Fund Accountant
The Fund Accountant role will manage a variety of financial and accounting responsibilities as well special projects. Specific responsibilities will include NAV calculation/reconciliation, prepare/analyze Fund financial statements, investor reporting and investor interface, management/KPI reporting, cash flow/liquidity forecasts and other special projects. In this diverse role, this individual will have the opportunity to work with fund accounting, corporate accounting, investors, external auditors, and tax service providers.
Summary of essential job functions
The Fund Accounting Manager is primarily responsible for quarterly and annual reporting to the limited partners of the funds. The day-to-day tasks of the Fund Accounting Manager include, but are not limited to:
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Work with fund administrator to:
- Reconcile quarterly reporting to LPs- Fund NAV and financial statements
- Issue capital calls, distributions, partner account statements
- Assist in annual audit and tax work at year-end, including preparing financial statement footnotes.
- Respond to investor requests appropriately and in a timely manner as they arise.
- Initiate and track borrowings under the different credit facilities available to the private equity funds and ensure the funds’ compliance with related covenants.
- Manage cash needs and work with fund administrator on daily wires for investment purchases.
Minimum requirements:
- Approximately 2-3 years of experience in public and/or industry accounting required.
- Bachelor’s degree in Accounting.
- CPA or CPA candidate strongly preferred
- Experience / interest in working in a Private Equity or Fund environment.
- Advanced proficiency with Excel and interest in improving proficiency (Marcos, Queries, etc.).
- Strong organizational skills and ability to manage multiple priorities.
- Strong verbal and written communication skills.
- Career-motivated and desire to work in an entrepreneurial office setting.
Key Competencies
- Financial & Fund Accounting Expertise: Strong knowledge of fund accounting, NAV reconciliation, financial statement preparation, and investor reporting.
- Analytical & Problem-Solving Skills: Ability to analyze financial data, ensure accuracy, and address investor inquiries effectively.
- Regulatory Compliance & Audit Readiness: Experience managing audits, tax reporting, and ensuring compliance with financial regulations.
- Attention to Detail & Organizational Skills: Managing multiple reporting cycles, financial reconciliations, and cash flow tracking with precision.
- Technology Proficiency: Advanced Excel skills (Macros, Queries) and familiarity with fund accounting systems to drive efficiencies.
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Collaboration & Communication: Ability to work cross-functionally with investors, fund administrators, external auditors, and internal teams.
How This Role Demonstrates Our Values
- Integrity: Ensuring accurate financial reporting, compliance with regulations, and transparent investor communications.
- Collaboration: Working closely with fund administrators, external auditors, and internal stakeholders to support fund operations.
- Excellence: Delivering precise financial reporting, optimizing fund performance, and continuously improving processes.
- Critical Curiosity: Seeking efficiencies in fund management, exploring automation opportunities, and proactively identifying financial insights.
Disclaimer:
This job description is not designed to cover or address all duties and responsibilities that may be required of an employee in this position and the duties and responsibilities may change at any time with or without notice.
Invictus Capital Partners, LP is an equal-opportunity employer. All qualified applicants are welcome to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age or sexual orientation, or because of a person’s disability or medical condition, or any other category protected by applicable federal, state, or local law.
Benefits:
- Invictus medical, dental and vision is covered at 100% for most tiers
- We offer FSA’s for healthcare, dependent care, transit and commuter costs
- Safe harbor 401(k) match of 4%; employees need 3-months of service to be eligible to participate. No vesting after that
- $80 per month cell phone reimbursement
- 20 Days of PTO accrued at the beginning of the year, plus 10 company holidays
- Tuition Reimbursement
About Invictus Capital Partners
Invictus Capital Partners, LP, a leading investment firm, established in 2008, and its affiliate Verus Residential Loanco, LLC, manage and oversee investments in mortgage loans, primarily with a focus on the non-QM market. Invictus is located in Washington, D.C. and has approximately 45 employees, and Verus is located in Minneapolis and has approximately 140 employees. The Companies have overseen the acquisition of over $20 billion in assets since their inception. In addition, Invictus manages funds with over $3 billion in capital under management that have sponsored 45 rated securitizations. Interested candidates can learn more about the Companies by visiting www.invictuscp.com.
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