Client: Family Office - Private Wealth Management
Role: Senior Fund Accountant (Consultant)
Pay Rate: $50/hr - $55/hr
Location: Midtown, Manhattan (Hybrid - 2-3 days a week onsite)
Key Responsibilities: Fund Accounting & Financial Reporting
Manage full-cycle accounting for private investment funds, SPVs, co-investment vehicles, and family office legal entities.
Calculate and reconcile Net Asset Value (NAV) on a monthly, quarterly, and annual basis.
Prepare comprehensive financial statements (Balance Sheet, Income Statement, Statement of Cash Flows, Capital Statements) in compliance with US GAAP.
Maintain shadow accounting records to reconcile internal records with external fund administrators, custodians, and prime brokers.
Oversee capital calls, distributions, management fee calculations, performance allocations (carried interest/waterfalls), and investor capital accounts.
Family Office & Wealth Management Operations
Monitor cash flow, treasury operations, and liquidity management across family investment entities and operating accounts.
Track capital commitments, funded/unfunded capital, and distributions for underlying private equity, venture capital, and real estate fund investments.
Prepare customized performance and allocation reporting for family members, investment committees, and senior leadership.
Coordinate with tax advisors for year-end tax planning, K-1 preparation, tax allocations, and regulatory filings.
Audit, Tax & Compliance Support
Serve as the primary point of contact for external auditors during annual audits; prepare audit schedules and financial notes.
Ensure compliance with regulatory requirements, internal controls, and fund governing documents (LPA, PPM).
Participate in process improvement initiatives, system implementations, and workflow automation for the accounting function.
Qualifications & Requirements
Education:
Bachelor’s degree in Accounting, Finance, or a related field (CPA or active CPA candidate strongly preferred).
Experience: 2–4 years of fund accounting or private wealth management accounting experience.
Prior experience in public accounting (Big 4 or national firm) auditing private funds or family offices is highly desired.
Technical Expertise:
In-depth knowledge of US GAAP, partnership accounting, private equity/hedge fund accounting principles, and waterfall/carried interest mechanics.
Experience with multi-entity structures, trust accounting, and family office financial operations.
Proficiency in fund accounting and ERP platforms (e.g., Investran, Addepar, eFront, QuickBooks, SEI, NetSuite) and advanced Microsoft Excel skills (VLOOKUPs, Pivot Tables, financial modeling).
Soft Skills:
Exceptional attention to detail and strong organizational skills.
Ability to maintain absolute confidentiality and discretion when handling high-net-worth family sensitive data.
Excellent written and verbal communication skills to articulate financial results to non-accounting stakeholders.
