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Junior Accountant

New York

Permanent Capital Vehicles

Ref#: 2311

Date published: 20-May-2019

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $42.1 billion of assets under management as of September 30, 2018. Founded in 1998, Fortress manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on Fortress, please visit www.fortress.com.

About The Position

Fortress Private Equity Funds are looking to bring on a Fund Accountant to support various Private Equity Funds.  The Fund Accountant will get exposure to the Funds’ accounting, investor reporting and operations.  The primarily responsibility will be maintaining the books and records of various Private Equity Fund entities.  He or she will work closely with the Funds’ treasury team, valuation group and report directly to the Controller.

Responsibilities: 

·         Prepare journal entries and maintain the general ledger for various PE Fund entities

·         Maintenance of fund structures and investments in accounting database 

·         Prepare quarterly financial statements including note disclosures and supporting schedules 

·         Prepare capital call and distribution calculations, investor allocations and investor notices 

·         Monitor, track and reconcile capital call proceeds and distribution payments 

·         Prepare partner allocations and capital account statements

·         Prepare carried interest calculations and maintenance of waterfall model 

·         Coordinate and review of investor notices

·         Handle ad hoc investor requests and other investor reporting functions

·         Assist and handle requests from external auditors and tax teams

·         Identify and analyze cash activity for various fund entities

·         Review expense invoices and process cash disbursements via the treasury system

·         Perform bank account reconciliations for various funds

·         Prepare and/or review quarterly management reporting schedules

·         Perform ad hoc analysis and participate in projects and internal initiatives 

Qualifications: 

·         A Bachelor’s Degree in Accounting, Finance or related field 

·         1 – 3 years experience in an accounting role, preferably at a Big 4, Private Equity fund or Private Equity fund administrator

·         A professional accounting qualification (CPA) a plus

·         Knowledge of US Generally Accepted Accounting Principles (with an emphasis on accounting for investment funds a plus) 

·         Familiarity with Private Equity fund structures 

·         An analytical thinker and problem solver with attention to detail 

·         An ability to work under pressure to meet tight deadlines and balance multiple priorities 

·         Excellent interpersonal and communication skills, both written and verbal 

·         A team player with strong organizational skills and ability to see projects to completion 

·         Proficiency in Microsoft Office product suite and advanced MS Excel skills 

·         Experience with Investran or a similar integrated Private Equity system a plus 


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Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.