Fund Accountant - Alternate Asset Management

Job Title: Fund Accountant Alternate Asset Management

Location: Remote
Duration: 6 Months
Exp: 8+ years

Position Overview:

We are looking for a highly experienced and detail-oriented fund accountant to support our alternative investment operations. The ideal candidate will bring deep expertise in accounting for complex investment vehicles, such as hedge funds, private equity, and other alternative assets. This position plays a critical role in ensuring accurate NAV calculations, capital activity processing, financial reporting, and investor allocations.

Key Responsibilities:

• Fund Accounting & Reconciliation:
• Perform daily, weekly, and monthly accounting functions for alternative investment funds.
• Reconcile cash, portfolio positions, and transaction activity with custodians and prime brokers.
• Maintain general ledger entries and ensure all transactions are appropriately recorded and classified.
• NAV Calculations:
• Accurately calculate Net Asset Value (NAV) for funds in accordance with industry standards and client SLAs.
• Apply fair value methodologies for illiquid investments and private market instruments as needed.
• Capital Activity Processing:
• Process investor subscriptions, redemptions, capital calls, and distributions.
• Maintain and reconcile investor capital accounts and allocation schedules.
• Track investor commitments, unfunded amounts, and waterfall distributions.
• Financial Reporting:
• Prepare periodic financial statements in compliance with U.S. GAAP, IFRS, or other relevant standards.
• Support quarter-end and year-end closing procedures, including audit and tax support.
• Generate management reports and fund-level analytics for internal and external stakeholders.
• Compliance and Controls:
• Ensure internal controls and compliance standards are maintained across fund operations.
• Support internal and external audits by preparing workpapers and responding to audit inquiries.
• Stakeholder Communication:
• Collaborate closely with fund administrators, auditors, portfolio managers, and legal teams.
• Provide timely and accurate reporting to internal stakeholders and external investors.

Qualifications:

• Bachelor s degree in Accounting, Finance, or related field; CPA or CFA preferred.
• 8 10 years of experience in fund accounting, with a focus on alternative investment vehicles (hedge funds, private equity, real estate, etc.).
• Strong understanding of:
• Fund structures (e.g., LP/LLC structures)
• Waterfall models and carried interest calculations
• Investor allocations and fee structures (e.g., management/performance fees)
• Proficient in fund accounting platforms such as Investran, eFront, Geneva, or similar.
• Strong knowledge of GAAP and/or IFRS as it relates to investment accounting.
• Exceptional analytical and problem-solving skills with keen attention to detail.
• Excellent communication skills, both written and verbal.
• Ability to work independently in a remote, fast-paced, and deadline-driven environment.

Preferred Skills:

• Exposure to complex securities, derivatives, or multi-currency funds
• Experience working with third-party fund administrators or outsourced accounting teams
• Familiarity with performance attribution and portfolio valuation