Fund Administration Senior Manager

A fast-growing venture capital firm seeks a Fund Administration Senior Manager to join their dynamic team.

Responsibilities

As a Fund Administration Senior Manager, you will administer, report, review, and understand industry standards accounting areas of the client’s financial statements and investor reporting needs and, in so doing, will broaden your accounting, finance and analytical skills. You will communicate/interact with clients and their investors. You will prepare/review monthly, quarterly, and annual reports for investors, consultants and other stakeholders including financial information, performance returns, operations and variance analysis. You will develop leadership skills by actively taking part in decision making needs.

• Provide contracted accounting support for funds and their affiliates:
• Upload all cash activity to the appropriate fund entity.
• Book all accruals for the reporting period.
• Build and maintain support workpapers.
• Prepare period end financials for the client.
• Properly allocate income and expenses to investors.
• Correctly calculate management fees on a period-by-period basis, taking into account any side letter instructions.
• Correctly calculate carry accrual on a period-by-period basis, taking into account any side letter instructions.
• Prepare period-end capital statements for the client and/or investors.
• Prepare or update year-end financial statement footnotes for the client.
• Maintain consistent communication with the client.
• Communicate with investors when appropriate.
• Communicate with 3rd party vendors when necessary.
• Communicate with other client departments when necessary.
• Provide capital call and distribution services:
• Obtain call or distribution amounts from client and discuss any nuances related to the specific call.
• Properly allocate call and/or distribution balances to investors.
• Determine expenses to be called and properly allocate to investors.
• Book all capital calls and distributions to system.
• Prepare and provide capital call notices and/or distribution notices to the client or investors.
• Track capital call receipts and inform client of any variances to timing of receipt or amount of receipt.
• Provide audit, tax, marketing and due diligence support.
• Provide adhoc reports to client when requested.
• Dedicated to meeting project deadlines.

Qualifications

• Minimum 7 years of Fund accounting experience, including multi-tiered structures and investor reporting.
• Proficient in managing multiple Fund administration projects, problem-solving, and delivering effective solutions.
• Skilled in planning, implementing, and documenting processes, focusing on efficiency improvements.
• Experience in providing Management support for funds and affiliates, including:
• Reviewing and analyzing financial statements, investor statements, and supporting schedules, with the ability to prepare financial footnotes.
• Proficiency in analyzing company databases, IRRs, and returns, and effectively communicating results.
• Analyzing incentive fee calculations.
• In-depth understanding of investments within assigned Fund(s).
• Administering, reporting, reviewing, and understanding industry standards.

• Familiarity with Investran, QuickBooks, SAGE, CaseWare, and/or Appfolio is a plus.

Benefits

• Medical, dental, vision
• Generous PTO plan and paid sick time
• Flexible work arrangements
• 401K with Profit Sharing
• Wellness program
• Generous parental leave
• 11 paid holidays

Many of our job openings can be viewed at https://consultativesg.crelate.com/portal