Grant Thornton (US)
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Fund Accounting Manager
role at
Grant Thornton (US)
As a Fund Accounting Manager, you will be responsible for overseeing 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’s NAV production, internal control environment maintenance, the internal and external audit process, and the treasury function. Fund structures may include hedge funds, private equity funds, private debt funds, and real estate funds. You will collaborate with Fund Accountants and cross‑function experienced professionals.
Your day‑to‑day may include:
Manage the day‑to‑day accounting operations for multiple private funds, including complex fund 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, including 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 the 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.
You have the following technical skills or 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, blocker and standalone entities, feeder funds, liquidated funds, and newly commenced funds).
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.
At Grant Thornton, we believe in making business more personal and building trust into every result— for our clients and you. Here, we go beyond your expectations of a career in professional services by offering a career path with more: more opportunity, more flexibility, and more support. It’s what makes us different, and we think being different makes us better.
It is the policy of Grant Thornton to promote equal employment opportunities. All personnel decisions (including, but not limited to, recruiting, hiring, training, working conditions, promotion, transfer, compensation, benefits, evaluations, and termination) are made without regard to race, color, religion, national origin, sex, age, marital or civil union status, pregnancy or pregnancy‑related condition, 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, it is the policy of Grant Thornton LLP to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. To make an accommodation request, please contact HR@us.gt.com.
For Los Angeles Applicants only: We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.
For Massachusetts Applicants only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. Grant Thornton does not require or administer lie detector tests as a condition of employment or continued employment.
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Fund Accounting Manager
role at
Grant Thornton (US)
As a Fund Accounting Manager, you will be responsible for overseeing 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’s NAV production, internal control environment maintenance, the internal and external audit process, and the treasury function. Fund structures may include hedge funds, private equity funds, private debt funds, and real estate funds. You will collaborate with Fund Accountants and cross‑function experienced professionals.
Your day‑to‑day may include:
Manage the day‑to‑day accounting operations for multiple private funds, including complex fund 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, including 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 the 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.
You have the following technical skills or 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, blocker and standalone entities, feeder funds, liquidated funds, and newly commenced funds).
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.
At Grant Thornton, we believe in making business more personal and building trust into every result— for our clients and you. Here, we go beyond your expectations of a career in professional services by offering a career path with more: more opportunity, more flexibility, and more support. It’s what makes us different, and we think being different makes us better.
It is the policy of Grant Thornton to promote equal employment opportunities. All personnel decisions (including, but not limited to, recruiting, hiring, training, working conditions, promotion, transfer, compensation, benefits, evaluations, and termination) are made without regard to race, color, religion, national origin, sex, age, marital or civil union status, pregnancy or pregnancy‑related condition, 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, it is the policy of Grant Thornton LLP to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. To make an accommodation request, please contact HR@us.gt.com.
For Los Angeles Applicants only: We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.
For Massachusetts Applicants only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. Grant Thornton does not require or administer lie detector tests as a condition of employment or continued employment.
#J-18808-Ljbffr