StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview:

The Fund Accountant will support the day-to-day accounting, NAV calculations and financial statements of the Company’s US and International retail private credit investment funds. The Fund Accountant will work closely with the Company’s Senior Fund Accountants and General Partners (“GP”).

Essential Functions:

This hands-on, detail-oriented position will:

CREDIT specific tasks

• Review daily position and cash reconciliations prepared by Administrator
• Prepare position and cash reconciliations for Webfolio or monitor and review ETOPS as they prepare.
• Book trades (or assist/review ETOPS booking) in Webfolio and maintain portfolio data housed in Webfolio
• Review and help SPAR maintain additional loan security data in AIDA required for valuations as it is received (Spreads, maturities, etc.)
• Assist SPAR (and Acuity) with updating quarterly portfolio company reporting (this is a monitoring function for the most part)
• Work with valuation specialists to run the valuation engine each week as data is received and load prices in Webfolio and provide to the Administrator
• Review and test administrator contract data and interest accruals daily
• STAR File processing and full Webfolio sign off
• Review all expense budget amounts and pay expenses with Dublin AP.
• Create draft RIC compliance files
• Calculate draft dividend amounts and review by investors
• Prepare QII calculations and withholding estimates
• Review Administrator/TA statements for investors
• Subscriptions/Redemptions reconciliation to statements and cash
• DRIP and Tender calculations
• Prepare monthly 8ks
• Review 10Q/Ks

General tasks

• Provide assistance with updates to portfolio management data (OMNI) and weekly reconciliation
• Assist in the preparation of semi-annual unaudited and annual audited financial statements in accordance with GAAP
• Assist in the preparation of monthly net asset value
• Prepare workpapers and supporting documentation for the annual financial statement audit
• Perform operational due diligence for each new GP and investment
• Support the accounting team in the closing of transactions, including responding to information requests, review of allocations, review of reporting requirements and other support and analysis as needed
• Support various fund administrators and coordinate delivery of required reporting, etc.
• Summarize and track annual partnership K-1s for each fund
• Respond to investor, sub-adviser and team member requests in a professional and timely manner
• Assist with daily work associated with accounting and reporting functions
• Process, track and summarize expenses across all funds
• Assist with preparation of company dashboards and board decks
• Perform other duties as requested or as responsibilities dictate

Education and Experience Requirements:

• Must possess a four-year college degree with a major in Accounting
• 4+ years of accounting or audit experience
• Previous experience with Investment Company Accounting and ASC 820 (FAS 157) preferred

Knowledge, Skills, and Ability Requirements:

• Strong verbal and written communication skills
• Astute attention to detail
• Strong Microsoft Excel experience
• Ability to multi-task and manage priorities against key deadlines

Other Attributes:

• Must be able to work independently, but contribute in a team-oriented environment

Salary Range - $80,000 - $90,000

The salary range is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Developing People at StepStone

#LI-Hybrid