Fund and Private Equity Accounting - Manager - Philadelphia

EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.  At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.  

Fund Accounting/Fund Administration – US Expansion - Manager - Service Delivery Center: Primary location for this role is in Manayunk Loft-Philadelphia, PA.

 

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 and Insurance. 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 and PE Fund of Fund General Partner (GP) meet their fund controllership, investment books and records, regulatory, tax, and financial statement reporting requirements. 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 and identifying innovative ways for GPs to manage books and records, as well as timely fund financial statements.

 

Your key responsibilities

• Understand the intricacies of private equity and PE Fund-of-Fund investment operations and financial statement reporting
• Define new procedures and controls to enhance the overall operational risk process
• Drive high-quality work products within expected timeframes and budget
• Stay current on business and industry trends relevant to our clients, including the latest private equity fund structures and investment record keeping standards
• Manage a team of senior analysts to drive execution and provide high-quality work within expected timeframes and budget
• Review team’s work products and provide necessary coaching for improvement
• Ability to execute detailed procedures based on knowledge of PE fund controllership, investment books and records, and/or financial reporting processes
• Perform critical accounting activities, including capital calls, valuations, and 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
• Knowledgeable in private equity 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 6 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