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Fund Accounting Manager

Private Equity, Full-Time

Boca Raton, Florida

$110,000 - $120,000 PLUS BONUS

The Role:

We are working on an opportunity with a growing Private Equity Fund in Boca Raton that is looking to hire a Fund Accounting Manager to oversee the launch of their new private equity fund as well as working across the firm’s additional funds and co-investment vehicles.

Job  Description:

Fund Accounting

  • Read and understand Partnership Agreements
  • Read and understand side letters and subscription agreements
  • Put together summary outlining LPA and side letter requirements
  • Prepare capital calls and distributions
  • Maintain capital commitment report
  • Manage monthly expense accruals and payments
  • Calculate management fees
  • Foreign currency transactions
  • Quarterly financial statements
  • Quarterly investor reporting
  • Manage any necessary audits or reviews
  • Set up new fund vehicles, AIVs, and investments in Yardi
  • Work with treasury to open up bank accounts and coordinate cash movement for investment/investor fundings and distributions
  • Oversee fund administrator and/or staff accountant
  • Help construct and oversee deal by deal (American style) waterfall

Cash Management

  • Review daily cash balance report
  • Maintain cash projections
  • Read and understand credit facility
  • Manage line of credit borrowings and pay downs
  • Maintain interest accruals and amortization of fees related to credit facility
  • Process deal funding
  • Calculate capital calls and distributions

Investment Responsibilities

  • Understand deal structure
  • Read and understand all related agreements/documentation relating to the investment
  • Periodic review of investment performance and Company’s intent against underwriting
  • Investment’s capitalization
  • Track 3rd party debt

Other Responsibilities

  • Supervise staff and/or fund administrator
  • Approval of staff/fund admin journal entries
  • Invoice coding for A/P department
  • Investor Requests
  • Other projects as required

Required Skills:

  • Bachelor’s Degree in Accounting preferred
  • Experience with Private Equity
  • Expert in Excel
  • 5-10 years of public and/or fund administration and/or fund accounting
  • CPA preferred
  • Self-starter
  • Effective team member
  • Ability to multi-task
  • Highly organized / detail oriented
  • Desire to work in high paced and dynamic environment
  • Strong interpersonal skills and the ability to communicate with all levels of management
  • Excellent oral and written communication skills
  • Proficient with MS Word
  • Experience with financial Reporting systems (Anaplan) and tools highly desirable
  • YARDI experience strongly preferred
  • Investran experience a plus, but not required




Apply now