Accountant

Our client, a leading financial services organization, is looking to hire an Alternative Investment Fund Accountant for a 12-month W2 contract opportunity.

Position Details

• Job Title: Alternative Investment Fund Accountant
• Duration: 12 months
• Employment Type: W2 Contract
• Pay Rate: $50-$53/hour W2
• Schedule: Hybrid - 3 days per week onsite
• Preferred Location: 100 Wall Street, New York, NY
• Alternative Locations:
• Hackensack, NJ
• Edison, NJ
• Interview Process: Microsoft Teams interview;

Parking Information:

• Free parking is available at the Hackensack and Edison locations.
• There is no free parking available at the Wall Street location; most candidates commuting to Wall Street use public transportation.

Role Overview

The Alternative Investment Fund Accountant will work as part of a team responsible for providing accounting, administration, and investor servicing for alternative investment funds, including hedge funds, private equity funds, and closed-end registered products.

The role will be responsible for supporting fund accounting activities, calculating and reporting Net Asset Values (NAV), maintaining accurate investor and partnership records, and preparing financial, audit, and tax-related schedules.

Key Responsibilities

• Calculate Net Asset Value (NAV) and disseminate financial and performance information to investment advisors and investors.
• Serve as the primary fund accountant for multiple fund relationships and ensure fund accounting activities are completed in accordance with Generally Accepted Accounting Principles (GAAP).
• Record trade information, income and expense activity, and apply appropriate valuation of securities within the portfolio accounting system.
• Enter and reconcile investor contributions and withdrawals within the partnership accounting system.
• Allocate fund-level profits to individual investors and assist with the preparation and distribution of investor statements.
• Review and coordinate fund expense analysis and expense processing.
• Prepare investor capital call and distribution schedules.
• Prepare management fee and carried interest allocation schedules.
• Prepare fund financial statements, audit schedules, and tax schedules.
• Review relevant sections of Limited Partnership Agreements (LPAs) and ensure fund accounting activities align with the terms of the agreement.
• Identify, research, and resolve accounting discrepancies and complex issues, escalating when appropriate.
• Manage multiple fund accounting activities, projects, and deadlines simultaneously.
• Collaborate effectively with internal teams, investment advisors, and other stakeholders.

Basic Qualifications

• Bachelor's degree in Accounting, Finance, Business, or a related field, or equivalent work experience.
• 2-5 years of related accounting experience, preferably in portfolio, fund, or partnership accounting.
• Strong understanding of accounting, financial reporting, and analysis.
• Ability to identify and resolve complex accounting issues with minimal guidance.
• Strong organizational skills with the ability to manage multiple priorities and deadlines.
• Effective verbal and written communication skills.
• Proficiency with Microsoft Office applications, particularly Excel.

Preferred Qualifications

• Experience with alternative investment, private equity, or hedge fund accounting.
• Experience with portfolio or partnership accounting.
• Experience calculating or reviewing NAV.
• Experience with investor accounting, capital calls, distributions, management fees, or carried interest.
• Experience reviewing or working with Limited Partnership Agreements (LPAs).
• CPA or CA preferred.
• Experience with PCS Investran or similar fund/portfolio accounting platforms.

Ideal Candidate Profile

The ideal candidate will have direct experience in fund accounting, alternative investments, private equity, hedge funds, or partnership accounting, along with a strong foundation in accounting and financial reporting.

Candidates with experience in NAV, investor allocations, capital calls, distributions, management fees, carried interest, and Investran are especially encouraged to apply.

Interested candidates should be comfortable working onsite three days per week at one of the listed locations.

#RTAProfessionalZip

For workers in the United States, PrideGlobal and it's affiliates offers eligible employee's comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, pet insurance and employee discounts with preferred vendors.

Equal Employment Opportunity

PrideGlobal and it's affiliates are an equal opportunity employer. We do not discriminate on the basis of the race, religious creed, color, national origin, ancestry, physical disability, mental disability, reproductive health decision making, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, veteran or military status, or any other characteristic protected by applicable federal, state, or local law.

Fair Chance Employment

PrideGlobal and it's affiliates are a Fair Chance employer. We consider all qualified applicants, including those with criminal histories, in a manner consistent with applicable state and local Fair Chance laws and ordinances, including, the California Fair Chance Act and all applicable local Fair Chance ordinances.

Accommodations

We are committed to providing reasonable accommodations to applicants and employees with disabilities. If you require a reasonable accommodation to participate in the application or interview process, or to perform the essential functions of this role, please contact us.

Only applicable for San Francisco Candidates: Under the San Francisco Lactation in the Workplace Ordinance, we will provide written notice of lactation accommodation rights, and this notice will automatically be given upon hiring, any inquiry of parental leave or lactation accommodation.

Only applicable for Kentucky positions: For this type of employment, state law requires a criminal record check as a condition of employment. This applies to direct care staff (Examples: RN, LPN, Nurse Aides, Therapists) referred to Kentucky nursing facilities, assisted living communities, or long-term care facilities, in accordance with KRS 216.793.