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.
Position Overview:
The Manager / Senior Accounting Manager will be responsible for management and oversight of the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity, Venture Capital, Real Estate & Infrastructure investments in primary and secondary limited partnership investments and direct equity co- investments. In this position, the Manager / Senior Accounting Manager will manage a team of accountants and various fund administrators. The Manager / Senior Accounting Manager will also work closely with the Fund Accounting Treasury and Operations teams along with the Investment Operations team.
Essential Job Functions:
- Manage and oversee a portfolio of funds, which includes but is not limited to:
- Review work prepared by the fund administrator
- Reviewing accounting entries from the Fund Administrator’s accounting and reporting systems
- Reviewing and reconciling cash and investment accounts with General Partner reports
- Reviewing of investment partnership reports
- Reviewing and reconciliation of capital account activity
- Review quarterly unaudited and annual audited financial statements in accordance with GAAP
- Coordinate preparation of annual audits with outside CPA firm
- Reviewpartner allocations and capital account statements
- Manage process for delivering quarterly and annual investor reports and other ad-hoc communications
- Calculate and distribute investor capital call and distribution notices
- Understand partnership agreements and interpret reporting requirements and partner economics
- Calculate management fees, distribution waterfalls and carried interest
- Corresponding with General Partners regarding accounting/reporting questions, or other issues, as necessary
- Corresponding with underlying investors regarding questions, requests,
- Respond to investor requests in a timely manner
- Perform other duties as requested or as responsibilities dictate
- Perform Treasury management functions, including
- Review and/or approve wire templates and wires
- Monitor the Fund’s cash positions and prepare cash projections as needed
- Manage the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, review of interest and unused fee calculations
- Perform other duties as required, including but not limited to:
- Review of K-1s and support for tax reporting and analysis of tax matters
- Support for the Compliance team, including preparation of materials for ADV, Form PF, SLT, etc.
Qualifications:
- Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting
- CPA and/or MBA Preferred
- A Bachelor’s Degree in Accounting with 5-7 years' professional accounting experience
- Ability to multi-task and manage priorities against fast-paced key deadlines
- Ideal candidates will have experience with SEC registered investment advisors
- Must be able to work independently but contribute in a team-oriented environment
- Previous experience with Investment Company Accounting and ASC 820 (FAS 157) and FIN 48
- Strong Microsoft Excel experience
- Experience training and managing junior professionals and reviewing the work of others
Required Knowledge, Skills, and Abilities:
- Strong written and verbal communication skills
- Ability to maintain strict confidentiality of client, investment and company information
- Ability to problem solve and leverage technology
- Acute attention to accuracy and detail
- Professional demeanor and an ability to work well in a team environment
- Highly proficient in using Excel, Word, and other Microsoft office programs
- Willingness and ability to learn and implement new programs and processes
Salary Range: $120,000 - $140,000
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
#LI-Hybrid
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.
Candidates must be at least 18 years old to apply.
Developing People at StepStone
Skills Required
- Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting.
- Bachelor's Degree in Accounting with 5-7 years' professional accounting experience.
- Previous experience with Investment Company Accounting and ASC 820 (FAS 157) and FIN 48.
- Strong Microsoft Excel experience.
- Experience training and managing junior professionals and reviewing the work of others.
- Ability to multi-task and manage priorities against fast-paced key deadlines.
- Strong written and verbal communication skills.
- Ability to maintain strict confidentiality of client, investment and company information.
- CPA and/or MBA.
- Experience with SEC registered investment advisors (ideal).
StepStone Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about StepStone Group and has not been reviewed or approved by StepStone Group.
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Healthcare Strength — Health coverage is described as generous with multiple plan options, and in some cases employee‑only premiums are fully paid. Feedback suggests wellness resources and plan choice enhance the overall value of the package.
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Retirement Support — Retirement offerings include a 401(k) program that is viewed favorably. Feedback suggests long‑term incentive elements complement core retirement benefits.
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Parental & Family Support — Parental support includes leave coaching, paid parental leave, and resources for new parents alongside related travel and logistical supports. Feedback suggests these policies are a meaningful part of the benefits package.
StepStone Group Insights
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.
