Private Equity Firm seeking a VP, Fund Accounting and Operations to join their team and contribute to their continued growth
Company: Part-time opportunity to join a small, collaborative and entrepreneurial company allowing a balance between work and personal commitments. Looking for experienced professionals to contribute their expertise while maintaining work-life balance.
Hours/Schedule: 15 hours/week with mostly remote work schedule; opportunity to participate in 401(k) plan and professional development opportunities and support for continued education
Job Type: Contract to Hire
Location Requirements: Hybrid with most of work being performed remotely; some on-site work in Boston office
Rate: Competitive Compensation
Job Description: Responsible for overseeing the financial and operational aspects of the management company and Funds including accounting, investor reporting, and compliance.
Responsibilities:
- Manage and review deliverables from the fund administrator, including quarterly/annual financial statements, capital account allocations, management fees, fund waterfalls, expense allocations, and capital calls/distributions
- Oversee capital call and distribution calculations and manage overall call/distribution process with the fund administrator
- Manage fund liquidity needs and forecasting, supporting capital calls, distributions, and investment planning
- Manage banking relationships and manage capacity on the Funds’ credit lines as well as borrowing base compliance/covenants
- Facilitate valuation process on a quarterly and annual basis with the investment team
- Coordinate with tax advisors and supervise preparation and filing of annual tax returns and other required tax filings
- Assist in the year-end audit process, working with the fund administrator and external auditors
- Manage side letter reporting requirements and help respond to ad hoc investor requests
Management Company
- Review quarterly/annual financial statements and supporting work papers from management company accountants
- Process invoices weekly and expense reports monthly
- Oversee payroll and other administrative financial tasks
- Manage banking and other vendor relationships
- Maintain and update budget and cash positions/projections
- Maintain accurate employee records, onboard new employees, work with outsourced benefits advisor to procure and managed health insurance and other HR benefits
- Work with outsourced compliance advisor and assist Chief Compliance Officer as needed
- Coordinate with tax advisors and supervise preparation and filing of annual tax returns and other required tax filings
- Assist in the year-end audit process, working with the management company accountants and external auditors
- Assist with special projects and ad hoc requests
Qualifications:
- Bachelor’s or Master’s degree in Accounting, Finance, Business Administration, or a related field
- Minimum of 5 years of experience in public accounting (ideally focused on private equity funds), private equity fund accounting and/or private equity fund operations
- Strong understanding of US GAAP and private equity accounting principles
- Excellent analytical, organizational, and communication skills
- Detail oriented
- Ability to work independently and as part of a team in a fast-paced environment handling multiple projects and deadlines
- A self-starter with the ability to work autonomously
- Proficiency in Microsoft Office (Excel, Word and PowerPoint)
FlexProfessionals respects and seeks to empower each individual and support the diverse cultures, perspectives, skills, and experiences of its candidate network. FlexProfessionals does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. The candidates whose resumes are shared with our business clients are selected on the basis of qualifications, merit, and business needs.
