Fund Accountant - NA
Job Description
About Us
As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning The Other House in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.
With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.
Find out more about life at Alter Domus at careers.alterdomus.com
Key Responsibilities
Fund Accounting & Financial Reporting:
- Prepare monthly, quarterly, and annual financial statements for private equity funds in accordance with GAAP/IFRS
- Calculate and record management fees, carried interest, and performance allocations
- Manage capital calls and distributions to limited partners
- Reconcile bank accounts, investment positions, and partner capital accounts
- Prepare investor capital statements and maintain detailed investor records
- Record and maintain portfolio company investments at fair value
- Track acquisition costs, follow-on investments, and realized/unrealized gains and losses
- Coordinate with valuation teams for quarterly portfolio valuations
- Process investment transactions including purchases, sales, and dividend income
- Oversee fund cash management and forecasting
- Process expense allocations across multiple fund entities
- Manage inter-company transactions and fund-level expenses
- Ensure compliance with partnership agreements and fund governing documents
- You are degree level educated in a relevant area such Finance, Accounting or Economics.
- You may have some existing relevant experience in the fields of fund administration, audit or fiduciary services.
- You have knowledge of fund industry, valuation, and accounting.
- Minimum 2+ years of experience in Private Equity Funds, Preparing Financial Statements, worked on Waterfalls, Management Fees, Accurals, NAV Calculations, Cap Calls, Distributions.
- A basic knowledge in accounting for investment products, experience of closed ended funds in the real estate private equity or debt space will be considered as an asset.
- You have necessary understanding of securities commonly encountered in the fund industry, including equities, bonds, contract for difference, options, and futures, and the ability to account for these securities.
- You possess team spirit, a capacity to build strong client relationships and take initiative to act without waitingfor direction (when appropriate).
What We Offer
We are committed to supporting your development, advancing your career, and providing benefits that matter to you.
Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.
Our Global Benefits Also Include- Support for professional accreditations
- Flexible arrangements, generous holidays, plus an additional day off for your birthday!
- Continuous mentoring along your career progression
- Active sports, events and social committees across our offices
- 24/7 support available from our Employee Assistance Program
- The opportunity to invest in our growth and success through our Employee Share Plan
- Plus additional local benefits depending on your location
Equity In Every Sense Of The Word
We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong.
We celebrate our differences, and recognise that our success relies on diverse perspectives and experiences, as we work towards shared goals and a common purpose. We take pride in creating a workplace where all our people are empowered to be truly invested in the alternative and bring their whole selves to work.
We are committed to ensuring a welcomling recruiting and onboarding process for everyone. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you. Alter Domus is an Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)