The Fund Accounting Department is responsible for the financial and investor reporting associated with the company’s private (e.g., non-Business Development Company) investment funds and vehicles. The team provides accounting and / or reporting for internal vehicles, limited partnerships and separately managed accounts pursuant to the governing limited partnership and investment management agreements and, where appropriate, in accordance with United States Generally Accepted Accounting Principles. Fund Accounting also provides the organization’s management companies & leadership with reporting and analysis in support of existing business and new initiatives. Key responsibilities include the set up and ongoing maintenance of investment vehicles / capital accounts; monthly closes and ongoing maintenance of each fund’s general ledger; production of quarterly financial and investor reporting; support of annual external audits of approximately 30 financial statements; forecasting fund performance; and producing management and regulatory reporting. To accomplish these responsibilities, Fund Accounting has sub-teams that focus on Private Funds, PEARLS (institutional funds and separately managed accounts) and Reporting. The Fund Accounting Department interacts extensively with the company’s Operations, Treasury, Tax, Investor Communications, Technology Solutions, Business Development, Compliance and Valuation Teams.
These roles are important to the Fund Accounting Department as they seek to support a growing Firm, build a world class, customer focused, finance team and drive operational excellence. Fund Accountants are primarily responsibility for the accounting and reporting for one or more funds as well as providing assistance in the support of various other funds, new initiatives and ad-hoc requests. Essential duties & responsibilities include but are not limited to: