We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
The Fund Accounting Manager will lead and oversee the day-to-day fund accounting, valuation, financial analysis, and reporting for U.S. and non-U.S. private funds. This position will supervise and mentor a team of fund accountants, coordinate with fund administrators and investment teams, and play a key role in ensuring accurate and timely financial reporting in accordance with U.S. GAAP and industry standards.
Essential Functions:This hands-on, detail-oriented position will:
- Lead and manage daily investment activity, including funding investments and overseeing investment related expenses
- Supervise the preparation of investment portfolio forecasts, accruals, and variance analyses, ensuring alignment with GAAP
- Review and maintain portfolio management data (SPI) and oversee weekly reconciliations to ensure data accuracy and integrity
- Oversee the preparation of monthly Valuation Committee materials; coordinate with deal teams and general partners (GPs) on valuation updates and related communications
- Lead operational due diligence reviews for new and existing GPs and investments
- Review and approve monthly net asset valuations (NAV) and ensure completeness of supporting workpapers and reconciliations
- Coordinate and manage the preparation of annual audit workpapers and liaise with external auditors to support timely financial statement audits
- Provide oversight and guidance during transaction closings, including reviewing allocations, reporting deliverables, and addressing complex accounting questions
- Monitor daily cash activity, including authorizing administrator wires, investment funding, and expense payments; maintain accurate cash flow forecasts
- Serve as primary point of contact with external fund administrators, ensuring timely and accurate reporting and service delivery
- Respond to inquiries from sub-advisors, internal stakeholders, and senior management in a timely and professional manner
- Lead and mentor junior fund accountants, providing training, feedback, and performance support to build team capability
- Support the preparation of internal dashboards, investor reports, and board presentation materials
- Identify opportunities to improve accounting processes, controls, and efficiencies
- Perform other duties as requested or as responsibilities dictate
- Bachelor’s degree in Accounting required; CPA strongly preferred
- 6-8 years of progressive accounting or audit experience, ideally within investment funds, private markets, or financial services
- Previous experience with Investment Company Accounting and ASC 820 (FAS 157) preferred
- Prior experience managing staff or overseeing accounting workstreams is a plus
- Strong verbal and written communication skills
- Strong Microsoft Excel experience
- Ability to multi-task and manage priorities against key deadlines
- Must be able to work independently, but contribute in a team-oriented environment
- CPA preferred
At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
Similar Jobs
What We Do
StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals.StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
