Private Equity Accounting - Associate Director - Remote/Hybrid

SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Named to Fortune 1000 list as top U.S. company based on revenue, SS&C is headquartered in Windsor, Connecticut and has 20,000+ employees in over 90 offices in 35 countries. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.

Job Description

SS&C (Formerly part of Wells Fargo) is looking for a leader for their Private Equity Accounting team in the following cities: Edina ,MN , Jersey City, NJ, New York, NY, Chicago, IL and Dallas, TX. SS&C employees enjoy a hybrid work model with limited time in the office (1 to 2 times a week). We will also consider remote candidates depending on location and experience.

Position responsibilities:

• Manage the team responsible for the assigned clients ensuring accuracy and timeliness of reporting.
• Maintain and control the general ledger and various sub-ledgers
• Prepare and review partner capital statements
• Prepare and review limited partner and general partner allocations
• Prepare and review trial balances and supporting work papers
• Review capital activity that pertains to the funds including capital calls, distributions, and transfers
• Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations
• Manage and monitor the timing and quality of client deliverables
• Interact with senior management and manage relationships for multiple clients
• Provide technical accounting/industry knowledge to clients
• Establish plan for new client setup and transitions
• Coordinate with Operations, Financial Statement, Tax, and Investor Relations groups
• Coordinate, manage, and monitor external audit process
• Review and interpret private equity fund client's partnership agreements, PPMs and other materials
• Implementation and proper set up of fund structures on accounting system
• Provide supervision and oversight of their accounting staff including the hiring, training, coaching and development of staff.
• Provide leadership within the global accounting functional team
• Provide leadership by working with the Global Process Team to identify, document, and implement new processes, procedures, and best practice. Provide training and education to the investor services and fund accounting teams.
• Identify system enhancements and reports to improve operational efficiency or client service, and reduce operational risk. Responsible for implementing new technologies or applications within own field of responsibility and stays abreast of industry information.

Qualifications:

Required:

• 4 yrs Bachelors Degree in Accounting/Finance
• 8+ years related experience in either a private equity fund, private equity administrator, or other financial institution
• Demonstrated customer service and continuous improvement focus
• Strong knowledge of financial markets and alternative investments
• Proven ability to manage and develop employees
• Demonstrated leadership in coaching and motivating team members
• Knowledge of US GAAP and IFRS
• Audit/Control Minded
• Strong verbal and written communication skills and organization skills
• Knowledge of the investor accounting and reporting process for private equity funds including (but not limited to) capital calls, transfers, distributions, rebalancing, waterfall calculations, clawbacks, carried interest, management fees, side pockets, special allocations, opt in/out, hurdle and catch-up rates, and IRR calculations
• Familiar with alternative investment fund structures including (but not limited to) master/feeder, stand alone, fund of funds, and share based/capital accounts
• Experience reading and interpreting private equity fund documents (PPM, LPA, etc)
• Ability to work in changing, fast-paced work environment

Desired:

• Knowledge of the Advent Geneva, and industry leading private equity accounting systems (Investran, TNR)
• Familiar with ILPA reporting standards
• MBA, CPA, or CFA Level 1

Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services. SS&C offers excellent benefits including health, dental, 401k plan, tuition and professional development reimbursement plan. SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.