Assistant Fund Accounting Manager - Private Equity Funds

Alter Domus - Boston, MA

Full-time - Manager

Hybrid - Boston, MA

1,001-5,000 employees

Credit Intermediation and Related Activities

About the position

The Assistant Fund Accounting Manager for Private Equity Funds at Alter Domus is responsible for overseeing the financial operations related to investment fund clients. This role involves reviewing cash contributions and distributions, preparing financial statements, and liaising with auditors. The position requires strong communication skills and a deep understanding of various investment types, ensuring accurate financial reporting and compliance with governing agreements.

Responsibilities

• Review daily cash contributions and distributions for investment fund clients
• Inquire about cash and journal entries
• Assist in preparation and review of investment entries, valuations, capital calls and distributions
• Assist with preparing and reviewing audited financials and supporting schedules and liaison with auditors
• Participate in quarterly and annual audit functions
• Assist with open items list and auditor communications
• Regular communication with clients responding and coordinating response to inquiries in a timely manner
• Understand the governing agreements between Alter Domus and the client

Requirements

• Bachelor's degree in Accounting
• 5+ years of professional experience
• Private Equity Fund Accounting or Auditing experience preferred
• Strong verbal and written communication skills
• In-depth understanding of different types of investments: equity, debt, co-invest and FoF
• Keen attention to detail and critical thinking skills
• Ability to multitask, working both independently and as part of a team with professionals at all levels
• Proficiency in Microsoft Excel
• CPA or intention to obtain CPA, preferred

Nice-to-haves

• Experience with financial software and tools
• Knowledge of regulatory requirements in fund accounting
• Familiarity with alternative investment strategies

Benefits

• 401(k) savings plan with 100% employer match up to 6%
• Flexible paid time off from 27-35 days paid off per year, depending on your level
• 11 paid holidays
• Paid birthday off
• Generous parental leave for both parents
• Health care coverage for as little as $25 per month
• Flexible Hybrid working environment
• Comprehensive training through our academy training program
• Dedicated people manager and coach focused on your career