StepStone Group

Manages private market investments for investors

Associate – Fund Accounting - Private Debt

Financial AccountingConfirmed live in the last 24 hours

Full-timeDublin, IrelandNo salary listedIn-person

About the Job

Requirements

Four to six years of experience in a comparable role.
A bachelor's degree in finance, accounting, or a mathematical-related subject.
Knowledge of the private debt, private equity, or hedge-fund sectors.
Experience in audit, fund accounting, and/or custody in one of the stated sectors.
Good analytical skills with a flair for processes and good information technology skills.
Ability to prioritize activities while working on multiple projects and achieve target deadlines.
Strong interpersonal, collaborative, and investor servicing skills.
Effective communication skills and strong problem-solving skills.
Highly proficient in using Excel, Word, and other Microsoft Office programs.
Experience with foreign-exchange hedging and complex fee-calculation models.

Responsibilities

Perform a final review before the release of net asset value valuations of private debt funds and fund of funds through shadow accounting.
Review complex management-fee and performance-fee calculations in depth.
Review and maintain all fund holdings for inclusion in net asset values and periodic investor reporting.
Continuously review controls to mitigate risk internally and externally.
Monitor and review foreign-currency hedging activities within the portfolio and the effects of foreign-exchange neutralization within the net asset value.
Budget and track fund fees and expenses periodically.
Track and monitor subscriptions, redemptions, capital calls, withdrawals, dividends, and other transactions to ensure they are applied in the appropriate period.
Collect and reconcile data from and between the Investment Advisor, Investment Manager, and Fund Administrator, including filing and input into the proprietary database.
Ensure the quality and integrity of data inputs through reasonableness checks.
Assist with the development of junior staff.
Assist in producing client reports for a variety of portfolios and ensure their quality and timeliness, including internal and external coordination regarding report content.
Perform other duties as requested or as responsibilities dictate.
Continuously improve the overall process through efficiencies and collaboration.
Review and perform monthly internal rate of return checks, ensure they are within expectation, and highlight exceptions to relevant internal teams.
Actively participate in the onboarding and offboarding of funds from inception through liquidation.

Desired Qualifications

Experience with Investran.
An accreditation such as ACCA, ACA, CFA, CPA, CIA, or CAIA.
Passion for fast-paced learning, especially in a technology-enabled environment.
Strong analytical skills with a flair for processes and good information technology skills.

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 Associate of StepStone Private Debt – Fund Accounting in Dublin will be responsible for performing shadow accounting of StepStone funds, will oversee all activities related to a fund on a daily basis and will coordinate and reconcile with the fund administrators. The Associate will be in contact with professionals across the company and will work closely with team members in other StepStone offices and Departments on a regular basis.

Essential Job Functions:

Perform a Final Review before release of NAV valuations of private debt funds and fund of funds (Shadow accounting)
In-dept review of complex management and performance fees calculation
Review and maintain all fund holdings for inclusion in both NAVs and periodic Investor reporting
Continuous review of controls in place with the objective of mitigating risk both internally and externally
Monitor and review foreign currency hedging activities within the portfolio and the effects of FX Neutralisation within the NAV
Budget and track fund’s fees and expenses periodically
Track and monitor subscriptions / redemptions, capital calls, withdrawals, dividends, etc. are applied at the appropriate period.
Collect and reconcile data from and between Investment Advisor, Investment Manager and Fund Administrator; filing and input into the proprietary database
Ensure quality and integrity of the data inputs through reasonability checks
Assist with development of junior staff
Assist in client reports production for a variety of our portfolios and ensuring quality and timliness thereof; internal as well as external coordination regarding the content of the individual reports
Perform other duties as requested or as responsibilities dictate
Continuously work towards improving the overall process through efficiencies and collaboration
Review and perform monthly IRR checks to ensure these are within expectation and highlight areas where this is not achieved with the relevant internal teams
Actively be involved in the Onboarding and Offboarding of Funds from inception to liquidation

Education and/or Work Experience Requirements:

4-6 years in a comparable role
Bachelor degree in finance, Accounting or mathematical-related subject

Required Knowledge, Skills, and Abilities

Demonstrates commitment, accuracy and attention to detail, even in a high-volume, fast-paced environment
Highly motivated with a passion for the industry
Knowledge of the private debt- / private equity- or hedge-fund sectors
Experience in audit, fund accounting and/or custody in one of the above sectors
Passion for fast-paced learning, especially in a technology-enabled environment
Good analytical skills with a flair for processes as well as good IT skills
Takes initiative and ownership of responsibilities assigned
Ability to prioritize activities while working on multiple projects and achieve target deadlines
Strong interpersonal, collaborative and Investor servicing skills
Promote and demonstrate a positive, team‐oriented attitude
Effective communication skills and strong problem solving skills
Highly proficient in using Excel, Word, and other Microsoft office programs
Experience with FX hedging and complex fee calculation models

Other Attributes:

Experience with Investran a plus
Possess an accreditation like an ACCA, ACA, CFA, CPA, CIA, or CAIA
Passion for fast-paced learning, especially in a technology-enabled environment
Strong analytical skills with a flair for processes as well as good IT skills

#LI-EO1

At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Candidates must be at least 18 years old to apply.

Developing People at StepStone

About the Company

StepStone Group

Manages private market investments for investors

StepStone Group manages private market investments for institutions and private wealth clients, building portfolios around their return goals and cash needs. Its separately managed accounts let investors tailor exposure across private equity, infrastructure, private debt and real estate. The firm commits capital to outside funds, buys stakes in existing funds and invests alongside other investment managers. It also advises clients on portfolio design and tracks their investments, earning management and advisory fees plus a share of investment gains through performance fees. StepStone Group was founded in 2007 and is headquartered in New York.

Company size: 1,001-5,000
Company stage: IPO
Headquarters: New York City, New York
Founded: 2007

Recently Posted Jobs

Explore more opportunities at StepStone Group

See more jobs