Fund Accounting Operations Manager

Job Description

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 will be responsible for management and oversight of the day-to-day reconciliations between third party administrators (TPA) and the internal performance reporting system (SPI). In this position, the Manager will manage a team of accountants and consultants. The Manager will also work closely with StepStone's Financial Reporting Group, StepStone's Fund Accounting and Portfolio Analytics and Reporting (SPAR) and various fund administrators.

Essential Job Functions:

Manage and oversee the reconciliation process and the team (FA DR) including, but not limited to:

Daily monitoring of dashboard that compares performance reporting system data to TPAs underlying investment cash flow activity

Quarterly monitoring of reconciliation that compares performance reporting system data to TPAs underlying investment NAVs

Manage deadlines and ensure team is on time delivering reconciliations

Review variance breaks and work with FA DR, SPAR and/or TPAs to resolve breaks

Corresponding with General Partners regarding accounting/reporting questions, or other issues, as necessary

Record, update and review investment transactions in the internal performance reporting system

Produce quarterly portfolio cash flow reconciliation files

Maintain oversight of the team mailbox

Understand partnership agreements and investment purchase/sale agreements to understand transaction activity

Ensure new portfolios and investments are set up in the TPAs system and mapped with SPI system identifiers

Comprehend the full reconciliation process across multiple internal and external parties with the ability to troubleshoot errors and implement improvements

Create a process to reconcile public stock sale transactions efficiently

Build a guide on how to treat tax withholdings including procedures on how to record the withholdings

Perform other duties as requested or as responsibilities dictate

Education and/or Work Experience Requirements:

Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting

A Bachelor's Degree in Accounting with 4-7 years' professional accounting experience

Ability to multi-task and manage priorities against fast-paced key deadlines

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, PowerBI and process automate experience is a plus

Ability to problem solve and leverage technology

Willingness and flexibility to learn and implement new programs and processes

Experience training and managing junior professionals and reviewing the work of others

Other Attributes:

Strong written and verbal communication skills

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

Acute attention to accuracy and detail

Strong time management, prioritization, and communication skills

Strong adaptability to learn new systems and Microsoft tools

Proactive and focused with a strong work ethic

Salary Range - $100,000 - $120,000

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.

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.

Developing People at StepStone

Full-time