09 September 2022
Fund Accountant

Fund Accountant 
Boca Raton, FL 
$80k - $90k Bonus
Company Description
Our client is a privately owned, private equity fund administration firm with offices in the United States. The firm is experiencing tremendous growth and is currently searching for Fund accountants to service clients. We are seeking qualified and highly motivated individuals to join its team of professionals and participate in a unique growth opportunity.
Job Description
Job Summary:
The Fund Accountant is a client-facing role responsible for the preparation and review of hedge fund and private equity fund valuations, including portfolio valuation, fee computation, various accruals, and income allocations. In addition, the incumbent will be involved in the preparation and review of the annual audit reports, and act as a direct liaison with the fund managers, auditors, and other related parties. As a Fund Accountant, the candidate will be expected to provide oversight to other Fund Accountants including the review of monthly valuations, providing training and insight where necessary, and assisting management with firm operations.
Key Areas of Responsibility
  • Daily recording of all financial transactions in Investran on a US GAAP basis for private equity fund structures and related entities
  • Cash management and bank account reconciliation
  • Calculation of capital calls, distributions, management fees, income, and expense accruals
  • Allocation of income in accordance with the terms of the fund agreements
  • Maintenance and reconciliation of intercompany transactions
  • Preparation and issuance of quarterly US GAAP financial statements for each entity
  • Preparation of quarterly work papers and any additional information in connection with the annual US GAAP audit
  • Assist with any regulatory and tax filings
  • Assist in providing information required to address investor requests and internal ad hoc requests
  • Maintenance of detailed data relating to investments, investors, and fund entities as required for internal and external reporting
  • Interact with various groups within the organization to obtain and provide timely information
  • Coordinate with fund administrators (if applicable) to ensure timeliness and accuracy of deliverables
  • Participation in special projects to enhance accounting, operations, and reporting processes
Qualifications
Required/Preferred Skills and Experience:
  • Bachelor’s degree in accounting or finance required
  • CPA preferred but not required
  • 5-7 years of experience in the fund administration of hedge and PE funds
  • Attention to detail and proven ability to follow standard procedures is a requirement
  • Ability to work independently with minimal oversight
  • Experience in problem-solving
  • Experience with accounting general ledger software is a plus
  • Command of Microsoft Excel and Excel Formulas experience
  • Knowledgeable computer skills including word processing, spreadsheets, and presentation software
  • Excellent oral and written communications skills
 
Benefits/Additional Info.
  • Medical. 
  • Dental.
  • Flexible Spending Account.
  • Life & Disability.
  • 401 (k) w/matching. 
  • Company Holidays & PTO (Vacation, Sick, & Personal).
  • Bonus Pay commensurate to performance.
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