Private Equity Fund Accountant

About Spectrum Private Equity Services

Spectrum Private Equity Services (“Spectrum”) is a third-party administrator offering full-service fund administration to the private equity industry. Spectrum’s mission is to deliver a premium service model, based on direct access to senior management, robust quality controls, and innovative cloud-based technology. The Company’s founders and senior employees have significant industry-specific experience and knowledge of a broad range of private equity fund types and structures.

Job Overview

Spectrum is seeking a Private Equity Fund Senior Accountant to join our team in Burlington, MA. Private Equity Fund Senior Accountants work within a team and are responsible for day-to-day accounting and related administration of client-sponsored investment funds. This is an exciting opportunity to interact with all levels of Spectrum personnel and outside professionals, therefore, strong people skills as well as strong written and verbal communication skills are required. Candidates must have strong computer skills, particularly MS Office products and most importantly MS Excel. Candidates must demonstrate initiative, perform well under pressure, manage multiple projects simultaneously and be client service oriented.
A Fund Accountant manages the day-to-day accounting and accounting related administration for client sponsored investment funds. Specific responsibilities include:

Job Responsibilities for Private Equity Fund Accountants

Prepare and input general journal entries including periodic investment income and expense accruals

Process accounts payable and cash disbursements

Maintain general ledger, including preparation and update of system generated financial statements and other accounting reports

Prepare bank account reconciliations and other account reconciliations

Prepare quarterly and annual financial work paper packages

Reconcile internal accounting data and review all accounting activity for reasonableness

Review system generated quarterly and annual financial statements for accuracy and compliance with generally accepted accounting principles

Prepare periodic investment fund calculations including, capital calls, management fees, investor income allocations and distributions

Prepare investment related accounting entries including portfolio purchases and sales and recurring investment income accruals

Assemble documentation and information to assist with year-end external audit process

Assist with the preparation of annual book to tax reconciliations

Draft investment fund related correspondence

Other special projects as required

Qualifications for Private Equity Fund Accountants

Bachelor’s degree in accounting, finance, or related field; advanced degree and/or CPA are a plus

Strong computer skills, particularly with MS Office products and most importantly MS Excel

Exceptional interpersonal skills

Strong written and verbal communication skills

Ability to perform well under pressure, be adaptable, and take initiative

Strong project management skills with keen attention to detail and a proven ability to multi-task

Demonstrated ability to perform well under pressure, be adaptable, and take initiative

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

To apply, please submit resume and cover letter including salary requirements.

Job Category: Accounting
Job Type: Contract

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