Associate – Private Equity Fund Services

Job Description

Associate, Private Equity Fund Services | Baker Tilly US

The Tone:
This is an Associate-level role at Baker Tilly US, a leading advisory, tax, and assurance firm with a significant presence across the U.S. and major global financial centers. Baker Tilly operates through an alternative practice structure, offering professional services to clients across diverse industries. With 43,000 professionals and a combined worldwide revenue of $5.2 billion, the firm is an independent member of Baker Tilly International. This role is crucial for supporting the Private Equity Fund Services team by ensuring accurate fund accounting, robust investor servicing, and efficient cash operations for private equity clients. It provides an early-career accounting or finance professional with a vital opportunity to contribute to critical financial controls, precise financial reporting processes, and the overall operational integrity of private equity fund services.

The TL;DR
• Role: Early Career
• Location: To be discussed with talent acquisition
• Pay: $71000–$100390 yearly
• Team: Private Equity Fund Services team, reporting to management
• Mission: Support fund accounting, investor servicing, and cash operations for private equity clients by adhering to documented procedures and internal controls.
• Tech Stack: Microsoft Excel, fund-accounting systems, banking platforms, workflow tools, investor portals, Investran

What You’ll Actually Do
• Fund Accounting and Reporting: Record daily journal entries and maintain supporting schedules for cash, capital activity, fund expenses, and other fund transactions, while preparing cash and bank reconciliations and escalating unresolved exceptions.
• Quarterly and Annual Reporting: Assist with comprehensive quarterly and annual reporting packages, financial statements, and the supporting documentation required for management reviews, client needs, audits, and tax requests.
• Fund-Level Payment Processing: Assist with the end-to-end processing of approved fund-level payments, including operating expenses, professional fees, management fees, investment-related funding, and other authorized disbursements, ensuring completeness and accuracy of all supporting documents.
• Cash Operations and Monitoring: Prepare wire, ACH, or other payment instructions in banking or treasury platforms for independent review and release, observe payment cutoffs and dual-authorization requirements, and monitor fund cash balances to support short-term cash forecasts.
• Internal Controls and Operational Support: Assist with quarterly internal control monitoring, annual external control audit requests, quarterly user-access reviews, issue tracking, and remediation follow-up, and help coordinate annual updates of SOC control policies and procedures.

The Must-Haves
• Background: Bachelor’s degree in Accounting, Finance, Business Administration, or a related field, well-suited for an early-career professional.
• Experience: Zero to two years of relevant experience in fund administration, private equity fund accounting, treasury or payment operations, investor services, audit, or other financial services; internships and co-op experience are fully considered.
• Skills: Foundational knowledge of accounting, cash activity, bank reconciliations, and financial controls, with the ability to apply established procedures consistently. Strong attention to detail and a disciplined approach to validating payment and distribution data, including entity, account, payee, amount, date, approval, and banking information. Working knowledge of Microsoft Excel and the ability to learn new fund-accounting systems, banking platforms, workflow tools, and investor portals. Strong written and verbal communication, organization, time management, and problem-solving skills, with the ability to meet payment cutoffs and multiple recurring deadlines. Understanding of, or willingness to learn, core control principles such as segregation of duties, dual approval, and evidence retention.
• Bonus: Exposure to private equity fund structures, capital calls, and investor distributions. Experience supporting payment processing, investor distributions, audit or control testing, cash operations, or related financial-operations workflows. Knowledge of Investran. Familiarity with multiple online banking portals, treasury-management, document-management, or investor-portal platforms.