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Position: AVP–Private Equity Fund Accounting 
Job Number: MS03561
Location: NY - New York City
Date Posted: 2017-03-21
Salary Range: $101-125k $126-150k
Job Summary:

Exciting new opportunity at growing Real Estate Firm!! 

Company Information:

Name: Leading Real Estate Firm

Job Description:


  • Manage multiple fund relationships, including scheduling and meeting all client deliverables; monitor quality of client deliverables.
  • Maintain/manage client expectations and coordinate deliverables timelines with staff.
  • Demonstrate strong knowledge of US Generally Accepted Accounting Principles, specifically with respect to  alternative investment funds, with a focus on private equity funds; provide technical accounting/industry knowledge to clients as needed.
  • Review fund governing documents, offering documents, subscription documents, side letters, and investment management/administration agreements, in order to ensure proper application of fund terms and accounting of fund transactions.
  • Review all transaction documentation and supporting files, and understand the properties of investment transactions, accruals, etc.  
  • Review work paper files for accuracy and completeness, including capital activity, investment activity, income and  expense accruals, valuation adjustments, etc.  
  • Review management fee calculations, including offsetting amounts, management fee waiver contributions, etc.  
  • Prepare and/or review limited partner and general partner allocations and partners’ capital account statements.
  • Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
  • Create, maintain, and/or review distribution waterfall (carried interest) models, in keeping with the applicable  fund terms.
  • Review general ledgers and trial balances; prepare and/or review financial statements, footnotes disclosures, and  supporting schedules.
  • Develop/maintain robust review procedures around deliverables.
  • Coordinate, manage , and monitor the year‐end audit process, in collaboration with the client and external auditors.
  • Where applicable, coordinate with/support other groups/service providers supporting the funds (Tax, Operations,  Investor Relations, Banking, etc.)  
  • Participate in new business discussions with prospects and existing clients.
  • Implementation of fund structures on accounting system as needed.
  • Provide guidance and direction to staff on all technical and client service related topics.


Requirements / Qualifications:


  • Bachelor’s Degree in Accounting or related field.
  • 7-10 years’ experience in accounting, with a focus on alternative investments funds; private equity fund  experience required; public accounting experience a plus.
  • CPA designation a plus  
  • Strong knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting  (E.g. IFRS or Tax), with an emphasis on investment partnerships  
  • 5+ years’ experience supervising two or more professional staff; strong leadership skills and supervisory  experience of other professionals.
  • Hands‐on management style with strong leadership skills and ability to develop staff.
  • Demonstrated project management skills with the proven ability to multi‐task.
  • Excellent interpersonal and communication skills.
  • Team player
  • MRI and/or Yardi experience a plus  
  • Proficiency in Microsoft Office suite, with advanced Microsoft Excel skills.


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