Job Description

Position: Senior Associate, Fund Accounting

Location : New York, New York (On-site 5 Days/week)

Reports to: Vice President, Operations

About Wafra:

Wafra Inc. ("Wafra" or the "Firm") is a leading global investment firm currently managing approximately $28 billion in assets and commitments across a variety of asset strategies. Behind our investment strategies are talented professionals, principally in New York and other financial centers, who bring expertise and experience to deliver strategic, reward-focused solutions. Wafra seeks to provide long-term investment return solutions that span not just years, but generations.

Position Description:

The Fund Accounting Senior Associate will be responsible for daily fund operations and overseeing the accounting and financial reporting prepared by external fund administrators for a group of GP entities, private equity funds, funds of hedge funds, or hybrid funds (“Private Funds”). This role will be analyzing financial data, performing various reconciliations, and preparing support for the fund’s business activities. Successful candidates will possess strong interpersonal skills and the ability to multitask in a fast-paced environment. Total compensation will be competitive and commensurate with experience.

Duties and Responsibilities:

• Perform reviews over NAVs prepared by external fund administrators and verify investment positions and accuracy of transactions for a portfolio of complex private equity funds
• Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements to ensure proper application of fund terms
• Assist with review and validation of management fees and waterfall calculations to ensure their accuracy and compliance with fund governing documents
• Monitoring of investment transactions, preparation of portfolio track record and analysis
• Review ILPA compliant capital call and distribution notices, investor capital statements, and quarterly reports to investors
• Perform review of financial statements and footnotes, ensuring consistency with relevant reporting framework
• Perform carried interest allocation, analytics on carried interest movement, understand carried interest terms such as distribution waterfall and GP clawback
• Ad-hoc reporting and deliverables

Requirements:

• Bachelor's degree or equivalent and 3-5 years of experience in fund accounting or public accounting
• Detail-oriented, strong organization and communication skills with a demonstrated ability to communicate and work with colleagues at different levels
• Solutions based mentality and approach to problem solving
• Ability to thrive in a fast-paced, growing environment
• Knowledge of private equity/hedge fund industry required
• Proficient with Microsoft suite of applications (Excel, Word, PowerPoint)
• Bachelor’s degree with a major in Accounting, Finance, Economics, or similar
• CPA or prior public accounting experience in Big 4 is a plus

Please send your resume to OperationsRecruiting@wafra.com with the subject line "Operations Associate”

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