Private Equity Accounting Job Description
Private Equity Accounting Duties & Responsibilities
To write an effective private equity accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included private equity accounting job description templates that you can modify and use.
Sample responsibilities for this position include:
Private Equity Accounting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Private Equity Accounting
List any licenses or certifications required by the position: CPA, CFA
Education for Private Equity Accounting
Typically a job would require a certain level of education.
Employers hiring for the private equity accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Education, Economics, Leadership, Mathematics, Administration, Management, Business/Management
Skills for Private Equity Accounting
Desired skills for private equity accounting include:
Desired experience for private equity accounting includes:
Private Equity Accounting Examples
Private Equity Accounting Job Description
- Be technically competent regarding complex, extensive, high profile transactions surrounding all PE Fund activity capital calls, distributions, management fees’ investment purchases, divestments, carried interest calculations, ensuring they are executed according to the LPA and standard accounting policies and procedures
- Implementation of fund structures on accounting systems
- Track cash receipts for portfolio company interest payments
- Assist in the preparation of templates, which will be included in quarterly filing and / or press release
- Maintain and update daily cash balances for fund of fund vehicles
- Assist with the co-ordination and documentation of quarterly valuation changes of fund investments
- Participate in and generate documentation of quarterly closing process and procedures
- Assist in compilation of quarterly financial statements for our funds
- Assist with the audit of our funds including working with our external auditors, fund administrators and other internal resources as necessary
- Generate reports and data requests out of our proprietary fund reporting system
- CPA or CA or 4 parts
- Establish and maintain client relationships as the primary contact for the Finance Department, ensuring a superior level of client service
- Maintain a working knowledge of assigned fund of fund portfolios and the investments within these portfolios
- Respond to client and fund investor questions and interact with Relationship Managers to ensure that the required level of client service is being provided
- Assist in the preparation of regulatory and tax filings
- Proficiency in Excel, Data Entry, and Basic Statistics
Private Equity Accounting Job Description
- Oversee portfolio valuation
- Coordinate month-end closing process
- Reconcile internal documentation to administrator workpapers
- Coordinate and oversee process between administrators and auditors for year-end audit and tax work
- Assist with year-end tax-work and interim tax estimates for PE and HF
- Monitor payment and reset notices from loan admin agents
- Reconcile / match cash inflows to administrator notices
- Analyze investment documents and properly set up investment structures
- You will calculate quarterly management fees, investigate and resolve client queries and by the liaison point for intermediaries including external lawyers and accountants
- You will coordinate and implement the year end audit process and any related queries around this process
- Knowledge of data mining techniques and database management required
- 2+ years work experience in similar industry and position
- Possess attitude necessary to succeed in team oriented environment
- Must be able to handle multiple assignments and meet deadlines
- Knowledge of VPM
- 3+ years experience out of a Private Equity Fund or Administrator
Private Equity Accounting Job Description
- Your client relationship skills are of the utmost importance and a key deliverable is to maintain and continually develop these relationships within your own portfolio either by phone, email or in face to face client meetings
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- Preparing quarterly and annual Fund financial statements
- Preparing capital call and distribution calculations
- Maintaining detailed capital account balances for partners
- Preparing wires, to be sent to Treasury, for Investment Funding to ensure funds flow through the structure correctly
- Recording daily and monthly activity in Investran
- Assisting in tracking investment cost and monitoring the fair value of the investments
- Preparation of support analyses for partnership activities to external auditors for year-end audits and partnership tax returns
- Assisting in maintaining Investment Track Record
- 2-5 years of investor relations experience in financial services OR
- Tracking of cash receipts for portfolio company interest payments
- Preparation of templates, which will be included in Blackstone’s quarterly filing and / or press release
- Strong leadership and change management attributes
- Your strong analytical and organizational skills the ability to problem solve allows you to work independently in teams
- You have excellent written and verbal communication skills that create and maintain strong, constructive relationships with business partners
Private Equity Accounting Job Description
- Utilize all department systems as required to complete & monitor daily and periodic functions including, but not limited to
- Reviewing and preparing quarterly and annual financial statements and partner capital recording packages, including all supporting work papers and disclosure documents
- Responsibility for ensuring that the financial statements or NAVs where relevant are prepared according to agreed standard and client specific procedures and timetables
- Responsibility for the set up and review of Fund Nav calculations including waterfall/carried interest calculations
- Responsibility for ensuring that the necessary controls are in place and adhered to in order to provide complete, accurate and timely fund administration services to our clients
- Assisting the financial Statements team with the preparation of annual financials and managing the audit process
- Involvement in the review and development of Procedures Manuals and operating frameworks
- Involvement in the review of prospective client documentation and assistance in the review of prospect profile documents
- Assistance with launching of new funds
- Responsibility for serving as a primary contact point for the client including overall responsibility for dealing with both client and custodian (where applicable) in respect of any queries
- You have high proficiency in MS Excel
- Ability to work on multiple projects concurrently and meet tight deadlines
- Experience Recording Acquisitions of Fixed Assets and Dispositions
- Calculating the Depreciation Amount of all Fixed Assets
- VC or PE Experience Required
- A qualified\part qualified accountant with proven experience in acccounting with exposure to US/Lux/UK GAAP and IFRS
Private Equity Accounting Job Description
- Strictly adhere to established departmental fund accounting processing procedures and controls
- Collaborate with fund accounting teams to understand and solve business problems and build scalable operations to meet the service needs of a large portfolio of clients
- Interpret fund legal documents (LPA, PPM, ) and translate into accounting requirements
- Preparation and signing off on NAV files to reviewer
- Provide input, maintains and monitors departments risk management and compliance programs for assigned team
- Establishes & cultivates working relationship with clients and partners
- Coordinates and participates in training presentations regarding area’s products and services with partners and conducts on-the-job training with staff
- Monitors turnaround times so that product/services are provided by due date
- Monitors and verifies account set up, maintenance and services for accuracy and completeness
- Reviews all bespoke, non-standard procedures for account processing
- Number of years work experience within financial services, with at least two years in a supervisory role
- Good working knowledge of the financial services Industry and the applicable regulations
- Knowledge of accounting systems FIS Investran and / or Advent Geneva
- Third level qualification in business related discipline , Professional Accounting qualifications desirable
- 4 years of related experience, including working with private equity
- Up to three years of accounting experience