Senior Fund Accountant - Private Wealth
About the position We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed. Position Overview: The Senior Fund Accountant will support the day-to-day fund accounting, valuation, analysis and oversight of US and non-US Funds. The Senior Fund Accountant will work closely with StepStone Private Wealth Fund Accounting and StepStone Group Monitoring and Reporting teams. Essential Job Functions: This hands-on, detail-oriented position will:
Responsibilities
- Track daily investment activity, including funding investments and overseeing investment related expenses
- Managing investment portfolio forecasts, GAAP, accruals and comparison to actuals
- Provide assistance with updates to portfolio management data (SPI) based on daily reconciliations
- Assist in the preparation of monthly Valuation Committee materials
- Oversee communications with deal teams regarding investment valuations and GP updates
- Complete operational due diligence on each GP/investment
- Assist in the preparation and sign-off of net asset values
- Prepare workpapers and supporting documentation for the annual financial statement audit
- Support the accounting team in the closing of transactions, including responding to information requests, review of allocations, review of reporting requirements and other support and analysis as needed
- Track daily cash activity, including prompting administrator wires and overseeing invoice/expense payments
- Managing fund forecasts and comparing to actuals
- Reconcile foreign exchange hedge positions for accuracy, timely break resolution, and compliance with fund accounting policies
- Support various fund administrators and coordinate delivery of required reporting, etc.
- Respond to sub-adviser and team member requests in a professional and timely manner
- Assist with daily work associated with accounting and reporting functions
- Assist with preparation of company dashboards and board decks
- Perform other duties as requested or as responsibilities dictate
Requirements
- Must possess a four-year college degree with a major in Accounting
- Three to five years of accounting or audit experience
- Strong verbal and written communication skills
- Strong Microsoft Excel experience
- Ability to multi-task and manage priorities against key deadlines
- Must be able to work independently, but contribute in a team-oriented environment
Nice-to-haves
- Previous experience with Investment Company Accounting and ASC 820 (FAS 157) preferred
- CPA preferred