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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.
Role Overview
The Senior Fund Accountant will support the day-to-day accounting and financial statements of the Company’s fund partnership vehicles. In this position, the Senior Fund Accountant will work with a team of accountants and various fund administrators. The Senior Fund Accountant will also work closely with the Fund Accounting Treasury and Operations teams along with the Investment Operations team.
Essential Job Functions:
This hands-on, detail-oriented position will:
- Assist in the review of calculations of investor cash flow activity including capital call and distribution notices
- Track daily cash activity, including setting up wire payments and daily cash projections
- Review management and performance fees
- Review of the quarterly unaudited and annual audited financial statements in accordance with GAAP/IFRS
- Assist in the review of quarterly performance reporting
- Review workpapers and supporting documentation for the annual financial statement audit
- Review partner allocations and capital account statements
- Support the investment team in the closing of transactions, including responding to information requests, review of allocations, review of reporting requirements and other support and analysis as needed
- Support various fund administrators and coordinate delivery of required reporting, etc.
- Understand partnership agreements and interpret reporting requirements and partner economics
- Correspond with Corporate Accounting / General Partners regarding accounting/reporting questions, or comments
- Review distribution waterfalls and carried interest
- Respond to investor requests in a professional and timely manner
- Assist tax department with Fund and investor K-1s review and various tax payments
- Perform other duties as requested or as responsibilities dictate
Education and/or Work Experience Requirements:
- A four-year degree (Level 8 on the NFQ) in Accounting or a closely related field is required.
CPA Ireland qualification is preferred. Equivalent professional accounting designations such as ACA (Chartered Accountants Ireland) or ACCA will also be considered. - Two to four years of private equity partnership or real estate fund accounting experience
- Strong Microsoft Excel experience
Knowledge, Skills, and Ability Requirements:
- Ability to multi-task and manage priorities against key deadlines in a fast-paced environment
- Previous experience with Real Estate accounting, Investment Company Accounting and ASC 820 (FAS 157)
- Must be able to work independently, but contribute in a team-oriented environment
- Strong verbal and written communication skills
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.
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