Accounting Manager

Houston, TX

Employment Type: Direct Category: General Accounting Job Number: 18374 Work Model: #LI-Onsite Internal Reference: #LI-TM1

Job Description


Hot need due to growth at a stable, experienced private equity firm. Excellent exposure to all aspects of a PE firm.

This role is ideal for a candidate who wants to expand their experience in the Private Equity industry. You will be part of a finance group exposed to all aspects of fund accounting and reporting for a firm with at least $1 billion in that invests in the energy industry. The funds are in the form of limited partnerships and require experience/knowledge of GAAP partnership accounting and familiarity with partnership tax reporting. The candidate will report to the VP of Accounting, work closely with the Investment Team and third-party Fund Administrator.

Primary duties and responsibilities:
  • Oversee the management company accounting including the review of expenses recorded by the Fund Administrator, managing the credit facility, annual budgeting and monthly forecasting, review of monthly financial statements prepared by the Fund Administrator, and daily cash management
  • Direct the Fund Administrator on the payment of expenses and allocation to appropriate fund vehicles and prospective deals
  • Keep in day-to-day contact with the fund administrator. Review the quarterly and year-end financial statements for all funds and co-investment vehicles prepared by the fund administrator including partner’s capital statements and the ILPA fee report
  • Assist in the preparation of quarterly and annual reporting packages using ILPA guidelines and adhering to new SEC marketing rules
  • Assist in the preparation of quarterly valuations and supporting documentation, with involvement of the Investment Team and an annual external valuation firm following valuation policy
  • Primary point of contact for external auditors; manage preparation and support of all external audits
  • Review of capital calls and distributions, overseeing work performed by Fund Administrator
  • Provide support to the Investment Team and Senior Management in financial modeling for the funds
  • Coordinate on annual credit facility renewals and ensure credit facility compliance throughout the year
  • Communicate with tax preparers; assist in review of tax returns/K1s for accuracy
  • Maintain outstanding banking relationships and strategic alliances with vendors and business partners
  • Assist with ad-hoc projects as needed especially for investor relations and fundraising efforts

Experience and Qualifications Required:
  • BBA in accounting
  • CPA
  • 3+ years of experience in public accounting with a PE/hedge fund client, or experience in a PE firm or hedge fund, or a combination of the experience above
  • Have a strong work ethic, a desire to learn, a "team player" attitude and strong attention to detail
  • Take ownership of work and ability to work independently
  • Prior work experience in accounting for flow-through entities, such as limited partnerships
  • A familiarity with legal documents such as LPA or closing investment docs
  • Possess strong analytical and organizational skills
  • Knowledge of general ledger accounting systems
  • Proficient in Excel and writing formulas to expedite analysis and drive automation
  • The ability to interface with external audit and tax professionals and follow up on any issues
  • Must have excellent verbal and written communication skills, the ability to interact with people on all levels within the organization as well as investors
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