Gen II Fund Services→
Fund Accounting Manager at Gen II Fund Services in Dallas, TX
Job Description
Fund Accounting Manager
Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund Accounting Manager to join our growing team. At Gen II, you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor teams supporting top-tier sponsors while driving process improvements, expanding your expertise, and contributing to the continued success of one of the industry's most respected platforms.
Your leadership will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.
Primary Responsibilities Will Include:
- Work closely with the Director/ Managing Director managing daily Fund Operations
- Manage the operations and accounting of an existing fund independently
- Ability to interface and manage a client/ business with limited guidance
- Familiar with LPA and other Governing Able to extract key economics, compile, and document a thorough summary with limited guidance
- Able to supervise, manage, and direct a small accounting staff, if required
- Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in-depth review and sign off prior to Director/Managing Director review
- Perform multiple levels of review/analyses of Financial Reports/Capital Events and Private Equity Complex Transactions (depends on client and team)
Job Requirements, Skills, Education and Experience:
- Bachelor’s degree in Accounting, Economics and/or Finance
- 7+ years of relevant Private Equity Fund/Investment Company Accounting & Reporting experience
- Ability to learn on-the-job quickly, apply learning to clients and recommend solutions to issues
- Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
- Management and supervisory experience
- Excellent verbal, written and interpersonal communication
- Strong attention to detail and accuracy
- Superior problem solving, judgment and decision-making skills
- Ability to think independently, prioritize, multi-task and meet
- Extensive Microsoft suite skills - Excel (pivots), Word, PowerPoint, and Outlook
Preferred Experience:
- CPA
- Sound knowledge of Investment Company Accounting (ASC 946), Economics (Waterfalls and Allocations), Fund Structure (Corporate, Partnership, Tax Blockers, etc. within an Organization Chart) / Investor Classifications
- Sound knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in US GAAP (ASC 946) and IFRS Ability to Prepare and review
- Sufficient knowledge and hands on experience with governing documents, such as LPAs, Advisory Agreements, Side Letters, Separate Fee agreements, etc.
- Hands on experience accounting/audit of private equity funds (including blockers, Parallel, SPV, AIV, Co- Investment Vehicles) management companies, and other related vehicles
The salary range for this position is $90,000-$170,000 in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.
Work Arrangement
All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule, comprised of three (3) days a week in our office and two (2) day remotely..
About The Company
Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $1 trillion of private capital on behalf of its clients with 14 offices across the US, Canada and Europe. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to effectively manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.
Key Facts:
- Administering over $1T in assets
- Servicing nearly every significant investor in the asset class
- Institutional grade infrastructure and SSAE 18 (SOC-1, Type 2) certification, ensuring confidence in our processes and operating model
- The most experienced and best performing team in the industry