Fund Accountant

  • Location: Washington, DC
  • Type: Perm (Contingency)
  • Job #30996

Compensation: $120,000-$135,000 + bonus

Location: Washington, DC

Capital market company is seeking a Fund Accountant to join its team.  The new hire will be Responsible for portfolio administration, fund accounting, and oversight of the firm-managed funds as well as related special projects.

Highlights About the Company & Position:

  • Prepare data flow, capital calls, distributions, payments, and investment funding.
  • Prepare fund cash forecasts and coordinate capital call process.
  • Tracking of fund-level leverage utilization; preparing borrowing notices, borrowing base calculations, and preparing other leverage facility reconciliations and tracking.
  • Assist with preparation of transaction memorandum for documenting divestitures, restructuring, loan prepayments, and other analyses that are to be communicated to management, investors, and back office accounting service providers.
  • Assist in the analysis and interpretation of deal documentation for accounting and financial reporting purposes, including accurate computation of management fees and application of distribution waterfall to calculate incentive allocations and performance returns.
  • Responsible for reconciling and tracking monthly investment activity, expense budget, accruals, management fees and carried interest calculations, etc.
  • Assist tax department in preparation of Fund and investor tax returns as well as the calculation of deferred and current entity level tax provisions.
  • Prepare accounting position/technical research papers.
  • Work closely with outsourced back office functions and custody service providers daily.
  • Assist capital development team and investor relations in meeting client service needs.
  • Calculate fund and portfolio level performance metrics and prepare monthly performance flash reports.
  • Provide support to the Accounting and Finance team in identifying, documenting, and updating the group’s system of internal controls processes and procedures.


  • Bachelor’s degree (BA or BS) in Business, Finance, Accounting, or Economics; CPA license or equivalent a plus.
  • 2-4 years of financial services, investment analysis/accounting experience; BIG 4 public accounting or fund administration a plus.
  • Demonstrated knowledge of GAAP as it relates to the asset management industry (IFRS knowledge is a plus).
  • Demonstration of strong mathematical, analytical, and problem-solving skills.
  • Excellent verbal, written, and interpersonal communication skills, including relationship management.
  • Demonstrated organizational and time management skills.
  • Demonstrated ability to work independently, with little supervision in a fast-paced environment.
  • Demonstrated understanding, knowledge of, and experience reading and interpreting contracts a plus.
  • Demonstrated understanding of investment products, alternative investments, and securities operations a plus.
  • Demonstrated proficiency with Microsoft Office, including specific expertise with Word and Excel Physical Requirements.
  • Normal office environment requiring the use of typical business equipment (e.g., computer, telephone, fax, copier, security system).

Note: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.

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Job ID: 30996