent Geneva
PEO

Desired experience for private equity fund accountant includes:

Flexibility and willingness to work overtime
He/ She must be a team player and demonstrate a strong work ethic
Assuring fund operation is within the guidelines of offering document
Providing comments on offering documents
Monthly Net Asset Value preparation (cash & portfolio reconciliations
Maintaining the general ledger and various sub-ledgers

Private Equity Fund Accountant Examples

1

Private Equity Fund Accountant Job Description

Job Description Example
Our company is hiring for a private equity fund accountant. 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 fund accountant
  • Coordinating with Operations, Tax, Investor Relations, Financial Statement, and other groups at the company
  • Prepare investment and positions reconciliation
  • Prepare daily journal entries to ensure fund cash flow is accurate
  • Management of cash and short-term borrowings
  • Prepare investor capital call/distribution notices
  • Prepare investor funded and unfunded commitments
  • Prepare accuracy of distribution calculation and waterfall models
  • Prepare IRR and performance reporting models
  • Analyze P&L on a macro and micro levels
  • Assist in compliance with relevant regulatory requirements
Qualifications for private equity fund accountant
  • Work closely with outside administrator
  • Preparation of ancillary tasks - Payment of periodic fees, Directors fees/PAYE/PRSI, VAT returns, filing requirements/report preparation
  • Coordinate preparation of financial statements for fund and proprietary entities in accordance with US GAAP on a quarterly basis
  • Coordinate year end closing and audit
  • Preparing quarterly and annual expense budgets for funds, investment holding companies and manager entities
  • MIS reporting including cost-variance analysis
2

Private Equity Fund Accountant Job Description

Job Description Example
Our company is looking for a private equity fund accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private equity fund accountant
  • Involve in preparing presentations to potential investors for raising capital and negotiating fund terms
  • Manage cash and short-term borrowings
  • Manage and respond to investor queries, prepare supporting analyses
  • Establish work-flow and coordinate various deliverables among service providers
  • Help manage Fund Services
  • Perform detailed review of workpapers and all investor deliverables
  • Support audit process and timely deliverables
  • Support tax efforts
  • Ensure proper recording of tax provisions and payments in financials, manage investor tax reserves/distributions
  • Manage inter-company payable/receivables, invoice review/processing and coordination of fund expenses with management company controller
Qualifications for private equity fund accountant
  • Assist valuation process, working with deal professionals and outside valuation experts
  • Perform and review waterfall and distribution calculations
  • On investment management clients
  • Experience of PE/RE would be ideal, but experience of illiquid assets is imperative(where the valuation involves more than getting market prices from Bloomberg - some level of subjectivity)
  • Manage investor reporting and requests, including audit and tax confirmations
  • Perform weekly cash activity
3

Private Equity Fund Accountant Job Description

Job Description Example
Our innovative and growing company is hiring for a private equity fund accountant. 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 fund accountant
  • Manage seasonal internship program, including interviewing and hiring
  • Reconciling cash/securities to outside sources, pricing the fund portfolios, and calculating daily profit and loss
  • You will assist with the calculation of management fees / GPS and the calculation of distribution and drawdown amounts
  • You will investigate client queries and preparing draft responses for review
  • Building strong relationships whilst liaising with intermediaries lawyers / accountants
  • You will complete the review of payments and receipts and support the confirmation process for client transactions, liaising with clients and counterparties
  • Attend meetings with client contacts and intermediaries with management
  • Reviewing the reconciliation and calculation of periodic (daily/weekly/monthly) Net Asset Values (NAV) of various hedge funds
  • Reconciling transactions related to the investment portfolios, dividends and interests, corporate actions and investor capital activity
  • Providing oversight of Fund Administrators and their assigned relationships
Qualifications for private equity fund accountant
  • Understanding of financial instruments (including private equities, derivatives), investment funds (including NAV)
  • Advanced German
  • Processing derivatives, such as spot/forwards foreign exchange (FX’s), futures and options
  • Processing payments from Investors, Investment Managers and third party fees
  • The willingness to work additional hours as needed
  • Review Limited Partner and General partners/Shareholder Allocation
4

Private Equity Fund Accountant Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of private equity fund accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private equity fund accountant
  • Review procedures and recommend solutions in order to improve efficiencies
  • Acting as a liaison with property management companies
  • Review the work of team members and provide feedback for improvement in order to guarantee timely delivery and quality of work
  • Monitor and track team performance and profitability in order to meet the client service level agreements and achieve financial targets
  • Plan resources in line with business demands, participate in the recruitment and selection process
  • Cash monitoring for the fund accounts and the accounts of the real estate companies
  • Performing Fund Administration, Custodian and Transfer Agency Controls
  • Controlling the correct ending of operations
  • Preparation of statutory accounts, liaison with customers
  • Maintaining communication and relations with internal and external clients and other key stakeholders
Qualifications for private equity fund accountant
  • Active participation in the evolution of the department
  • Being main point of contact for all clients
  • Fluent working knowledge of English is essential
  • Good Knowledge of Private Equity and Real Estate fund specificities will be considered as an advantage
  • Preparation of capital calls and distributions
  • Management of fee calculations
5

Private Equity Fund Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking for a private equity fund accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for private equity fund accountant
  • Preparation of quarterly financial statements required for the public company
  • Preparation of annual audited GAAP financial statements
  • Assisting with preparation of Federal and State Income Tax Returns
  • Assisting with quarterly valuations of certain portfolio companies
  • Support work-flow and coordinate various deliverables among service providers
  • Perform detailed review of investor deliverables
  • Manage and respond to investor queries
  • Support audit process and deliverables
  • Manage related party payable / receivables
  • Assist valuation process
Qualifications for private equity fund accountant
  • Excellent knowledge in Fund Administration industry
  • Calculate partner allocations and maintain waterfall models
  • Prepare and review fund level financial statements, including the consolidated balance sheet, income statement, statement of partners' capital, schedule of investments, and cash flow statement
  • Anticipate and proactively communicate resolutions of issues to clients
  • Lead and work on special projects for clients and internal initiatives
  • Experience with various private equity legal and investment structures a beneficial

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