Locations
La Jolla, San Diego, CA, USA
StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $570 billion of total capital allocations, including $134 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
Position Overview
The Senior Fund Accountant will support the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused. The Senior Fund Accountant will work closely with the Company’s Managing Director, Fund Accounting and Monitoring and Reporting teams.
Essential Job Functions:
This hands-on, detail-oriented position will:
- Prepare and review calculations of investor capital call and distribution notices
- Track daily cash activity, including setting up wire payments and daily cash projections
- Calculate management and performance fees
- Assist in the preparation quarterly unaudited and annual audited financial statements in accordance with GAAP
- Assist in the preparation of quarterly performance reporting
- Prepare workpapers and supporting documentation for the annual financial statement audit
- Compute and review partner allocations and produce capital account statements
- Support the investment 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
- Support various fund administrators and coordinate delivery of required reporting, etc.
- Understand partnership agreements and interpret reporting requirements and partner economics
- Calculate distribution waterfalls and carried interest
- Respond to investor requests in a professional and timely manner
- Perform other duties as requested or as responsibilities dictate
Education and/or Work Experience Requirements:
- CPA preferred
- Must possess a four-year college degree with a major in Accounting
- Two to four years of private equity partnership accounting experience
- Strong Microsoft Excel experience
Other Desired Skills/Attributes:
- Ability to multi-task and manage priorities against key deadlines
- Previous experience with Real Estate accounting, Investment Company Accounting and ASC 820 (FAS 157)
- Must be able to work independently, but contribute in a team-oriented environment
- Strong verbal and written communication skills
Salary Range: $80,000 - $100,000
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
About us
Working out of 24 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you’ll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
Developing People at StepStone
