We are looking for an Equity Fund Accountant to support investor accounting and fund operations for a private investment platform in Newport Beach, California. This position partners closely with operations, compliance, and investment teams to oversee capital activity, maintain accurate records, and help deliver timely financial reporting. The ideal candidate brings strong analytical ability, sound judgment, and a proactive approach to improving processes in a detail-driven environment.
Responsibilities:
- Maintain the integrity of investor, entity, property, and custodian records within internal accounting and operational systems.
- Prepare and review capital activity, including contributions, distributions, investor elections, and related cash movement across escrow and partnership accounts.
- Calculate capital calls, investor allocations, management fees, preferred returns, and carried interest in accordance with governing agreements.
- Support valuation and reporting processes by analyzing fund activity and ensuring financial data is complete, accurate, and timely.
- Interpret partnership and offering documents to confirm that allocations, fee treatment, and investor transactions align with fund terms.
- Monitor intercompany and affiliate loan activity and help track related balances and repayment activity.
- Coordinate with external audit and tax advisors by providing documentation, responding to inquiries, and supporting deliverable deadlines.
- Lead communication with internal stakeholders and external partners on investor accounting matters, client deliverables, and operational priorities.
- Identify workflow gaps, recommend practical improvements, and contribute to projects that strengthen controls, reduce risk, and increase efficiency.
- At least five years of accounting or fund operations experience within a private investment, private equity, or real estate investment environment.
- Strong understanding of private fund structures, investor allocations, and capital activity across multiple entities.
- Experience interpreting legal and fund documentation and applying terms to accounting calculations and investor reporting.
- Proficiency in fund accounting concepts such as management fees, distributions, preferred returns, and waterfall calculations.
- Working knowledge of investment performance metrics, including return-based and multiple-based analyses.
- Advanced spreadsheet and financial modeling skills, with the ability to manage detailed calculations accurately.
- Bachelor’s degree in accounting, finance, or a related field; CPA or similar credential is preferred.
- Familiarity with broker-dealer, registered investment advisor, or securities-related operations is a plus.