Private Equity Accountant

We’ve founded a company that values you: your time, your career, your talents and drive. We seek hard-working applicants ready to be trained for an exciting role in a fast-paced financial company. We offer remote work flexibility, competitive pay and benefits, rapid opportunity for promotion, and the chance to give back through fully paid community service days. We invest in our employees and our community, and our accelerated growth, dynamic company culture, and high retention rate speak for themselves. As always, we will train the right candidate for the role. Remote Work Flexibility This position offers remote work flexibility, allowing for both time in the office and the ability to work from home. The Position As a member of the Accounting team, this Private Equity Accountant position would be responsible for the following: Calculate capital calls, and distributions for Private Equity funds, including management and incentive fees Complete Monthly Net Asset Value preparation, which includes: Cash and Portfolio, Reconciliations, Income and Expense Accruals, Partner/Shareholder Allocation calculations, and distribution of investor statements Calculate the PE fund’s net asset value (NAV) and prepare PE-specific Financial Statements, adhering to regulatory and industry standards. Review private equity fund clients’ partnership agreements, PPMs, commitment documents, and other materials. Allocate profit and loss to investors including the calculation of management and performance fees Process and record fund expense payments and ensure cash wire requests are completed accurately and timely Generate and deliver fund and investor reports to fund managers and investors of assigned clients Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients Communicate with internal and external entities on fund accounting matters and assist in issue resolution Qualifications and Experience Fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained PE products knowledge. Familiarity with the types of investments and strategies held by Private Equity funds. Must be able to learn complicated concepts quickly Proficiency with Microsoft Office is essential, advanced Excel (formulas, pivot tables, and filtering) are a must. Demonstrates superior verbal and written communication skills Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investor a plus Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system a plus Experience with financial reporting, information security and client, vendor, and risk management a plus Education Requirements Four-year college degree, preferably in Accounting, Finance, Business Management or Economics. Application Requirements Please be sure to include an updated copy of your resume with your application. Cover letters are read and considered, although they are not required. The Company Stone Coast Fund Services is an award-winning, steadily growing hedge fund administrator that’s found a better way in a better place. With a sole office in Portland, Maine, Stone Coast comprises over 200 hard-working and smart professionals who deliver administration services to over 100 hedge fund managers around the country with investors around the world. We hire carefully, treat people well, and are rewarded by exceedingly low turnover in an industry where high turnover is the norm. The Mission Our mission, to “take pleasure in work done well, and in working well with others,” is an obligation to our clients, to their investors, to our communities and ultimately to our peers and ourselves. Fund administration, done well, requires carefully selecting smart, dedicated professionals and providing them with the resources, training and workplace culture that will engender their loyalty and bring out their best. To that end, we strive to develop and nurture relationships that are characterized by trust, respect, and affection. We look for colleagues – and clients – who will share and reciprocate these values. The Location Our location is central to our mission. Stone Coast is in the heart of Portland’s Old Port waterfront, a picture-perfect tourist destination that we are fortunate to call home. Our offices offer beautiful views of Portland Harbor and the islands of Casco Bay. From our front door, we can walk to award-winning restaurants, cafes, museums, and shops. Living in Portland and surrounding areas offers excellent schools, minimal commutes and proximity to beaches, mountains, and state parks. Interested? We seek high aptitude, intellectually curious candidates that enjoy working as part of a team, satisfying our clients and striving for the highest standards. The quality of our services derives solely from the quality of our people. Therefore, we seek smart, hard-working, ethical, and friendly professionals – from recent college graduates to fund administration veterans. Inclusivity & Equal Opportunity Statement At Stone Coast, we strive to reflect the community of which we are so grateful to be a part, and are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and colleagues without regard to race, religion, ethnicity, national origin, sex or orientation, gender or identity, disability, age, veteran status, and any other basis or status designated under applicable laws. If you don’t see an opening for which you are qualified, but do have relevant industry experience, please feel encouraged to apply to our General Application at the Career Center at www.stone-coast.com or check us out on LinkedIn. Our growth compels us to continuously search for talent, and we may be contemplating a position that fits your experience.