We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
The Fund Accountant will support the day-to-day accounting, NAV calculations and financial statements of the Company’s International retail investment funds. The Fund Accounting Manager will work closely with the Company’s investment operations team, legal and compliance, EY tax and audit, reporting and Northern Trust (fund accounting and administration).
Essential Functions:
This hands-on, detail-oriented, dynamic position will:
- Track daily cash activity, including prompting administrator wires, funding investments and overseeing invoice/expense payments
- Managing fund forecasts, weekly accruals and assessing against actuals
- Monitoring and updating total expense rations
- Oversight of expense limitation agreements (waiver and recoupment)
- Updating weekly cash projections and liquidity analysis
- Assist with updates to portfolio management data (SPI) and weekly reconciliation
- Assist in the preparation of semi-annual unaudited and annual audited financial statements in accordance with GAAP
- Oversight of subscription currency hedging process
- Assist in the preparation of weekly net asset value (“NAV”) and monthly NAV reporting
- Prepare workpapers and supporting documentation for the annual financial statement audit
- Implement Offering Memorandum and investor side letter updates to weekly fund accounting
- Support fund administrators and coordinate delivery of required information, etc.
- Review monthly administrator reporting; evaluate any risks
- Respond to investor, sub-adviser and team member requests in a professional and timely manner
- Assist with daily work associated with accounting and reporting functions
- Process, track and summarize expenses across all funds
- Assist with preparation of company dashboards and board decks
- Oversee monthly accounting and reporting of Australian feeder funds
- Perform other duties as requested or as responsibilities dictate
- Report to International Accounting Manager
Education and Experience Requirements:
- Must possess a four-year college degree with a major in Accounting
- Minimum of six years of accounting or audit experience in asset management, fund accounting/administration ore alternative assets
Knowledge, Skills, and Ability Requirements:
- Strong verbal and written communication skills
- Astute attention to detail
- Strong Microsoft Excel experience
- Ability to multi-task and manage priorities against key deadlines
Other Attributes:
- Must be able to work independently, but contribute in a team-oriented environment
At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
