Assoc Director - Private Equity Fund Accounting

Associate Director
IND: PRIVATE EQUITY FUND ACCOUNTING
LOC: NYC - Hybrid
Salary: $150K - 170K plus incentives

Our client is looking for a dynamic individual to manage client accounting and support the growing private equity fund administration business. As a member of the team, this person may also play a role in training, system testing, fund onboarding and report development and maintenance. This position will interface with clients as well as the company’s investor services, operations management, client service and business analysts to service new and existing private equity funds and provide joint solutions to complex client issues.

Responsibilities:

-Manage the reporting process for the assigned clients ensuring accuracy and timeliness.
-Maintain and control the general ledger and various sub-ledgers
-Prepare and review partner capital statements
-Prepare and review limited partner and general partner allocations
-Prepare and review trial balances and supporting work papers
-Review capital activity that pertains to the funds including capital calls, distributions, and transfers
-Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations
-Manage and monitor the timing and quality of client deliverables
-Interact with senior management and manage relationships for high profile clients
-Provide technical accounting/industry knowledge to clients
-Coordinate, manage, and monitor external audit process
-Review and interpret private equity fund client s partnership agreements and other materials
-Implementation and proper set up of fund structures on accounting system
-Identify system enhancements and reports to improve operational efficiency or client service, and reduce operational risk.

QUALIFICATIONS

-10+ years related experience in either a private equity fund, private equity administrator, or public accounting firm with financial services clients.
-Demonstrated client service and continuous improvement focus
-Strong knowledge of financial markets and alternative investments
-Demonstrated leadership in coaching and motivating team members, supervisory skills required
-Knowledge of US GAAP and IFRS
-Knowledge of the investor accounting and reporting process for private equity funds including (but not limited to) capital calls, transfers, distributions, rebalancing, waterfall calculations, clawbacks, carried interest, management fees, side pockets, special allocations, opt in/out, hurdle and catch-up rates, and IRR calculations
-Familiar with alternative investment fund structures including (but not limited to) master/feeder, stand alone, fund of funds, and share based/capital accounts
-Experience reading and interpreting private equity fund documents

-Bachelor’s Degree in Accounting/Finance
-Audit/Control Minded
-Strong verbal and written communication skills and organization skills

At WatsonBarron, we share a philosophy when it comes to recruiting - focus on people. Great companies, no matter the product or service, are run by people. We have made a commitment to the careers and businesses of those who lead. We seek out the best and the brightest in the accounting & finance industries and introduce them to clients with the highest expectations. We do this with a tireless commitment to detail. This commitment has made WatsonBarron the selected recruiter for many of the region's top professionals and ground-breaking companies. These range from incubator companies focused on technology and cutting-edge diagnostics, to Fortune 500 entertainment, pharmaceutical, consumer products, publishing, consulting, manufacturing, and financial services firms.