Site Title
V1 Fund Services LLC is a professional organization formed in the state of Florida, providing Fund Administration, Monitoring and Due Diligence services to Private Equity, Hedge Funds, Family Offices and Venture Capital firms on and off shore. Our clients range from startup funds with a few selected investors to large investment managers with capital in excess of $10 billion.
We are looking for a few professional, purpose driven individuals to join our Boca Raton team.
Accountant or Bookkeeper
Job Description
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Account for financial transactions by establishing a chart of accounts; defining bookkeeping policies and procedures.
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Maintains subsidiary accounts by verifying, allocating, and posting transactions.
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Balances subsidiary accounts by reconciling entries.
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Maintains general ledger by transferring subsidiary account summaries.
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Balances general ledger by preparing a trial balance; reconciling entries.
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Maintains historical records by filing documents.
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Prepares financial reports by collecting, analyzing, and summarizing account information and trends.
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Contributes to team effort by accomplishing related results as needed.
Desired Skills and Experience:
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Must be proficient in the use of computers and related software such as MS Word, MS Excel, and QuickBooks.
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Must be extremely organized, detail-oriented, efficient, and highly analytical, with strong written and verbal communication skills.
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Fluent in accounting, and bookkeeping principles are a necessity.
Fund Accountant
Job Description
A Fund Accountant with V1 Fund Services acts as an intermediary between our CFO, our portfolio manager clients and external vendors which includes the funds administrators, audit and tax professionals. The Fund Accountant will oversee all fund administrative functions and perform all accounting required in the preparation of fund financial reporting, partner NAV allocations and overall fund operations for the alternative investment portfolios that we service for our hedge fund and private equity clients.
The Fund Accountant is expected to assume the following responsibilities:
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Intermediary Interfaces with portfolio managers and investment professionals regarding investments in underlying funds
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Assumes the main contact role with outside auditors and tax advisors in completion of year-end audits and tax returns
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Accounting Cash and Portfolio Reconciliations
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Prepare budget for each fund
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Process Capital Distributions to Investors
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Ensures all financial reporting/information to clients/investors is reviewed and validated for accuracy prior to dissemination
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Partner/Shareholder Allocation calculations, including incentive and management fee calculations
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Monitor clients cash receipts and apply to loan investments
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Monitor deal covenants for each deal to ensure that each credit remains in compliance with deal documents at all times.
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Process funding on new deals
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Process disbursements for client draws on Revolver accounts
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Process Capital Calls against investor commitments Income and Expense Accruals Reporting
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Daily/Weekly/Monthly Net Asset Value preparation
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Ensures that Financial Statements are accurately prepared, and deadlines are met
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Prepares monthly, quarterly and annual client financial statements
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Other Ad Hoc Reports as needed
Desired Skills and Experience:
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Bachelors Degree in Business Administration with an Accounting or Finance major preferred;
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2-3 years of fund accounting, fund administration or public accounting experience preferred;
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Strong computer skills; advanced Microsoft Excel proficiency is an absolute must
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Strong problem solving / decision-making / organization capabilities
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Ability and willingness to multi-task and re-prioritize in a fast-paced environment
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Excellent verbal and written communication skills in a highly professional environment
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Collaborative, team-oriented work style with willingness to learn and receive corrective criticism
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Excellent prioritization skills and a commitment to meeting deadlines
Send resume to Veronica@v1capitaladvisors.com