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 $675 billion of total capital allocations, including more than $169 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 Manager will be responsible for management and oversight of the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity, Venture Capital, Real Estate & Infrastructure investments in primary and secondary limited partnership investments and direct equity co-investments. In this position, the Manager will manage a team of accountants and various fund administrators. The Manager will also work closely with the Fund Accounting Treasury and Operations teams along with the Investment Operations team.

Essential Job Functions:

• Manage and oversee a portfolio of funds, which includes but is not limited to:
• Review work prepared by the fund administrator
• Reviewing accounting entries from the Fund Administrator’s accounting and reporting systems  
• Reviewing and reconciling cash and investment accounts with General Partner reports  
• Reviewing of investment partnership reports
• Reviewing and reconciliation of capital account activity
• Review quarterly unaudited and annual audited financial statements in accordance with GAAP
• Coordinate preparation of annual audits with outside CPA firm
• Review partner allocations and capital account statements
• Manage process for delivering quarterly and annual investor reports and other ad-hoc communications
• Review performance reports prepared by the SPAR team
• Calculate and distribute investor capital call and distribution notices
• Understand partnership agreements and interpret reporting requirements and partner economics
• Calculate management fees, distribution waterfalls and carried interest
• Corresponding with General Partners regarding accounting/reporting questions, or other issues, as necessary    
• Corresponding with underlying investors regarding questions, requests, etc.
• Respond to investor requests in a timely manner
• Perform other duties as requested or as responsibilities dictate
• Perform Treasury management functions, including
• Review and/or approve wire templates and wires
• Monitor the Fund’s cash positions and prepare cash projections as needed
• Manage the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, review of interest and unused fee calculations
• Perform other duties as required, including but not limited to:
• Review of K-1s and support for tax reporting and analysis of tax matters
• Support for the Compliance team, including preparation of materials for ADV, Form PF, SLT, etc.
• Support for other departments across StepStone

Education and/or Work Experience Requirements:

• Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting
• CPA and/or MBA Preferred
• A Bachelor’s Degree in Accounting with 5-7 years' professional accounting experience
• Ability to multi-task and manage priorities against fast-paced key deadlines
• Ideal candidates will have experience with SEC registered investment advisors
• Must be able to work independently but contribute in a team-oriented environment
• Previous experience with Investment Company Accounting and ASC 820 (FAS 157) and FIN 48
• Strong Microsoft Excel experience
• Experience training and managing junior professionals and reviewing the work of others

Other Attributes:

• Strong written and verbal communication skills
• Ability to maintain strict confidentiality of client, investment and company information
• Ability to problem solve and leverage technology
• Acute attention to accuracy and detail
• Professional demeanor and an ability to work well in a team environment
• Highly proficient in using Excel, Word, and other Microsoft office programs
• Willingness and ability to learn and implement new programs and processes

Salary Range - $105,000 - $130,000

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