Fund Accountant - Private Equity
Beacon Hill Staffing Group, LLC

Milwaukee, Wisconsin

Posted in Real Estate and Property


This job has expired.

Job Info


Fund Accountant - Private Equity

Position Summary

The Fund Accountant is responsible for performing various accounting functions including but not limited to preparing financial statements for the private equity funds, preparing investor capital call and distribution materials, handling day to day cash management, forecasting borrowing and capital needs, assisting with fundraising, assisting with investor requests, and assisting in assuring the funds' operations are within the guidelines of the partnership agreements, compliance policies and the regulations set forth by the Securities Exchange Commission for Registered Investment Advisors.

Principal Duties and Responsibilities

  • Performs accounting activities related to maintaining complete and accurate general ledger accounts and posts necessary journal entries for the private equity funds.
  • Ensure Generally Accepted Accounting Principles (GAAP), Real Estate Information Standards (REIS) and other applicable accounting pronouncements are appropriately followed and the Company's books and records accurately reflect these standards.
  • Performs account reconciliations and prepares quarterly and annual financial statements for the Funds.
  • Assists with preparation of information and presentations for fundraising and potential investors' due diligence requests.
  • Assists in the set-up of new funds, including developing sub-ledgers and processes based on the interpretation of fund legal documents and investor side letters.
  • Assists with both routine and ad hoc Investor and Advisor requests.
  • Monitors the cash positions of the Funds and initiates borrowing and paydowns on the Funds' subscription lines as needed. Handles day to day banking functions (wire initiation, book transfers, set up of new accounts).
  • Reviews quarterly property distribution packages from the Funds' investments, and prepares Investor capital calls and Investor distribution packages as needed.
  • Works closely with the property management accountants to obtain and understand budgets, property level financial statements and expected cash needs for properties of the funds. Provides required information and documentation when the Funds close on new investments or financing.
  • Prepares work papers and assists in annual financial statement audits.
  • Prepares work papers and assists in tax compliance process.
  • Performs special projects as requested.

While the Private Equity Fund Accountant's primary responsibilities are accounting, record keeping and financial reporting for the Funds, as well as investor reporting, the responsibilities of this role may also include:

  • Performing accounting activities related to maintaining complete and accurate general ledger accounts and financial statements for the Registered Investment Advisor.
  • Reviewing accounts payable batches and expense reports for accuracy and compliance with expense reimbursement
  • Assisting with the preparation of budgets and long-term forecasts for the Advisor, and other ad hoc requests.

Knowledge, Skills & Abilities

The requirements listed below are representative of the knowledge, skills, and abilities required to perform this job successfully.

  • Bachelor's degree in Accounting, CPA preferred, and a minimum of 2 years of accounting/ financial experience.
  • Advanced knowledge of accounting terminology, principles, and procedures required.
  • Ability to interpret legal documents and understand complex concepts such as private equity fund waterfalls and carried interest.
  • Must be able to handle multiple projects, changing priorities and a demanding, time-sensitive workload.
  • Must be able to work independently and with minimal supervision.
  • Strong oral and written communication skills, and ability to conduct oneself in a polished and professional manner when interacting with external investors.
  • Strong analytical skills and attention to detail. Must be well organized.
  • Ability to find solutions to moderate to complex problems.
  • Ability to keep information strictly confidential.

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Beacon Hill is an Equal Opportunity Employer that values the strength diversity brings to the workplace. Individuals with Disabilities and Protected Veterans are encouraged to apply.

Company Profile:

Founded by industry leaders to set a new standard in search, career placement and flexible staffing, we deliver coordinated staffing solutions with unparalleled service, a commitment to project completion and success and a passion for innovation, creativity and continuous improvement.

Our niche brands offer a complete suite of staffing services to emerging growth companies and the Fortune 500 across market sectors, career specialties/disciplines and industries. Over time, office locations, specialty practice areas and service offerings will be added to address ever changing constituent needs.

Learn more about Beacon Hill Staffing Group and our specialty divisions, Beacon Hill Associates, Beacon Hill Financial, Beacon Hill HR, Beacon Hill Legal, Beacon Hill Life Sciences and Beacon Hill Technologies by visiting www.beaconhillstaffing.com.

We look forward to working with you.

Beacon Hill. Employing the Future™


This job has expired.

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