Note: The job is a remote job and is open to candidates in USA. Russell Tobin is recruiting for an investment services organization supporting private equity and hedge fund clients. The Fund Accounting Manager will oversee fund accounting operations, client deliverables, and fund administration while managing and developing an accounting team. The role also involves client relationship management, financial reporting oversight, audit coordination, compliance, and process improvement.
Responsibilities
- Serve as a primary client contact for domestic and offshore private equity, hedge fund, and alternative investment fund accounting and administration
- Oversee the accounting and administration of assigned funds while ensuring accurate and timely client deliverables
- Manage the allocation and delegation of work across fund accounting teams
- Coordinate the onboarding and setup of new funds and converted client relationships
- Review and approve month-end valuations, reconciliations, financial reports, and accounting packages prior to client delivery
- Ensure fund accounting records and reporting comply with applicable GAAP standards
- Coordinate and support annual fund audits and work closely with auditors, investment managers, and other service providers
- Review fund transactions and ensure adherence to applicable regulatory, compliance, and Anti-Money Laundering requirements
- Authorize fund-related wire payments and oversee appropriate controls surrounding fund activity
- Respond to client questions regarding transactions, accounting activity, financial statements, reporting, and fund administration
- Partner with investment managers, transfer agents, internal operations teams, technology teams, and external vendors to resolve accounting or system-related issues
- Lead, coach, and develop supervisors and analysts through regular one-on-ones, performance reviews, training, and career development
- Assess staffing needs and participate in interviewing, hiring, performance management, and team development
- Support business development and relationship management teams during prospect meetings, client presentations, and onboarding discussions
- Identify opportunities to improve internal processes, workflows, controls, and overall client service
Skills
- Bachelor's degree in Accounting, Finance, Business, Economics, Mathematics, or a related discipline - or equivalent professional experience
- 5+ years of experience within the fund services industry
- Experience supporting alternative investments, including private equity and/or hedge funds, is required
- 2+ years of supervisory or people management experience
- Working knowledge of fund accounting, financial reporting, valuations, reconciliations, and audit processes
- Intermediate or stronger Microsoft Excel skills
- Strong client service and relationship management skills
- Excellent written and verbal communication
- Strong attention to detail and commitment to accurate financial reporting
- Ability to manage multiple funds, deadlines, and client priorities simultaneously
- Strong organizational and problem-solving skills
- Experience leading and developing accounting teams
- Ability to collaborate effectively with internal teams, investment managers, auditors, and external service providers
- Curiosity and critical thinking when identifying accounting issues or opportunities to improve processes
- Flexibility and adaptability as client requirements and business needs evolve
- A proactive, collaborative approach to team leadership and client service
Benefits
- Hybrid schedule for candidates within a reasonable commuting distance of the Oaks, PA office, with Tuesday, Wednesday, and Thursday in office and Monday and Friday remote
- Fully remote work for candidates who do not live near the Oaks office
- Medical coverage
- Dental coverage
- Vision coverage
- Prescription coverage
- Wellness resources
- Employee Assistance Program (EAP)
- FSA options
- Life and disability insurance with premiums paid for base coverage
- 401(k) match
- Education assistance
- Commuter benefits
- Up to 11 paid holidays per year
- 21 days of PTO annually for new hires, prorated based on start date and increasing over time
- Paid parental leave
- Back-up childcare
- Paid volunteer days
- Discounted stock purchase plan
- Investment options
- Professional development resources
- Access to employee networks
- Supplemental accident insurance
- Critical illness insurance
- Hospital indemnity insurance
- 401(k) retirement savings
- Life and disability insurance
- Legal support
- Pet insurance
- Employee discounts with preferred vendors
Company Overview