Fund Accounting Manager - Private Equity

Accountants One is working with a Fort Worth, Texas-based asset management firm that provides investment management services to prominent families, foundations, and global institutions. Our client is seeking an Accounting Manager to serve as a right hand to the Director of Accounting, helping oversee the firm’s private equity accounting operations, lead the accounting team, and deliver accurate, timely financial reporting.

Responsibilities:

• Partner with the Director of Accounting to manage the end-to-end accounting cycle for private equity investments, including capital call and distribution processing, journal entry review, and wire approval across fund, secondary, co-investment, and direct investments
• Lead, mentor, and develop the accounting team, setting priorities and ensuring monthly, quarterly, and annual deadlines are met
• Oversee daily cash activity, cash reconciliations, and wire transactions, ensuring appropriate controls and supporting documentation
• Oversee quarterly booking of investment valuations based on general partner capital account statements, and review reconciliations to fund administrator and general partner reporting
• Review limited partnership income allocations, including carried interest and distribution waterfalls, to ensure accuracy in financial and investor reporting
• Monitor cash positions and track unfunded commitments across fund investments, escalating liquidity concerns to the Director
• Review quarterly unaudited and annual audited financial statements, along with quarterly performance reporting
• Support the annual audit by overseeing PBC requests, workpapers, and supporting schedules, and ensuring timely completion of deliverables
• Drive process improvements, internal controls, and automation initiatives

Qualifications:

• Bachelor’s degree in Accounting; CPA preferred
• 8-10+ years of progressive accounting experience, with a focus on private equity, investment management, or financial services
• Prior experience leading and developing a team, including managing supervisors or senior staff
• Strong understanding of partnership accounting, capital call and distribution processing, and carried interest/waterfall calculations
• Experience supporting audits in a private equity or investment management environment
• Strong analytical, problem-solving, and decision-making skills
• Experience with FIS Private Capital Suite (formerly Investran) is a plus