Fund Accountant


This position will be a member of a 28-person Portfolio Valuations, Accounting & Reporting (“PVAR”) department. This department is responsible for the accounting of eleven investment partnerships including the valuation of public and private assets, fee calculations, income allocations, the preparation of GAAP financial statements, and other client and management reporting.

Responsibilities Summary

This Senior Portfolio Accountant position is a new role created to act primarily as a direct liaison with a third party administrator (TPA) who will be maintaining partnerships’ books in a shadow capacity. The person in this role will be responsible for the review of investment valuations, fee computations, various accruals, and income allocations performed by the administrator. The person in this role will also help in managing the terms of PVAR’s service level agreement with the TPA. As a senior accountant, the candidate will be expected to provide oversight and training to other accountants with respect to the review of monthly valuations, partnership financial statements, and reconciliations between the primary and shadow books and records.

Other Specific Responsibilities

  • Monitor partnership accounting operations on a daily basis and work to resolve breaks between the primary (internal) and the shadow (administrator) books and records

  • Verify tax lots of investments are maintained accurately by the fund administrator

  • Verify market value of portfolio using independent pricing sources

  • Review and ensure new investments are properly set up for accounting and valuation purposes

  • Review expenses for proper allocation and accounting treatment

  • Assist with the production of annual GAAP financial statements

  • Peer review work of other Portfolio Accountants

  • Work closely with PVAR managers to create thoughtful and effective controls and workflows

The ideal candidate for the role should possess the following characteristics and qualifications:

  • Strong background in investment fund accounting; experience with fund administrator preferred

  • Expertise in a broad range of assets including fixed income, derivatives, and real estate

  • Strong organizational skills leading to an ability to manage time-sensitive deliverables

  • Excellent communication skills, interpersonal skills, and documentation skills

  • Strong analytical and computing skills (notably Excel)

  • Experience with fund accounting and reporting software such as Total Return or Geneva is a plus

  • Undergraduate or graduate degree, preferably in accounting with 5+ years of experience

  • CPA preferred, but not a requirement

This is an excellent opportunity for the person who is detail-oriented, enjoys getting involved in all aspects of accounting and valuation related projects, and appreciates the benefits of working in the dynamic environment of a very successful firm.

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