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Madison-Davis, LLC

Senior Fund Accountant

  • United States
  • Full Time

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Title: Senior Fund Accountant

Office Status: 100% remote

Salary: $125,000-$150,000 + Bonus


Fund Accounting:

-Maintain and reconcile the fund’s general ledger on a periodic basis.
-Record all fund transactions, including investments, expenses, capital calls, and distributions, ensuring timely and accurate entries.
-Coordinate month-end and year-end GL closing processes.
-Prepare and maintain financial statements, including balance sheets, income statements, and statements of cash flows.
-Handle the fund’s daily accounting activities, including capital calls, distributions, and calculations of net asset values (NAVs).
-Liaise with external auditors, specifically to ensure that all GL accounts are properly supported and documented for audit purposes.

Investor Relations:
-Prepare detailed Partner Capital Account Statements (PCAPs) to investors, reflecting their capital balances, contributions, distributions, and allocations of income and loss.
-Manage the annual K-1 tax form distribution process, liaising with tax professionals to ensure timely and accurate delivery to investors.
-Provide investors with periodic performance reports, including metrics like IRR, total value to paid-in (TVPI), and distributions to paid-in (DPI).
-Manage investor reporting portals or platforms, ensuring timely uploads and updates of investor-related documents.

Employee Equity & Vesting Management:
-Maintain and update a comprehensive record of all employee equity or carried interest allocations, grants, and issuances.
-Track and manage vesting schedules for all employees, ensuring timely and accurate vesting of equity interests.
-Provide periodic reports to senior management on the status of employee equity accounts, upcoming vesting milestones, and other related metrics

Operational Support:
-Oversee the fund’s cash management, including treasury functions and liquidity forecasting.
-Liaise with portfolio managers, ensuring accurate record-keeping for portfolio investments.
-Assist with due diligence activities and maintain documentation.

Systems and Reporting:
Utilize and manage fund administration software, primarily Investran, to streamline operations and reporting.
Implement and maintain system enhancements to improve efficiency and accuracy.

Team Collaboration:
Collaborate with various departments, including legal, investment, and operations.

-Strong understanding of accounting principles, financial statements, and fund operations, with specific experience in managing general ledgers.
-Proficiency with Investran.
-Familiarity with equity management software or platforms used in tracking and managing employee equity or carried interest.