Fund Accountant

Summary

Allocate is building an operating system for private markets that enables wealth advisors and their clients to access, transact in, and manage private market investments. The Fund Accountant will own the day-to-day operations of a portfolio of funds, including accounting, capital calls and distributions, investor reporting, cash management, and audit support. The role also partners with external service providers and product and engineering teams to improve fund workflows through automation.

Responsibilities

• Own day-to-day fund operations across financial accounting, capital calls and distributions, investor and financial reporting, and cash management
• Prepare and review quarterly and annual financial statements, capital account statements, and investor-level allocations
• Interpret fund legal documents — limited partnership agreements, subscription documents, and side letters — and apply their economic terms to allocations, waterfalls, and fee calculations
• 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
• Support other Allocate teams on processes related to fundraising, diligence, and investor relations
• 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

Skills

• 2–3+ years of experience within fund administration, private markets (venture capital or private equity), fintech, or another finance-oriented professional services capacity, with proven operations and project management skills
• Familiarity with fund accounting and administration concepts in private markets and the applicable reporting requirements
• Experience working within a regulated and supervised industry
• Robust analytical skills across quantitative and qualitative metrics
• Exemplary oral and written communication skills
• Ability and willingness to lead and manage complex initiatives and tasks
• Dedication to Allocate's mission
• Public accounting experience in an alternative investments or financial services practice
• Hands-on experience with a fund accounting platform, or with migrating from one platform to another
• Comfort using SQL, advanced Excel, or AI-assisted tools to speed up recurring analysis and reporting
• Fully Remote Position (within the United States)
• Travel may be required for company offsites
• Broadband internet connection required
• Location: All I-9 eligible candidates will be considered
• CPA or CFA, or meaningful progress toward either

Qualifications

Must Haves

• 2–3+ years of experience within fund administration, private markets (venture capital or private equity), fintech, or another finance-oriented professional services capacity, with proven operations and project management skills
• Familiarity with fund accounting and administration concepts in private markets and the applicable reporting requirements
• Experience working within a regulated and supervised industry
• Robust analytical skills across quantitative and qualitative metrics
• Exemplary oral and written communication skills
• Ability and willingness to lead and manage complex initiatives and tasks
• Dedication to Allocate's mission
• Public accounting experience in an alternative investments or financial services practice
• Hands-on experience with a fund accounting platform, or with migrating from one platform to another
• Comfort using SQL, advanced Excel, or AI-assisted tools to speed up recurring analysis and reporting
• Fully Remote Position (within the United States)
• Travel may be required for company offsites
• Broadband internet connection required
• Location: All I-9 eligible candidates will be considered

Nice to Haves

• CPA or CFA, or meaningful progress toward either

Benefits

• Medical, dental, and vision
• 401(k)
• Responsible vacation time (PTO)
• Bonus eligibility
• Equity eligibility
• Fully remote position within the United States