Financial Services

Fund Accounting Senior Associate (Private Credit)

Boston, MAOnsiteFull TimeSeniorPosted 1 month agoVisa sponsorship available

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Required skills

fund accounting
financial statements
portfolio investment schedules
partner equity allocations
investment transactions
partnership agreements
audits
tax return review
fundraising
capital calls

Nice to have

QuickBooks

Role summary

This Fund Accounting Senior Associate position in Private Credit involves assisting with daily accounting operations and preparing fund-level financial statements. Key responsibilities include updating investment schedules, analyzing transactions, monitoring compliance with partnership agreements, assisting with audits and tax reviews, managing capital calls, and communicating with Limited Partners. The role requires a Bachelor's Degree in Accounting or Finance, 1-2 years of experience, strong academic performance, and proficiency in Microsoft Excel. Familiarity with QuickBooks is a plus. The company offers comprehensive benefits and a flexible work environment.

Job Description:

Reporting to one of the managers, this position will assist in the day-to-day operations of the accounting department and prepare fund-level financial statements.

Essential Functions:

Prepare financial statements for several domestic and offshore fund families, which includes updating portfolio investment schedules, partner equity allocations and analyzing complex investment transactions

Help with the internal semi-annual portfolio review process, analyzing and tracking partnership and portfolio company financial performance

Monitor compliance with complex partnership agreements

Assist with audits, tax return review, fundraising and annual meeting activities

Determine cash needs of partnerships and initiate capital calls

Electronically distribute financials, K1s, capital call and distribution notices to Limited Partners

Perform special projects as requested by the General Partners and Controllers

Interact with and respond to ad hoc limited partner requests

Minimum Requirements:

Bachelor’s Degree in Accounting or Finance related field

1-2 years of experience in a full-time role

Strong academic performance (minimum 3.0 GPA)

Proficiency in Microsoft Office applications, particularly Excel

Familiarity with QuickBooks (not required, is a plus)

Knowledge of various investment accounting concepts

Attention to detail

Ability to multitask

Ability to work in a team and individually

Ability to effectively communicate to team members

Strong organizational skills and work ethic

Benefits (US):

Comprehensive medical, dental, vision coverage, along with life insurance, Health Savings Account and Flexible Spending Account options

Comprehensive disability/maternity and paternity plans

401K

Flexible Vacation Plan

Sick Time Accrual Plan

Standard holidays along with year-end office closure

A flexible work environment for all employees

Compensation (varies by location):

Boston: $74,000+

*Actual compensation will be dependent upon the individual's skills, experience and qualifications.

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Fund Accounting Senior Associate (Private Credit)

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Required skills

Nice to have

Role summary

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