Position Summary
We are seeking an experienced Fund Accounting Operations Analyst with strong knowledge of fund accounting, investment operations, and client. The ideal candidate will have hands-on experience supporting hedge funds, private equity funds, or other alternative investment vehicles and will be comfortable working in a fast-paced financial services environment.
The role requires accounting expertise, operational discipline, a process-improvement mindset, and an interest in using automation and AI to improve fund administration activities.
Key Responsibilities
Fund Accounting and Operations
- Maintain fund general ledgers and process journal entries.
- Perform daily, monthly, quarterly, and annual NAV-related activities.
- Prepare workpapers, financial reports, and supporting accounting schedules.
- Execute cash, position, and transaction reconciliations.
- Support month-end and quarter-end close activities.
- Calculate management fees, incentive fees, carried interest, and waterfall allocations.
- Review and validate fund performance and valuation data.
Investment and Fund Administration
- Support hedge fund, private equity, and alternative investment structures.
- Assist with security and investment valuations.
- Perform trade lifecycle and investment accounting activities.
- Coordinate with custodians, administrators, auditors, and portfolio managers.
- Follow operational controls and applicable accounting policies.
Client and Conversion
- Support or lead fund migration and activities for new clients.
- Perform historical data conversion, validation, and reconciliation.
- Reconcile data between legacy and target platforms.
- Support UAT, parallel runs, transition activities, and issue resolution.
- Prepare documentation and client communication materials.
Process Improvement and Automation
- Identify opportunities to improve operational efficiency and control effectiveness.
- Use AI and automation tools to reduce manual effort and improve accuracy.
- Participate in digital transformation and workflow-enhancement initiatives.
- Develop and maintain process documentation, SOPs, and knowledge articles.
- Partner with technology teams on automation and platform improvements.
Required Qualifications
- Bachelor's degree in Accounting, Finance, Commerce, or a related field.
- 3+ years of experience in fund accounting or closely related investment accounting operations.
- Experience with journal entries, general ledger activities, reconciliations, and financial reporting.
- Understanding of hedge funds, private equity, mutual funds, or alternative investments.
- Strong analytical, problem-solving, and attention-to-detail skills.
- Advanced Excel skills and the ability to work with large financial datasets.
- Clear communication and stakeholder-management skills.
Preferred Qualifications
- Experience with Geneva, PCS, Investran, eFront, Allvue, Advent, or another fund accounting platform.
- Experience in a fund administration or asset-servicing environment.
- Exposure to client migrations, fund conversions, or new-client.
- Knowledge of AI, RPA, Microsoft Copilot, Power Automate, or similar automation tools.
- CPA, CA, CFA, or an equivalent financial certification is an advantage.
Talent Acquisition Search Guidance
Recommended Job Titles
- Fund Accountant
- Senior Fund Accountant
- Fund Accounting Analyst
- Fund Accounting Operations Analyst
- Investment Accounting Analyst
- Hedge Fund Accountant
- Private Equity Fund Accountant
- Fund Administration Analyst
Mandatory Search Keywords
- Fund Accounting
- Hedge Fund Accounting
- NAV Calculation
- Investment Accounting
- Fund Administration
- Reconciliation
- General Ledger
- Journal Entries
- Financial Reporting
- Waterfall Calculations
- Management Fee Calculations
Preferred Platform Keywords
- Geneva
- PCS
- Investran
- eFront
- Allvue
- Advent
- SS&C
Suggested Boolean Search String
("fund accountant" OR "fund accounting analyst" OR "investment accounting analyst") AND (NAV OR reconciliation OR "general ledger") AND (hedge OR "private equity" OR "alternative investments") AND (Geneva OR PCS OR Investran OR eFront OR Allvue OR Advent)
Sourcing Direction by Market
United States
- Search across fund administrators, asset servicers, investment managers, hedge funds, private equity firms, and financial-services consulting organizations.
- Prioritize candidates with direct fund accounting ownership, client-facing, conversion, or migration exposure.
- Include candidates with strong operations experience who also demonstrate process automation or AI interest.
India
- Search global capability centers, fund administrators, custody and asset-servicing organizations, BPM firms, and capital-markets consulting teams.
- Prioritize candidates supporting US or global fund accounting operations, month-end cycles, NAV, reconciliation, and client transitions.
- Assess communication skills, global stakeholder exposure, shift flexibility where required, and hands-on platform experience.
TA Screening Guide
Screening Area
Suggested Question
1. Direct experience
Describe your fund accounting responsibilities and the fund types you supported.
2. Accounting depth
Which journal entries, reconciliations, NAV activities, and workpapers did you personally prepare or review?
3. Fees and allocations
Explain your experience with management fees, incentive fees, carried interest, or waterfall calculations.
4. Platforms
Which fund accounting systems have you used, and what activities did you perform in them?
5. Client
Have you worked on a fund conversion, migration, or new-client? What was your role?
6. Automation and AI
Give an example of a manual process you improved using automation, analytics, or AI.
Screen-Out Indicators
- Background limited to accounts payable, accounts receivable, or general corporate accounting without fund-accounting exposure.
- No hands-on experience with reconciliations, NAV, investment products, or fund structures.
- Platform knowledge stated without clear examples of activities performed.
- No evidence of ownership, accuracy controls, deadline management, or stakeholder communication.
Ideal Candidate Profile
- 3+ years of relevant fund accounting experience, with stronger preference for candidates offering broader end-to-end ownership.
- Hedge fund, private equity, or alternative-investment exposure.
- Hands-on experience with Geneva, PCS, or another fund accounting platform.
- Client, conversion, migration, or reconciliation experience.
- Strong reporting, controls, and stakeholder-management capabilities.
- Process-improvement mindset with exposure to automation or AI.
Key Responsibilities
Fund Accounting and Operations
- Maintain fund general ledgers and process journal entries.
- Perform daily, monthly, quarterly, and annual NAV-related activities.
- Prepare workpapers, financial reports, and supporting accounting schedules.
- Execute cash, position, and transaction reconciliations.
- Support month-end and quarter-end close activities.
- Calculate management fees, incentive fees, carried interest, and waterfall allocations.
- Review and validate fund performance and valuation data.
Investment and Fund Administration
- Support hedge fund, private equity, and alternative investment structures.
- Assist with security and investment valuations.
- Perform trade lifecycle and investment accounting activities.
- Coordinate with custodians, administrators, auditors, and portfolio managers.
- Follow operational controls and applicable accounting policies.
Client and Conversion
- Support or lead fund migration and activities for new clients.
- Perform historical data conversion, validation, and reconciliation.
- Reconcile data between legacy and target platforms.
- Support UAT, parallel runs, transition activities, and issue resolution.
- Prepare documentation and client communication materials.
Process Improvement and Automation
- Identify opportunities to improve operational efficiency and control effectiveness.
- Use AI and automation tools to reduce manual effort and improve accuracy.
- Participate in digital transformation and workflow-enhancement initiatives.
- Develop and maintain process documentation, SOPs, and knowledge articles.
- Partner with technology teams on automation and platform improvements.
Required Qualifications
- Bachelor's degree in Accounting, Finance, Commerce, or a related field.
- 3+ years of experience in fund accounting or closely related investment accounting operations.
- Experience with journal entries, general ledger activities, reconciliations, and financial reporting.
- Understanding of hedge funds, private equity, mutual funds, or alternative investments.
- Strong analytical, problem-solving, and attention-to-detail skills.
- Advanced Excel skills and the ability to work with large financial datasets.
- Clear communication and stakeholder-management skills.
Preferred Qualifications
- Experience with Geneva, PCS, Investran, eFront, Allvue, Advent, or another fund accounting platform.
- Experience in a fund administration or asset-servicing environment.
- Exposure to client migrations, fund conversions, or new-client.
- Knowledge of AI, RPA, Microsoft Copilot, Power Automate, or similar automation tools.
- CPA, CA, CFA, or an equivalent financial certification is an advantage.
Talent Acquisition Search Guidance
Recommended Job Titles
- Fund Accountant
- Senior Fund Accountant
- Fund Accounting Analyst
- Fund Accounting Operations Analyst
- Investment Accounting Analyst
- Hedge Fund Accountant
- Private Equity Fund Accountant
- Fund Administration Analyst
Mandatory Search Keywords
- Fund Accounting
- Hedge Fund Accounting
- NAV Calculation
- Investment Accounting
- Fund Administration
- Reconciliation
- General Ledger
- Journal Entries
- Financial Reporting
- Waterfall Calculations
- Management Fee Calculations
Preferred Platform Keywords
- Geneva
- PCS
- Investran
- eFront
- Allvue
- Advent
- SS&C
Suggested Boolean Search String
("fund accountant" OR "fund accounting analyst" OR "investment accounting analyst") AND (NAV OR reconciliation OR "general ledger") AND (hedge OR "private equity" OR "alternative investments") AND (Geneva OR PCS OR Investran OR eFront OR Allvue OR Advent)
Sourcing Direction by Market
United States
- Search across fund administrators, asset servicers, investment managers, hedge funds, private equity firms, and financial-services consulting organizations.
- Prioritize candidates with direct fund accounting ownership, client-facing, conversion, or migration exposure.
- Include candidates with strong operations experience who also demonstrate process automation or AI interest.
India
- Search global capability centers, fund administrators, custody and asset-servicing organizations, BPM firms, and capital-markets consulting teams.
- Prioritize candidates supporting US or global fund accounting operations, month-end cycles, NAV, reconciliation, and client transitions.
- Assess communication skills, global stakeholder exposure, shift flexibility where required, and hands-on platform experience.
TA Screening Guide
Screening Area
Suggested Question
1. Direct experience
Describe your fund accounting responsibilities and the fund types you supported.
2. Accounting depth
Which journal entries, reconciliations, NAV activities, and workpapers did you personally prepare or review?
3. Fees and allocations
Explain your experience with management fees, incentive fees, carried interest, or waterfall calculations.
4. Platforms
Which fund accounting systems have you used, and what activities did you perform in them?
5. Client
Have you worked on a fund conversion, migration, or new-client? What was your role?
6. Automation and AI
Give an example of a manual process you improved using automation, analytics, or AI.
Screen-Out Indicators
- Background limited to accounts payable, accounts receivable, or general corporate accounting without fund-accounting exposure.
- No hands-on experience with reconciliations, NAV, investment products, or fund structures.
- Platform knowledge stated without clear examples of activities performed.
- No evidence of ownership, accuracy controls, deadline management, or stakeholder communication.
Ideal Candidate Profile
- 3+ years of relevant fund accounting experience, with stronger preference for candidates offering broader end-to-end ownership.
- Hedge fund, private equity, or alternative-investment exposure.
- Hands-on experience with Geneva, PCS, or another fund accounting platform.
- Client, conversion, migration, or reconciliation experience.
- Strong reporting, controls, and stakeholder-management capabilities.
- Process-improvement mindset with exposure to automation or AI.
