Senior Fund Accountant

ABOUT ALLOCATE

Allocate is building the operating system for private markets — wealth advisors and their clients use the platform to access, transact in, and manage private market investments. The platform supports 350+ advisory firms and 1,500+ GP relationships, with $ 5B+ in assets on the platform.

ABOUT THE ROLE

Atlas Fund Services, LLC is the fund administration business unit of Allocate. Our team runs the operations behind the private market funds and feeder vehicles that advisors and their clients access through the Allocate platform — fund accounting, capital calls and distributions, investor allocations, financial statements, and audit support.

As a Senior Fund Accountant, you will own our most complex funds end to end and serve as the reviewer and technical resource for the accountants working alongside you. You will be the person who reads the partnership agreement, decides how an unusual provision should be applied, and stands behind that answer with auditors, fund sponsors, and investors. You will also work closely with our product and engineering teams, since the systems that run this work are built in-house and shaped by the people who use them.

This is a senior individual contributor role without direct reports. It suits someone who has already run private markets fund operations at depth, is ready to raise the standard of the work around them, and would rather build better process than repeat the same one.

WHAT YOU’LL OWN

• Own end-to-end fund operations for a portfolio of the firm’s more complex funds and vehicles, including financial accounting, capital calls and distributions, investor reporting, and cash management.

• Review the work of other fund accountants — allocations, capital account statements, capital call and distribution notices, and reconciliations — and give feedback that raises the quality of the team’s output.

• Interpret partnership agreements, subscription documents, and side letters, and translate their economic terms into allocations, waterfalls, carried interest, and management fee calculations.

• Prepare and review quarterly and annual financial statements and footnote disclosures, and serve as the primary point of contact for the fund audit.

• Partner with external service providers across banking, legal, audit, and tax to create a seamless experience for investors and fund sponsors.

• Work actively with the software development team to scope, test, and implement automation and other efficiency improvements across fund workflows.

• Serve as a technical resource and informal mentor for less experienced members of the team.

• Lead special projects and initiatives where your interests and Allocate’s strategic priorities align.

• Follow and contribute to the ongoing improvement of compliance policies and process documentation.

WHAT SUCCESS LOOKS LIKE

• The funds you own close, report, and distribute on schedule, and the work you review goes out right the first time.

• Fund audits complete on deadline with no material adjustments or significant deficiencies, with you as the primary contact.

• Complex or ambiguous fund terms get a clear, documented answer that the team can apply consistently the next time they come up.

• Junior accountants measurably improve under your review, and fewer issues reach the Managing Director unresolved.

• You partner with product and engineering to eliminate recurring manual work, with visible reductions in cycle time each quarter.

WHO YOU ARE

• 5+ years of experience in fund administration servicing private equity and/or venture capital funds, with proven operations and project management skills.

• Deep working knowledge of private markets fund accounting — allocations, waterfalls, carried interest, management fees, and the applicable reporting requirements.

• Hands-on experience with a fund accounting platform and confidence learning a new one.

• Comfort reading and applying fund legal documents, including limited par