Manager / Senior Accounting Manager - Private Equity

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 Manager / Senior Accounting Manager will be responsible for management and oversight of the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity, Venture Capital, Real Estate Infrastructure investments in primary and secondary limited partnership investments and direct equity co- investments. In this position, the Manager / Senior Accounting Manager will manage a team of accountants and various fund administrators. The Manager / Senior Accounting Manager will also work closely with the Fund Accounting Treasury and Operations teams along with the Investment Operations team.

Essential Job Functions:

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

Reviewpartner allocations and capital account statements

Manage process for delivering quarterly and annual investor reports and other ad-hoc communications

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,

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.

Qualifications:

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

Required Knowledge, Skills, and Abilities:

Strong written and verbal communication skills

Ability to maintain strict confidentiality of client, investment and company information

Ability to problem solve and leverage technology

Acute attention to accuracy and detail

Professional demeanor and an ability to work well in a team environment

Highly proficient in using Excel, Word, and other Microsoft office programs

Willingness and ability to learn and implement new programs and processes

Salary Range: $120,000 - $140,000

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.

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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, …