Fund Accountant

Atlanta, GA
Full Time
Finance - L5 Capital Partners
Mid Level

L5 Capital Partners is looking for a Fund Accountant to join our growing team. Reporting to the Fund Controller, this role will liaise with third parties, including the fund administrator and auditors, to ensure L5 Capital Partner’s fund reporting is timely and accurate. This is an exciting opportunity to help shape the back-office operations of a rapidly growing private equity firm.

Responsibilities:

  • Work closely with the third-party fund administrator on the preparation of quarterly and annual financial statements and supporting workbooks, including fee calculations and P&L allocations
  • Perform first review of work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
  • Process journal entries for non-complex transactions, and prepare supporting financial schedules and reports
  • Coordinate with fund administrator on preparing investor allocations and capital account statements
  • Coordinate with fund administrator to prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
  • Support the year-end audit process, in collaboration with the team, client, and auditors
  • Support the tax team with information to prepare tax compliance/reports, where applicable
  • Deliver accurate and timely work product within specified deliverables timelines
  • Liaise with the investment team for seamless deal execution, portfolio monitoring and funding/disbursements while recording and accounting for related transactions
  • Review bank reconciliations and general ledgers for management entities and assisting with budgeting, strategic analysis and profitability of business units
  • Analyze and calculate investment/fund performance and projections including returns and carried interest waterfall.
  • Ad hoc analysis for Fund Controller and other responsibilities as needed

Qualifications:

  • Bachelor's degree in Finance/Accounting.
  • 2-5 years of total experience in an accounting or finance
  • Background in Fund Administration or Private Equity preferred but not required.
  • Proficient in Excel is a must
  • Experience with QuickBooks software is a plus. 
  • Self-motivated, organized and flexible.
  • Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.
  • The Associate must have excellent client service skills, and the ability to work within a team toward the timely and accurate production of client deliverables

 

Company Summary:

Level 5 Capital Partners (L5) is a boutique private equity firm focused on health, wellness, and family services that will positively impact our employees, our customers and our local communities while delivering superior business performance. L5’s current partner companies are the 3rd largest yoga operator in the world, Level 4 Yoga, LLC (dba CorePower Yoga); Big Blue Swim School; L5 Fitness, LLC (dba Orangetheory Fitness); Restore Hyper Wellness + Cryotherapy; Heyday Skincare; and Kidstrong. We are looking to build our team with individuals who share our passion and energy and have the skills to bring it to life. 

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