Fund Accountant in Raleigh at Vaco

Date Posted: 3/16/2020

Job Snapshot

  • Employee Type:
  • Location:
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

Fund Accountant

Our client is seeking a Fund Accountant to join their team. The ideal candidate will have 3+ years of accounting experience in the investment industry; investment management experience preferred. The primary responsibility will be to assist the Accounting Department in maintaining strong fund accounting records and to perform operational duties as need. This is an excellent opportunity with a highly reputable company, very competitive compensation and a great company culture. This position is a full-time, direct hire opportunity.


* Track daily cash activity, including setting up wire payments and daily cash projections
* Calculate management and performance fees
* Assist in the preparation quarterly unaudited and annual audited financial statements in accordance with GAAP
* Assist in the preparation of quarterly performance reporting
* Prepare workpapers and supporting documentation for the annual financial statement audit
* Compute and review partner allocations and produce 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
* Calculate distribution waterfalls and carried interest
* Respond to investor requests in a professional and timely manner
* Perform other duties as requested or as responsibilities dictate

Education/Experience Requirements:

* A Bachelor's Degree in Accounting with 1-2 years' professional accounting experience
* Utilization of QuickBooks or other accounting based software
* Experience in the reconciliation of cash activity
* Knowledge of accounting principles and financial reporting concepts
* Strong Microsoft Excel experience