About the Job
Ventura Fund Services, LLC is a newly launched Private Equity Fund Administration Firm and is looking for a Fund Accountant to provide accounting services including preparation and processing of transactions and financial statements with supporting schedules and work papers for its Iselin, New Jersey office.
Primary Responsibilities Will Include:
- Work closely with the client engagement manager and client counterpart to manage daily fund operations and have an active role in client and 3rd party communications
- Prepare and record general journal entries, including all types of periodic investment income and expense accruals
- Manage accounts payable and process cash disbursements
- Maintain general ledger, including preparation and update of system generated financial statements and other accounting reports
- Prepare bank, custody account reconciliations
- Reconcile, analyze and review accounting activity for reasonableness
- Prepare periodic investment fund calculations including capital calls, management fees, investor income allocations, and distributions in accordance with fund governing documents
- Prepare investment related accounting entries including portfolio purchases and sales and recurring investment income accruals in accordance with fund governing documents
- Assist with the preparation of quarterly and annual financial workpaper packages to support interim and year-end financial statements and period-end partner capital statements in accordance with fund governing documents
- Assemble documentation and information to assist with the year-end audit process
- Assist with various ad-hoc special projects and client requests
- Maintain confidentiality of all sensitive and confidential data
- Adhere to all internal organizational policies and procedures including time tracking, filing, organizational structure control, etc.
Job Requirements, Skills, Education, and Experience:
Qualifications (NOTE: Ventura Fund Services does not offer Employment Sponsorship for work visas)
- Bachelor’s or advanced degree in Accounting
- Professional experience preferred
- Proficient Microsoft Office – especially Excel
- Strong interpersonal skills
- Strong written and verbal communication skills
- Strong organizational skills and attention to detail a must
- Ability to multi-task and complete assigned duties under strict deadlines
- Self-motivated with the ability to work well under pressure individually as well as in a team environment
The salary range will depend on candidate’s experience but in addition to the salary, there will be a discretionary bonus and comprehensive benefits package.
Work Arrangement
All applicants applying to Ventura Fund Services, LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule, comprised of three (3) days a week in our office and two (2) days remotely.
About The Company
Launched in 2024, Ventura Fund Services is a U.S.-based, management-owned and operated Fund Administrator specializing in fund administration and providing a range of services including accounting, reporting, investor services, and compliance. Our operational solutions are tailored to meet the unique requirements of U.S. Private Equity, Real Estate, Venture Capital, Credit and Infrastructure fund managers.
Key Facts:
- Servicing nearly every type of significant investor in the asset class
- Institutional grade infrastructure SOC-1 certification, ensuring confidence in our processes and operating model
- Experienced and hands on management team
