Fund Accounting Manager

Description

The Fund Accounting Manager will manage a variety of financial and accounting responsibilities as well as special projects related to private equity funds, open-ended “hedge” funds, and separately managed accounts. Specific responsibilities will include NAV calculation / reconciliation, preparing and analyzing Fund financial statements, investor reporting and investor interface, cash flow / liquidity forecasts, securitization reporting, and other special projects.

In addition to core fund accounting responsibilities, this role will play a key part in enhancing operational efficiency through process improvements and automation. The Fund Accounting Manager will lead initiatives to streamline recurring workflows, improve reporting accuracy, and transition certain processes to more scalable, technology-enabled solutions. This individual will work closely with fund accounting, corporate accounting, investors, external auditors, and tax service providers in a highly collaborative environment.

Key Responsibilities

The Fund Accounting Manager is primarily responsible for monthly, quarterly, and annual reporting to the limited partners of the funds and separately managed accounts (“SMAs”). The day-to-day responsibilities include, but are not limited to :

Collaborate with outsourced accounting team and fund administrator to :

• Reconcile monthly / quarterly reporting to LPs — Fund NAV and financial statements.
• Prepare investor capital calls and distribution notices.
• Produce partner account statements and other required financial information including investor commitments, asset accrual methodology, and output.
• Confirm all aspects of NAV are in accordance with respective fund documents.
• Work with valuation team to ensure proper valuation and cash flow forecasts for portfolio.
• Assist internal and external parties with the annual audit for the fund vehicles at year-end, including preparing financial statement footnotes.
• Respond to investor requests appropriately, accurately, and timely with a focus on client service.
• Complete and maintain various fund, investment, and investor reporting metrics.
• Support with regulatory / compliance requests as needed.
• Manage cash needs and facilitate daily wires for investment purchases.
• Coach junior staff on an informal basis.
• Assist senior management with special projects and ad hoc requests as needed.
• Improve processes in place and automate where possible related to weekly loan purchases and coordination with SMAs, as well as monthly reporting and distributions.
• Assist with transitioning the internal joint securitization valuation and economics file from quarterly to monthly, including streamlining, automation, and process redesign.

Skills, Knowledge and Expertise

Key Competencies

Leadership : Ability to guide junior staff and lead cross-functional projects.

How This Role Demonstrates Our Values

Integrity : Ensures financial accuracy and compliance with fund documents, regulations, and audit requirements.

Collaboration : Works closely with cross-functional teams, investors, auditors, and administrators to achieve shared goals.

Excellence : Delivers high-quality reporting, timely responses to investors, and continuous improvements in processes.

Critical Curiosity : Seeks and implements automation and technology-enabled solutions to enhance efficiency and scalability.

Benefits

Invictus Capital Partners, LP (“Invictus”), a leading investment firm, and its subsidiary Verus Residential Loanco, LLC (“Verus,” and together with Invictus, the “Companies”), manage and oversee investments in Non-Agency single family residential mortgage loans.  Invictus is located in Washington, D.C. and has approximately 50 employees, and Verus is located in Minneapolis and has approximately 200 employees.  The Companies have overseen the acquisition of over $38 billion of mortgage loans since their inception.  In addition, Invictus manages over $19 billion in gross assets and has completed over 70 rated securitizations.  Interested candidates can learn more about the Companies by visiting www.invictuscp.com and www.verusmc.com.