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Full-Time

Fund Accounting Manager

Private Equity

Confirmed live in the last 24 hours

StepStone Group

StepStone Group

1,001-5,000 employees

Global private markets investment firm

Venture Capital
Financial Services
Real Estate

Compensation Overview

$105k - $130kAnnually

Senior

Charlotte, NC, USA + 1 more

Category
Cost Accounting
Financial Accounting
Management Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting
  • CPA and/or MBA Preferred
  • A Bachelor’s Degree in Accounting with 5-7 years' professional accounting experience
  • Ability to multi-task and manage priorities against fast-paced key deadlines
  • Ideal candidates will have experience with SEC registered investment advisors
  • Must be able to work independently but contribute in a team-oriented environment
  • Previous experience with Investment Company Accounting and ASC 820 (FAS 157) and FIN 48
  • Strong Microsoft Excel experience
  • Experience training and managing junior professionals and reviewing the work of others
Responsibilities
  • Manage and oversee a portfolio of funds, which includes but is not limited to:
  • Review work prepared by the fund administrator
  • Reviewing accounting entries from the Fund Administrator’s accounting and reporting systems
  • Reviewing and reconciling cash and investment accounts with General Partner reports
  • Reviewing of investment partnership reports
  • Reviewing and reconciliation of capital account activity
  • Review quarterly unaudited and annual audited financial statements in accordance with GAAP
  • Coordinate preparation of annual audits with outside CPA firm
  • Review partner allocations and capital account statements
  • Manage process for delivering quarterly and annual investor reports and other ad-hoc communications
  • Review performance reports prepared by the SPAR team
  • Calculate and distribute investor capital call and distribution notices
  • Understand partnership agreements and interpret reporting requirements and partner economics
  • Calculate management fees, distribution waterfalls and carried interest
  • Corresponding with General Partners regarding accounting/reporting questions, or other issues, as necessary
  • Corresponding with underlying investors regarding questions, requests, etc.
  • Respond to investor requests in a timely manner
  • Perform other duties as requested or as responsibilities dictate
  • Perform Treasury management functions, including
  • Review and/or approve wire templates and wires
  • Monitor the Fund’s cash positions and prepare cash projections as needed
  • Manage the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, review of interest and unused fee calculations
  • Perform other duties as required, including but not limited to:
  • Review of K-1s and support for tax reporting and analysis of tax matters
  • Support for the Compliance team, including preparation of materials for ADV, Form PF, SLT, etc.
  • Support for other departments across StepStone

StepStone Group manages a large amount of private capital, focusing on private equity, infrastructure, real assets, real estate, and private debt. The firm develops tailored investment portfolios for sophisticated investors by using a disciplined research approach. This approach combines different types of investments, including primary investments, secondary market purchases, and co-investments, to create diversified portfolios. StepStone stands out from its competitors by its emphasis on customization and thorough research, ensuring that each portfolio aligns with the specific needs and goals of its clients. The main goal of StepStone is to provide effective investment solutions that maximize returns for their clients.

Company Stage

N/A

Total Funding

$2.6B

Headquarters

New York City, New York

Founded

2007

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Simplify's Take

What believers are saying

  • StepStone's recent successful fundraises, such as the $3.3 billion VC Secondaries Fund VI, indicate strong investor confidence and financial stability.
  • The firm's involvement in high-profile funding rounds, like the $40M Series B for Transcend, showcases its influence and ability to attract promising investment opportunities.
  • StepStone's extensive asset management portfolio of over $91 billion provides employees with exposure to a wide range of investment strategies and sectors.

What critics are saying

  • The competitive landscape of private markets requires StepStone to continuously innovate to maintain its edge over other global investment firms.
  • The complexity of managing a diverse portfolio that includes primaries, secondaries, and co-investments can pose operational challenges.

What makes StepStone Group unique

  • StepStone Group's focus on creating customized portfolios through a disciplined, research-focused approach sets it apart from competitors who may offer more generic investment solutions.
  • The firm's integration of primaries, secondaries, and co-investments provides a diversified investment strategy that mitigates risk and enhances returns.
  • StepStone's global presence, with offices in major financial hubs, allows it to leverage local market insights and opportunities, unlike firms with a more regional focus.