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Private Equity, Full-Time

New York, NY

$150,000 PLUS BONUS

The Role:

We are working with a Private Equity firm that is focused on investments in the Cannabis Industry. This role will directly support the firm’s COO and be involved in all aspects of Accounting, Finance and Investor Relations.

Job  Description:

  • Fund and Investor Accounting:
    • Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
    • Review fund reimbursable expenses
    • Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor
    • notices
    • Prepare fund financial statements with footnotes and supporting schedules
    • Prepare partner allocations and capital account statements
    • Understand/review of LPAs, purchase/sales agreement, side letters, etc.
    • Coordinate and support the audit for both SSAE 16 audit and fund audit
    • Support the tax team with information to prepare tax compliance/reports
    • Assist with other regulatory reporting
    • Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.)
  • Cash Management and Operations:
    • Facilitate and monitor cash movements
    • Prepare funding memos for investment purchase, fund expense payment, etc.
    • Conduct cash forecasting and budgeting
    • Responsible for bank and brokerage reconciliations
    • Assist with Ad hoc financial analysis for client
    • Assist with credit facility drawdowns for the fund
    • Coordinate with investor services team
  • Portfolio Accounting:
    • Track portfolio company transactions (purchases, income, liquidity)
    • Understand complex investment structures (hold co’s blockers, tax withholding, etc.)
    • Calculate investment IRR
    • Accounting for holding companies and blocker entities

Required Skills:

  • Bachelor’s degree in Accountancy or related field.
  • 5+ years of experience in PE or as an auditor (for Manager)
  • 8+ years of experience in PE with audit experience (for Senior Manager)
  • Strong Excel and data analytical skills
  • CPA preferred
  • Good written and verbal communications skills
  • Highly motivated with ability to multitask

Desired Skills:

  • Experience in fund accounting with a focus on private equity experience
  • Experience with waterfall calculations
  • Basic knowledge of Level 3 valuation methodologies
  • Experience with audit process, including internal control and test of details
  • Knowledge of US GAAP with an emphasis on investment partnerships


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