The Fund Accounting Team Leader will perform the functions outlined below:
Specific Duties and Responsibilities:
- Supervise Senior Associate work streams/deliverables
- Prepare general partner tasks as described below
General Partner Tasks:
- Prepare and review work paper files for accuracy and completeness, including capital activity, investment activity, income, fund flow through expense and direct expense allocations
- Oversee maintenance, preparation, and review of investor allocations and capital account statements by deal by fund
- Prepare/review deal by deal capital calls, allocations/distributions, allocate expenses, and prep investor capital notices
- Prepare and review and assist with tracking and maintaining carried interest issuances, updating deal by deal carry, re-allocating carry for issuances and forfeitures based on each fund's allocation rules, calculating vesting by deal by fund
- Summarize key provisions from fund agreements such as allocation methodology, clawback provisions and holdback requirements, expense policies and methodologies
- Prepare and review monthly cash reconciliations for numerous funds. This requires downloading bank cash activity, tracking expense reserves, tax withholdings and payments and other reconciling items
- Oversee and review the recording of monthly journal entries in Investran based on the capital activity
- Prepare and review quarterly trial balances and reconcile fund accounting workpapers as well as general partner's year-to-date and life-to-date capital activity summary and reconciliations
- Prepare and maintain tax withholdings and payments by investor, fund and legal entity
- Prepare and maintain year-to-date and life-to-date capital activity
- Prepare and maintain the General Partner commitment tracker by Fund
- Assist with ad-hoc reporting needs.
Requirements
- Bachelor's degree in accounting
- Previous General Partner Accounting experience or at minimum, Fund accounting experience
- 6-10 years experience in accounting, with a focus in private equity
- 1-3 years supervisory experience
- Demonstrate a strong knowledge of accounting, with a focus on private equity funds
- Good English, oral and written, communication skills
- Proficiency in Microsoft Office suite, with strong Microsoft Excel skills
- Proficiency in Investran required
- Understanding accounting and finance process flows and how information is consolidated into the general ledger, to ensure improvement and value creation
- Initiative to learn, ask questions, operate in a fast-paced environment, challenge the status quo
- High attention to detail, accuracy and timeliness with proven ability in managing multiple deliverable timelines concurrently
- Ability to delegate tasks and work requirements to resources ensuring clear responsibilities, deadlines and deliverables
- Ability to own and complete various workstreams
- Ability to provide valuable insight and assist with initiatives Ability to follow procedures
- Ability to meet assigned deadlines
- Strong communications skills
- Self-motivated / energetic individual
- Experience with DealCloud CRM platform a plus
Additional information about this role:
- M-F / Night Shift
- RTO 2-4x a month in Pasay
- Work Equipment provided
- Interviews are done via Google Meet/Zoom
- HMO Coverage
