Job Description

Hedge Fund and Private Equity Accountant Join to apply for the Hedge Fund and Private Equity Accountant role at Stone Coast Fund Services. We’ve founded a company that values your time, career, talents, and drive. We seek hard‑working applicants ready to be trained for an exciting role in a fast‑paced financial company. We offer remote work flexibility, competitive pay and benefits, rapid opportunity for promotion, and the chance to give back through fully paid community service days. We invest in our employees and our community, and our accelerated growth, dynamic company culture, and high retention rate speak for themselves. Remote/Hybrid Work Flexibility This position offers hybrid remote work flexibility within Maine (minimum 2 in‑office days per week). Fully remote work opportunities will be considered for residents of the following states: FL, GA, IN, IO, KY, ME, MI, MO, NH, NJ, NC, PA, RI, SC, TX, VA, WI. The Position As a member of the Fund Accounting team, the Private Equity Fund Accountant position would be responsible for the following: Understand and complete daily/monthly/quarterly Net Asset Value (NAV) preparation for Private Equity Funds along with some traditional hedge funds, including cash and portfolio reconciliations, investment holdings valuations, and income and expense accruals Prepare calculations and notices for fund events such as capital calls, distributions, and subsequent closes Calculate carried interest and understand differing waterfall structures/tiers including preferred returns Allocate profit and loss to investors/shareholders, including the calculation of management and performance fees for Hedge Funds and Private Equity funds and their investors Prepare Private Equity‑specific financial statements, adhering to regulatory and industry standards Review and understand private equity fund clients’ offering documents, PPMs, commitment documents, and other materials, including the impacts to the fund during various periods of the fund’s lifecycle (e.g., treatment of recycling/recallable distributions, subsequent close interest, and other closed‑end features) Process and record fund expense payments and ensure cash wire requests are completed accurately and timely Generate and deliver fund and investor reports to fund managers and investors of assigned clients Prepare and deliver supporting materials as necessary for board meetings, financial statements, and audit and regulatory requests related to assigned clients Communicate with internal and external entities on fund accounting matters and assist in issue resolution Qualifications and Experience Fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained PE process and products knowledge Familiarity with the types of investments and strategies held by Private Equity funds Ability to learn complicated concepts quickly Proficiency with Microsoft Office; advanced Excel (formulas, pivot tables, and filtering) is a must Superior verbal and written communication skills Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investor is a plus Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system is a plus Experience with financial reporting, information security, and client, vendor, and risk management is a plus Education Requirements Four‑year college degree, preferably in Accounting, Finance, Business Management, or Economics Application Requirements Please include an updated copy of your resume with your application. Cover letters are read and considered, although they are not required. Interested? We seek high aptitude, intellectually curious candidates who enjoy working as part of a team, satisfying our clients, and striving for the highest standards. The quality of our services derives from the quality of our people. We seek smart, hard‑working, ethical, and friendly professionals—from recent college graduates to fund administration veterans. If you’re unsure whether this role is the perfect fit, apply anyway. You might be exactly who we are looking for. Inclusivity & Equal Opportunity Statement Stone Coast is committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and colleagues without regard to race, religion, ethnicity, national origin, sex or sexual orientation, gender identity, disability, age, veteran status, or any other basis prohibited by applicable laws. If you don’t see an opening for which you are qualified, but have relevant industry experience, please consider applying to our General Application at the Career Center at or check us out on LinkedIn. Our growth compels us to continuously search for talent, and we may be contemplating a position that fits your experience. Seniority level Entry level Employment type Full-time Job function Accounting/Auditing and Finance Referrals increase your chances of interviewing at Stone Coast Fund Services by 2x Get notified about new Hedge Fund Accountant jobs in Portland, ME. We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr Stone Coast Fund Services

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