Grant Thornton (US)
Job Description
As a Fund Accounting Manager, you will oversee the full‑cycle accounting and financial reporting for a portfolio of private funds, ensuring accuracy, compliance, and timely delivery of financial information to stakeholders, including Fund NAV production, internal control maintenance, and the internal and external audit process. You will collaborate with Fund Accountants and cross‑functional professionals.
Day‑to‑Day Responsibilities
Manage day‑to‑day accounting operations for multiple private funds, including complex structures with tiered ownership and waterfall calculations.
Review and approve quarterly and annual GAAP‑compliant financial statements, capital account statements, and supporting schedules.
Oversee capital call and distribution processes, ensuring accurate allocation of cash flows and timely investor communication.
Maintain and reconcile investor capital accounts, tracking commitments, contributions, preferred returns, and carried interest.
Collaborate with external auditors and tax advisors to support year‑end audits and K‑1 preparation.
Lead and mentor a team of fund accountants, providing guidance, training, and performance feedback.
Implement and enhance automated reporting tools and workflows to improve efficiency and accuracy.
Analyze fund performance metrics and provide insights to senior leadership for strategic decision‑making.
Responsible for the month‑end and quarterly NAV, including pricing, financial reporting, and accounting of the Fund.
Manage and account for purchase and sales transactions through their life cycles.
Analytically review monthly/quarterly investment and fund performance data to measure historical performance and forecast future fund performance.
Produce cash flow, total rate of return, and profitability analysis to support portfolio managers.
Prepare and monitor covenants and report to management on overall debt position.
Track tax strategies and ensure appropriate application within the fund and its investments.
Maintain an excellent and collaborative relationship with internal and external partners.
Meet or exceed targeted billing hours (utilization).
Other duties as assigned.
Qualifications
Bachelor’s degree in Accounting required.
Minimum 5 years of experience in fund accounting, with a strong focus on private equity or alternative investments.
Thorough experience with complex investment and fund structures (master funds, feeder funds, etc.).
Prior experience in a public accounting firm (Big 4 or similar) and/or fund administrator is a plus.
Certified Public Accountant (CPA) or Project Management Professional (PMP) required.
Proficiency in fund accounting systems such as Investran, Allvue, Geneva, OneSource, DFIN Arc Reporting, etc.
Experience working with Fund Portfolio Managers and Controllers.
Proven ability to manage multiple priorities and meet deadlines in a fast‑paced environment.
Ability to work additional hours and/or travel as needed.
Compensation Base salary in New York City (Manhattan) office: $121,000 to $181,400. Base salary in Boston office: $121,000 to $181,400.
Benefits
Medical, dental, and vision insurance programs.
Employee assistance program.
Minimum 72 hours of paid sick leave and paid holidays for internship positions.
Eligibility for discretionary annual bonus based on individual and firm performance.
Equal Employment Opportunity It is the policy of Grant Thornton to promote equal employment opportunities. All personnel decisions (including recruiting, hiring, training, working conditions, promotion, compensation, benefits, evaluations, and termination) are made without regard to race, color, religion, national origin, sex, age, marital or civil union status, pregnancy, sexual orientation, gender identity or expression, citizenship status, veteran status, disability, handicap, genetic predisposition, or any other characteristic protected by applicable federal, state, or local law. Consistent with the Americans with Disabilities Act (ADA) and applicable state and local laws, Grant Thornton provides reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship.
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Day‑to‑Day Responsibilities
Manage day‑to‑day accounting operations for multiple private funds, including complex structures with tiered ownership and waterfall calculations.
Review and approve quarterly and annual GAAP‑compliant financial statements, capital account statements, and supporting schedules.
Oversee capital call and distribution processes, ensuring accurate allocation of cash flows and timely investor communication.
Maintain and reconcile investor capital accounts, tracking commitments, contributions, preferred returns, and carried interest.
Collaborate with external auditors and tax advisors to support year‑end audits and K‑1 preparation.
Lead and mentor a team of fund accountants, providing guidance, training, and performance feedback.
Implement and enhance automated reporting tools and workflows to improve efficiency and accuracy.
Analyze fund performance metrics and provide insights to senior leadership for strategic decision‑making.
Responsible for the month‑end and quarterly NAV, including pricing, financial reporting, and accounting of the Fund.
Manage and account for purchase and sales transactions through their life cycles.
Analytically review monthly/quarterly investment and fund performance data to measure historical performance and forecast future fund performance.
Produce cash flow, total rate of return, and profitability analysis to support portfolio managers.
Prepare and monitor covenants and report to management on overall debt position.
Track tax strategies and ensure appropriate application within the fund and its investments.
Maintain an excellent and collaborative relationship with internal and external partners.
Meet or exceed targeted billing hours (utilization).
Other duties as assigned.
Qualifications
Bachelor’s degree in Accounting required.
Minimum 5 years of experience in fund accounting, with a strong focus on private equity or alternative investments.
Thorough experience with complex investment and fund structures (master funds, feeder funds, etc.).
Prior experience in a public accounting firm (Big 4 or similar) and/or fund administrator is a plus.
Certified Public Accountant (CPA) or Project Management Professional (PMP) required.
Proficiency in fund accounting systems such as Investran, Allvue, Geneva, OneSource, DFIN Arc Reporting, etc.
Experience working with Fund Portfolio Managers and Controllers.
Proven ability to manage multiple priorities and meet deadlines in a fast‑paced environment.
Ability to work additional hours and/or travel as needed.
Compensation Base salary in New York City (Manhattan) office: $121,000 to $181,400. Base salary in Boston office: $121,000 to $181,400.
Benefits
Medical, dental, and vision insurance programs.
Employee assistance program.
Minimum 72 hours of paid sick leave and paid holidays for internship positions.
Eligibility for discretionary annual bonus based on individual and firm performance.
Equal Employment Opportunity It is the policy of Grant Thornton to promote equal employment opportunities. All personnel decisions (including recruiting, hiring, training, working conditions, promotion, compensation, benefits, evaluations, and termination) are made without regard to race, color, religion, national origin, sex, age, marital or civil union status, pregnancy, sexual orientation, gender identity or expression, citizenship status, veteran status, disability, handicap, genetic predisposition, or any other characteristic protected by applicable federal, state, or local law. Consistent with the Americans with Disabilities Act (ADA) and applicable state and local laws, Grant Thornton provides reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship.
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