Service Delivery Center - EY Comply - Fund/Private Equity Accounting - Manager

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team!

The opportunity

You will play a key role in defining the way Private Equity ("PE") and PE Fund of Fund General Partners ("GP") meet their reporting requirements for fund controllership, investment books and records, regulatory, tax, and financial statements.  Top-tier GPs and investment managers are increasingly looking to EY to provide operational services for critical functions, in parallel with their current custodians. Join our team in building a new service model and identifying innovative ways for GPs to manage books and records and create accurate, and timely fund financial statements.

Your key responsibilities

Understand the intricacies of PE and PE Fund-of-Fund accounting operations and financial statement reporting
Define new procedures and controls to enhance the overall operational risk processes
Stay current on business and industry trends relevant to our clients, including PE fund structures and investment record keeping standards
Manage a team of seniors and staff to drive execution of daily accounting activities and provide high-quality work within expected timeframes and budget
Review team’s work products prior to client delivery and provide necessary coaching for improvement
Execute detailed procedures based on knowledge of PE fund controllership, investment books and records, and financial reporting processes
Perform critical accounting activities, including capital calls, distributions, quarterly valuation, accruals, and other transaction processing
Manage risks and ensure key stakeholders are kept informed about progress and expected outcomes
Oversee delivery of client and process requirements in a regulatory driven environment, and understanding operationally complex fund controllership principles
Develop relationships with team members across multiple geographic locations and time zones

Skills and attributes for success

Ability to foster an innovative and inclusive team-oriented work environment, playing an active role mentoring junior level resources
High degree of comfort with PE fund accounting processes and the ability to execute detailed procedures based on knowledge of fund controllership, investment books and records, financial statement processes, and regulatory filing principles
Knowledgeable in PE and Fund of Funds investment characteristics and the application of regulatory and financial reporting rules to those investments
Effective leadership, project management, and organizational skills

To qualify for the role, you must have:

• A bachelor’s degree in business, accounting, economics, finance, or related discipline
  Minimum 5 years of work experience related to fund controllership, fund valuation, capital calls and distributions, board reporting and production of audited financial statements
• People management experience with leading project teams and managing direct reports within an organization
• Experience related to fund controllership, investment books and records, and/or fund administration
• Analytical skills, especially an understanding of transaction posting, and investment trial balance debits and credits related to fund controllership, investment books and records and asset management
• Strong proven communication skills demonstrated through effective writing and presentations to clients and internal stakeholders; based on critical thinking and problem-solving skills
• An understanding of financial products and services, in particular private equity funds
• An interest in working in an environment which encourages continuous learning, development, and identification of opportunities for improvement of individual and team performance
• A willingness to work in an office when production activities require but will have the flexibility to work remotely (average 3 days / week in-office requirement)
• A willingness to travel on an exception basis for client needs

Ideally, you’ll also have:

• CPA
• Experience with software tools including document management systems, workflow systems, partnership accounting, investment accounting such as eFront, Investran, or other investment sub-ledger software
• Experience in financial statement reporting/analysis

What we look for

You should be flexible and able to juggle multiple responsibilities, including delivery of exceptional quality work to our clients. In addition, you’ll be a motivated self-starter, and will value sharing best practices with your colleagues and leaders.

What Working at EY Offers

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.  Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances.  You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.  

Plus, we offer:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. 

Join us in building a better working world.