Job Title: Associate Director of Fund Accounting
Location:
Boston, MA (Hybrid)
Classification:
Full-time, Exempt
Department:
Fund Accounting / Finance
The Opportunity The Associate Director of Fund Accounting is a high-impact leadership role based in the heart of Boston’s financial district. This position is responsible for the oversight, accuracy, and integrity of the firm’s investment vehicle reporting and serves as a critical bridge between daily fund operations and executive-level financial strategy. The successful candidate will manage the accounting lifecycle for a complex portfolio of funds, ensuring that all reporting meets the highest standards of transparency and regulatory compliance.
As a senior member of the finance team, you will lead a dedicated group of accountants and work closely with external administrators, auditors, and investment teams to support the firm’s growth within the competitive Boston private equity and venture capital ecosystem.
Core Responsibilities
1. Fund Oversight & Reporting Excellence
Financial Stewardship:
Direct the preparation and review of monthly, quarterly, and annual financial statements for all fund entities in accordance with GAAP.
NAV Accuracy:
Oversee the calculation and distribution of Net Asset Values (NAV), ensuring all portfolio valuations, fee calculations, and expense accruals are precise.
Investor Reporting:
Manage the delivery of investor-level reporting, including capital call notices, distribution waterfall calculations, and quarterly performance summaries.
2. Audit & Regulatory Leadership
Audit Coordination:
Serve as the primary point of contact for external auditors, managing the annual audit process and ensuring all PBC (Prepared by Client) requests are fulfilled accurately and on schedule.
Tax & Compliance:
Partner with external tax advisors to oversee the preparation of K-1s and tax filings, while ensuring compliance with SEC, FINRA, or other relevant regulatory frameworks.
Internal Controls:
Design and monitor rigorous internal controls specific to fund accounting to mitigate operational risk and safeguard investor assets.
3. Strategic Operations & Systems
Process Modernization:
Lead initiatives to automate fund accounting workflows and optimize the use of fund accounting software (e.g., Investran, Allvue, or Geneva).
Vendor Management:
Act as the lead liaison with third-party fund administrators, ensuring service level agreements are met and data integrity is maintained across systems.
Deal Support:
Collaborate with investment teams to support the onboarding of new fund launches and the financial structuring of complex investment transactions.
4. Leadership & Mentorship
Team Development:
Manage and mentor a team of fund accountants, fostering a culture of technical excellence, professional growth, and accountability.
Resource Planning:
Assess team capacity and resource needs to support the scaling of the fund portfolio and increasing reporting complexity.
The Ideal Profile
Professional Experience:
8–12 years of progressive accounting experience, with at least 5 years focused specifically on fund accounting within private equity, venture capital, or hedge fund environments.
Technical Mastery:
Deep knowledge of fund structures, waterfall distributions, carried interest calculations, and investment valuation techniques.
Education & Credentials:
Bachelor’s degree in Accounting or Finance is required;
CPA strongly preferred.
Systems Fluency:
Advanced proficiency in specialized fund accounting platforms and expert-level Excel skills for complex financial modeling.
Executive Presence:
Proven ability to communicate complex financial data to internal stakeholders, investors, and external partners with clarity and confidence.
The Rewards
Competitive Compensation:
An executive-level salary package commensurate with the Boston market, including a performance-based bonus and long-term incentive plans.
Strategic Impact:
A leadership seat with direct influence over the operational scaling of the firm’s investment vehicles.
Professional Growth:
Opportunities for upward mobility into Director or Controller-level roles as the firm expands its regional footprint.
Comprehensive Benefits:
Premium medical, dental, and vision insurance, 401(k) with company match, and a commitment to professional development.
Compensation $165,000 per year
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Location:
Boston, MA (Hybrid)
Classification:
Full-time, Exempt
Department:
Fund Accounting / Finance
The Opportunity The Associate Director of Fund Accounting is a high-impact leadership role based in the heart of Boston’s financial district. This position is responsible for the oversight, accuracy, and integrity of the firm’s investment vehicle reporting and serves as a critical bridge between daily fund operations and executive-level financial strategy. The successful candidate will manage the accounting lifecycle for a complex portfolio of funds, ensuring that all reporting meets the highest standards of transparency and regulatory compliance.
As a senior member of the finance team, you will lead a dedicated group of accountants and work closely with external administrators, auditors, and investment teams to support the firm’s growth within the competitive Boston private equity and venture capital ecosystem.
Core Responsibilities
1. Fund Oversight & Reporting Excellence
Financial Stewardship:
Direct the preparation and review of monthly, quarterly, and annual financial statements for all fund entities in accordance with GAAP.
NAV Accuracy:
Oversee the calculation and distribution of Net Asset Values (NAV), ensuring all portfolio valuations, fee calculations, and expense accruals are precise.
Investor Reporting:
Manage the delivery of investor-level reporting, including capital call notices, distribution waterfall calculations, and quarterly performance summaries.
2. Audit & Regulatory Leadership
Audit Coordination:
Serve as the primary point of contact for external auditors, managing the annual audit process and ensuring all PBC (Prepared by Client) requests are fulfilled accurately and on schedule.
Tax & Compliance:
Partner with external tax advisors to oversee the preparation of K-1s and tax filings, while ensuring compliance with SEC, FINRA, or other relevant regulatory frameworks.
Internal Controls:
Design and monitor rigorous internal controls specific to fund accounting to mitigate operational risk and safeguard investor assets.
3. Strategic Operations & Systems
Process Modernization:
Lead initiatives to automate fund accounting workflows and optimize the use of fund accounting software (e.g., Investran, Allvue, or Geneva).
Vendor Management:
Act as the lead liaison with third-party fund administrators, ensuring service level agreements are met and data integrity is maintained across systems.
Deal Support:
Collaborate with investment teams to support the onboarding of new fund launches and the financial structuring of complex investment transactions.
4. Leadership & Mentorship
Team Development:
Manage and mentor a team of fund accountants, fostering a culture of technical excellence, professional growth, and accountability.
Resource Planning:
Assess team capacity and resource needs to support the scaling of the fund portfolio and increasing reporting complexity.
The Ideal Profile
Professional Experience:
8–12 years of progressive accounting experience, with at least 5 years focused specifically on fund accounting within private equity, venture capital, or hedge fund environments.
Technical Mastery:
Deep knowledge of fund structures, waterfall distributions, carried interest calculations, and investment valuation techniques.
Education & Credentials:
Bachelor’s degree in Accounting or Finance is required;
CPA strongly preferred.
Systems Fluency:
Advanced proficiency in specialized fund accounting platforms and expert-level Excel skills for complex financial modeling.
Executive Presence:
Proven ability to communicate complex financial data to internal stakeholders, investors, and external partners with clarity and confidence.
The Rewards
Competitive Compensation:
An executive-level salary package commensurate with the Boston market, including a performance-based bonus and long-term incentive plans.
Strategic Impact:
A leadership seat with direct influence over the operational scaling of the firm’s investment vehicles.
Professional Growth:
Opportunities for upward mobility into Director or Controller-level roles as the firm expands its regional footprint.
Comprehensive Benefits:
Premium medical, dental, and vision insurance, 401(k) with company match, and a commitment to professional development.
Compensation $165,000 per year
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