Senior Fund Accountant - Private Equity

$80,000 - $95,000/Yr

The Stepstone Group UK Ltd - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

11-50 employees

About the position

The Senior Fund Accountant will be responsible for managing the day-to-day accounting and financial statements of the company's fund partnership vehicles. This role involves collaboration with a team of accountants and various fund administrators, as well as close interaction with the Fund Accounting Treasury, Operations teams, and the Investment Operations team. The position requires a strong understanding of private equity accounting and the ability to handle multiple tasks in a fast-paced environment.

Responsibilities

• Review calculations of investor cash flow activity including capital call and distribution notices
• Track daily cash activity, including setting up wire payments and daily cash projections
• Review management and performance fees
• Assist in the review of the quarterly unaudited and annual audited financial statements in accordance with GAAP / IFRS
• Assist in the review of quarterly performance reporting
• Review workpapers and supporting documentation for the annual financial statement audit
• Review partner allocations and capital account statements
• Support the investment team in the closing of transactions, including responding to information requests, review of allocations, review of reporting requirements and other support and analysis as needed
• Support various fund administrators and coordinate delivery of required reporting
• Understand partnership agreements and interpret reporting requirements and partner economics
• Correspond with Corporate Accounting / General Partners regarding accounting/reporting questions, or comments
• Review distribution waterfalls and carried interest
• Respond to investor requests in a professional and timely manner
• Assist tax department with Fund and investor K-1s review and various tax payments
• Perform other duties as requested or as responsibilities dictate

Requirements

• CPA preferred
• Must possess a four-year college degree with a major in Accounting
• Two to four years of private equity partnership or real estate fund accounting experience
• Strong Microsoft Excel experience

Nice-to-haves

• Ability to multi-task and manage priorities against key deadlines in a fast-paced environment
• Previous experience with Real Estate accounting, Investment Company Accounting and ASC 820 (FAS 157)
• Must be able to work independently, but contribute in a team-oriented environment
• Strong verbal and written communication skills

Benefits

• Comprehensive healthcare
• Strong retirement plan
• Mental health well-being program
• Paid time off
• Student loan repayment program for US office locations
• Several wellness initiatives