Associate – Fund Accounting

Associate – Fund Accounting

Requirements

• Bachelors of Science in Accounting or higher education
• 2-4 years of relevant professional experience
• Public and/or private accounting experience (with Big 4 accounting preferred)
• CPA preferred
• Experience with close-ended fund
• Experience with credit products preferred
• Strong understanding of U.S. GAAP
• Strong verbal and written skills; ability to analyze and summarize complex information both verbally and in writing
• Strong problem-solving and analytical skills
• Ability to multi-task and manage various deadlines
• Excellent organizational and interpersonal skills

Responsibilities

• Participate in team projects and initiatives that focus on creating operational efficiencies and scale.
• Prepare weekly liquidity/cash flow projections to ensure our accounts have sufficient liquidity to meet future investment fundings.
• Collaborate and review capital call and distribution calculations and deliverables performed by the fund administrators.
• Manage the use of subscription lines.
• Review monthly and quarterly NAV packages, including cash and position reconciliations, capital allocations, calculation of management fees and waterfall calculations and investor account statements prepared by fund administrators.
• Prepare monthly expense accrual budgets and assist in the expense payment process.
• Review quarterly and annual financial statements and footnote disclosures.
• Prepare management company reporting for quarterly SEC filings.
• Assist with preparation of information provided to tax teams for quarterly tax estimates and annual returns.
• Prepare monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers.
• Prepare deal and fund level performance metrics such as internal rates of return, MOIC, time-weighted returns, etc.
• Review governing documents for the funds, including the PPM, LPA, credit facility agreements, ISDA agreements, etc. and ensure compliance with terms and guidelines.
• Prepare and/or review key regulatory reporting (Form PF, TIC SLT, AIFMD, Form ADV).
• Liaise and build strong relationships with teams across the organization, including investor relations, portfolio managers, legal, tax and operations along with external parties such as fund administrators, custodians, and external auditors.

Preferred Qualifications

• Advent Geneva experience a plus
• Strong Excel skills (e.g. complex formulas, macros)
• PowerBI, Alteryx, or other business intelligence tools a plus