Fund Accounting Director
Gen II Fund Services, New York, NY, United States
Gen II Fund Services – Fund Accounting Director
Gen II Fund Services, a leading tech-enabled Private Equity Fund Administrator, is seeking a Fund Accounting
Director
to join our growing team. At Gen II, you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor teams supporting top-tier sponsors while driving process improvements, expanding your expertise, and contributing to the continued success of one of the industry's most respected platforms.
Your leadership will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.
Primary Responsibilities
Direct the day-to-day accounting and fund administration for multiple investment sponsors
Extensive hands‑on involvement in preparing and reviewing workpapers, investments, accruals, financial statements with footnotes and investor allocations
Heavy client interaction daily
Frequent communication with clients at the executive level
Maintain a working relationship with all client contacts, auditors, lawyers, and banking personnel
Lead, direct, and coach team of Staff Accountants at several levels
Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in‑depth review and sign off prior to Managing Director review
Manage special projects, when required
Job Requirements, Skills, Education and Experience
7+ years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the candidate has gained financial products knowledge
5+ years of supervisory experience
Bachelor’s degree in Accounting, Economics and/or Finance
Advanced Mezzanine/Credit/Loan Origination investment experience preferred
Comfortable with PIK/OID calculations
Advanced experience in preparing capital calls and distributions including complicated waterfall models
Very comfortable in understanding and navigating through Partnership Agreements, legal documents, and Investment Agreements
Advanced knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in USGAAP
Strong written and verbal communication skills
Technical Knowledge and Business Acumen
Ability to learn on‑the‑job quickly, apply learning to clients and recommend solutions to issues
Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
Excellent verbal, written and interpersonal communication skills
Strong attention to detail and accuracy
Superior problem solving, judgment and decision‑making skills
Ability to think independently, prioritize, multi‑task and meet deadlines
Extensive Microsoft suite skills – Excel (pivots), Word, PowerPoint, and Outlook
Strong leadership skills and management skills
Compensation The salary range for this position is $135,000-$190,000 in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.
Work Arrangement All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. All US employees are required to work a hybrid schedule, comprised of two (2) days a week in our office and three (3) days remotely.
About The Company Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $1 trillion of private capital on behalf of its clients with 14 offices across the US, Canada and Europe. Gen II offers private fund sponsors a best‑in‑class combination of people, process, and technology, enabling fund sponsors to effectively manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co‑investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.
Key Facts
Administering over $1T in assets
Servicing nearly every significant investor in the asset class
Institutional grade infrastructure and SSAE 18 (SOC-1, Type 2) certification, ensuring confidence in our processes and operating model
The most experienced and best performing team in the industry
#J-18808-Ljbffr
Director
to join our growing team. At Gen II, you will gain deep exposure to the full private equity fund lifecycle, including newly launched and first-to-market funds in sports, oil and gas, real estate, credit and more. You will lead and mentor teams supporting top-tier sponsors while driving process improvements, expanding your expertise, and contributing to the continued success of one of the industry's most respected platforms.
Your leadership will be critical in maintaining Gen II’s standard of technical excellence, client service, and operational integrity.
Primary Responsibilities
Direct the day-to-day accounting and fund administration for multiple investment sponsors
Extensive hands‑on involvement in preparing and reviewing workpapers, investments, accruals, financial statements with footnotes and investor allocations
Heavy client interaction daily
Frequent communication with clients at the executive level
Maintain a working relationship with all client contacts, auditors, lawyers, and banking personnel
Lead, direct, and coach team of Staff Accountants at several levels
Oversee and provide guidance on the initial set up of the Clients Funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and perform thorough, in‑depth review and sign off prior to Managing Director review
Manage special projects, when required
Job Requirements, Skills, Education and Experience
7+ years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the candidate has gained financial products knowledge
5+ years of supervisory experience
Bachelor’s degree in Accounting, Economics and/or Finance
Advanced Mezzanine/Credit/Loan Origination investment experience preferred
Comfortable with PIK/OID calculations
Advanced experience in preparing capital calls and distributions including complicated waterfall models
Very comfortable in understanding and navigating through Partnership Agreements, legal documents, and Investment Agreements
Advanced knowledge of types of Reporting for Investment Funds / Investment Companies and Investors in USGAAP
Strong written and verbal communication skills
Technical Knowledge and Business Acumen
Ability to learn on‑the‑job quickly, apply learning to clients and recommend solutions to issues
Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
Excellent verbal, written and interpersonal communication skills
Strong attention to detail and accuracy
Superior problem solving, judgment and decision‑making skills
Ability to think independently, prioritize, multi‑task and meet deadlines
Extensive Microsoft suite skills – Excel (pivots), Word, PowerPoint, and Outlook
Strong leadership skills and management skills
Compensation The salary range for this position is $135,000-$190,000 in addition to a discretionary bonus and comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.
Work Arrangement All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. All US employees are required to work a hybrid schedule, comprised of two (2) days a week in our office and three (3) days remotely.
About The Company Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $1 trillion of private capital on behalf of its clients with 14 offices across the US, Canada and Europe. Gen II offers private fund sponsors a best‑in‑class combination of people, process, and technology, enabling fund sponsors to effectively manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co‑investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.
Key Facts
Administering over $1T in assets
Servicing nearly every significant investor in the asset class
Institutional grade infrastructure and SSAE 18 (SOC-1, Type 2) certification, ensuring confidence in our processes and operating model
The most experienced and best performing team in the industry
#J-18808-Ljbffr