Associate, Fund Accounting

Overview

Support the administration and financial operations of private equity funds by assisting in the preparation of net asset valuations (NAVs), portfolio valuations, capital calls, distributions, investor allocations, and management fee calculations. Maintain accurate fund accounting records, perform reconciliations, and contribute to financial reporting, audit support, and client deliverables. Ensure all activities are executed in compliance with fund governing documents, valuation policies, regulatory requirements, and internal control standards while delivering high-quality service to stakeholders.

Key Accountabilities and main responsibilities

Strategic Focus

• Support the preparation and review of Net Asset Values (NAVs), fund accounting records, accruals, and account reconciliations to ensure timely and accurate financial reporting.

• Assist in the valuation of portfolio investments by applying established valuation methodologies, validating pricing inputs, and ensuring adherence to fund documentation, accounting standards, and valuation policies.

• Execute and monitor investor transactions, including capital calls, distributions, subscriptions, redemptions, and investor allocations, while maintaining accurate investor records and reporting.

• Calculate management fees, carried interest, and distribution waterfall allocations in accordance with fund governing agreements and partnership terms, ensuring accuracy and transparency.

Operational Management

• Deliver NAVs, valuations, and fund accounting activities accurately and within established timelines.

• Maintain data accuracy through reconciliations, reviews, and compliance checks.

• Collaborate with clients, auditors, and internal teams to ensure timely delivery of key deliverables.

• Ensure adherence to fund documentation, valuation policies, and applicable regulatory requirements.

• Effectively prioritize tasks and manage deadlines across multiple funds and reporting cycles.

• Support operational efficiency initiatives and process improvement efforts.

• Prepare client deliverables, audit support documentation, and regulatory reporting packages.

• Leverage Excel and fund accounting systems to enhance operational efficiency and reporting accuracy.

• Collaborate with global client service teams in accordance with established procedures to ensure consistent service delivery.

• Provide clear and timely updates and respond effectively to stakeholder requests.

• Build and maintain strong working relationships with clients and internal stakeholders.

• Demonstrate ownership of assigned deliverables and consistently meet deadlines.

• Support team development by sharing knowledge and best practices.

• Contribute to team objectives and provide support to colleagues as needed.

Governance & Risk

• Ensure adherence to fund documentation, valuation policies, and applicable regulatory requirements.

• Identify, assess, and mitigate operational, valuation, and reporting risks.

• Maintain a strong control environment through reconciliations, reviews, and validation processes.

• Ensure the accuracy and completeness of financial and investor records.

• Support audits and regulatory reviews by providing timely and accurate documentation.

• Promptly escalate and resolve exceptions, discrepancies, and control gaps.

• Comply with established procedures, service standards, and governance frameworks.

• Deliver high-quality service and foster trusted stakeholder relationships.

• Continuously enhance fund accounting, reporting, and technical expertise.

Experience & Personal Attributes

Experience

• 0–2 Years – Accounting, fund administration, audit, or financial services experience.

• Exposure to private equity, investment funds, or financial reporting is an asset.

• Experience with NAV Preparation – Understanding of fund accounting principles and NAV calculations.

• Reconciliation Experience – Cash, security, and portfolio reconciliation experience preferred.

• Financial Reporting Exposure – Experience supporting audits, financial statements, or regulatory reporting is beneficial.

• Microsoft Excel – Strong proficiency required, including financial analysis and data management.

• Professional Qualifications – CPA, ACCA, CMA, or progress toward a designation is considered an asset.

Personal Attributes

• Produces accurate, high-quality work with minimal errors.

• Able to assess complex financial data and identify discrepancies.

• Takes ownership of responsibilities and follows through on commitments.

• Effectively manages multiple deadlines and priorities.

• Proactively identifies issues and implements practical solutions.

• Communicates clearly and professionally with clients and colleagues.

• Works effectively in a team-oriented environment and supports shared goals.

• Responds well to changing priorities and evolving client needs.

• Demonstrates a service-oriented mindset and commitment to delivering value.

• Shows initiative in developing technical knowledge and industry expertise.

• Maintains confidentiality, ethical standards, and professional conduct.

• Performs well under pressure in a fast-paced, deadline-driven environment.