Private Equity Fund Accountant (Controller Level)

Company description

A FinTech start-up established in 2016, Linnovate Partners has become a disrupter and leading asset servicing company in the alternative investment industry. Leveraging on automation and data integration technologies, we provide an integrated suite of technology, services and consultancy that are tailored to the specific requirements of asset and fund managers. Linnovate Partners offers five key areas of solutions and services:

1. Fund Administration

2. Investor Relations

3. Reporting Services

4. Consulting Services

5. Regulatory Compliance

The company is headquartered in Hong Kong, with operations in London, Singapore, Beijing, Shenzhen and a growing number of locations globally. Currently the company employs 250+ individuals, specialising in alternative fund services, fintech solutions, R&D and investor relations consultancy, and the team is expanding. It now manages over US$120 billion in assets and investment portfolios and administers over 600 funds for Private Equity and venture capital clients.

The Time for CHANGE is Now!

Linnovate Partners is a Funds service and FinTech company which has become a disrupter and leading asset servicing company in the alternatives investment industry. With 10 offices worldwide and over 240+ employees, we leverage on automation and data integration technology to meet a wide range of requirements for asset and fund managers by providing solutions ranging from fund administration to reporting to monitoring. Linnovate Partners administers over $120 billion in assets globally.

We are growing rapidly around the globe and we are looking for people who are passionate to make an impact to join our San Francisco office.

Fund Accounting Senior Manager, Alternative Funds Services, San Francisco

Job Description

The successful applicant will be responsible to manage a team of Fund Accountants and be one of the final reviewers to deliver seamless fund administration services to asset and fund managers of Private Equity Funds. In addition, the role will be a direct point of contact for Private Equity clients.

Responsibilities

• Manage a team of fund accounts to deliver high quality reports to external clients.
• Provide accounting services for Private Equity Fund clients including reviewing and processing transactions and other fund accounting output for dissemination to external clients and investors.
• Provide support to respond to client and or investors’ queries.
• Review the fund accounting team’s fee calculations (management fees, capital call amounts, distribution amounts, carried interest and waterfall) and verifying that calculations are in accordance with the applicable fund terms.
• Review various statements and notices including but not limited to investor capital call and distribution notices.
• Prepare ad-hoc requests regarding fund and investor specific reports as well as analysis.
• Review fund’s quarterly and annual financial reports.
• Review SPV accounting.
• Understand and assist clients with other reporting, such as CRS/FATCA, VAT, K1s, K3s etc.
• Assist clients to address and resolve audit inquiries from external auditors during year-end audit.
• Participate in pre-project stage discussion with the clients and to define more detailed services model for specific clients as required.
• Assist the onboarding of existing funds and the launch of new funds.
• Participate in the internal as well as external technology solutions to address the complex reporting and data requirements of clients.
• Participate in strategic planning and review to continuously improve processes and the team’s performance.
• Exposure to and learning the latest technology solutions in the asset servicing industry, and driving automation for less manual bookings and providing more value-added services to clients.
• Perform additional duties as and when assigned.

Qualifications

• Bachelor’s degree in Accounting or Commerce or Finance or a related degree with a major in Accounting.
• An internationally recognized accounting qualification or under taking of such professional qualifications such as CPA, CA is highly regarded.
• Minimum of 8 years of experience in accounting with a specialty in Private Equity, or a combination of audit/fund administration and Private Equity Funds experience is highly regarded.
• Knowledge of GAAP accounting standards (USGAAP).

Other Skills

• Prior team management skills or being in the role of a reviewer is required.
• Strong written and verbal communication and presentation skills.
• Able to work under pressure, multi-task and enjoy working in a fast-paced environment.
• High integrity and accountability for proposing solutions, time management and reporting back to management in a timely manner.
• Detail-oriented and analytical, able to perform work with high accuracy, mature, self-motivated.
• Good problem-solving skills and a team player.
• Proactive manner with excellent organizing and planning skills.
• Fluency in both spoken and written English.
• Proficiency in Excel and other windows-based software.

We are offering our people with an inclusive environment where your ideas matter. If you are an achiever who enjoys working in a fast-paced and collaborative setting, surrounded with great people and inspiring leaders, come and join us!

Job Type: Full-time

Salary: $100,000.00 - $160,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off

Experience level:

• 8 years

Schedule:

• 8 hour shift

Work Location: In person