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Position Summary
We are seeking an Entry-Level Fund Accountant to support the accounting and financial reporting activities for investment funds. This position is ideal for an early-career accounting professional interested in building experience within the asset management, private equity, hedge fund, or financial services industry.
The Fund Accountant will assist with daily and monthly accounting activities, reconciliations, investment activity, financial reporting, and preparation of fund-level information. The successful candidate will have strong accounting fundamentals, attention to detail, and proficiency with Excel.
Key Responsibilities
- Perform daily and monthly fund accounting activities for assigned investment funds.
- Prepare and post journal entries and maintain general ledger activity.
- Assist with month-end, quarter-end, and year-end close processes.
- Perform cash, bank, investment, and position reconciliations and research discrepancies.
- Record investment transactions, income, expenses, fees, and other fund activity.
- Assist with the calculation and review of Net Asset Value (NAV) and related fund reporting.
- Track capital contributions, distributions, subscriptions, and redemptions, depending on fund structure.
- Assist with preparation of financial statements and investor reporting.
- Maintain schedules supporting fund balances and financial reporting.
- Support external auditors by preparing documentation and responding to audit requests.
- Review accounting activity for accuracy and investigate differences.
- Maintain organized accounting records and supporting documentation.
- Work closely with senior fund accountants, investment operations, administrators, auditors, and other internal teams.
- Assist with ad hoc accounting and financial analysis projects as needed.
Qualifications
- Bachelor’s degree in Accounting, Finance, Economics, Business, or a related field.
- 0-2 years of accounting or finance experience
- Understanding of basic accounting principles.
- Strong proficiency with Microsoft Excel, including formulas, PivotTables, and lookups.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and organizational skills.
- Ability to manage multiple deadlines in a fast-paced environment.
- Strong written and verbal communication skills.
Preferred Qualifications
- Exposure to fund accounting, investment accounting, asset management, private equity, hedge funds, or financial services.
- Familiarity with NAV calculations, investment securities, capital activity, or portfolio accounting.
- Experience with accounting, investment, or portfolio management systems.
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