Fund Accounting Senior Manager

About PayJoy

PayJoy is a mission-first financial service provider dedicated to helping under-served customers in emerging markets to achieve financial stability and success. We lend through our patented technology that turns a smartphone into digital collateral, and our cutting-edge machine learning, data science, and anti-fraud AI allow us to offer the lowest cost and qualify the most customers in the industry. As of 2024 we have brought billions of dollars in credit to 12 million customers, doubling in the last two years while remaining strongly profitable and sustainable for the long term.

This role

The Fund Accounting Manager will play a critical role in overseeing and managing the daily fund accounting operations. This individual will be responsible for ensuring the accurate and timely delivery of financial reports, reconciliations, and NAV calculations for the funds under management. The role requires deep knowledge of accounting principles and expertise in investment and fund structures. The Fund Accounting Manager will collaborate closely with portfolio managers, auditors, and external stakeholders to ensure compliance with regulatory requirements and industry standards, while continuously improving processes and efficiencies.

The successful candidate will have strong attention to detail, excellent knowledge of fund structures and accounting principles, and the ability to manage multiple deadlines effectively. They should be highly organized, proactive, and adaptable to changing regulations. Strong communication and analytical skills, along with a commitment to accuracy, are essential for collaborating with both internal and external stakeholders in a fast-paced financial environment.

Responsibilities

• Oversee the preparation and review of financial statements, NAV calculations, and investor reports for managed funds.
• Ensure timely and accurate completion of all fund accounting processes, including reconciliations and audits.
• Collaborate with portfolio managers, auditors, and external stakeholders to meet reporting and compliance requirements.
• Monitor fund performance, cash flows, and investment transactions to ensure proper accounting treatment.
• Maintain compliance with regulatory guidelines and industry standards for fund accounting and reporting.
• Continuously evaluate and improve accounting processes to enhance efficiency and accuracy.
• Assist with the preparation of tax filings and coordinate with external tax advisors as needed.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field; CPA or equivalent qualification preferred.
• 5+ years of experience in fund accounting, financial services, or a similar role.
• Strong understanding of investment structures, financial reporting, and regulatory requirements.
• Proficiency in accounting software and Excel, with strong analytical and problem-solving skills.
• Excellent communication and organizational skills, with the ability to manage multiple priorities and deadlines.

Desirable qualifications

• Experience with complex fund structures, including multinational funds.
• Strong Netsuite experience.
• Proven ability to streamline processes and improve operational efficiency.
• Strong leadership or mentoring capabilities.
• Ability to adapt quickly to changing regulations and industry trends.

Benefits

• Company-funded health, dental, and vision insurance for employee and immediate family
• Company-funded employee life and disability insurance
• 3% employer 401k contribution
• Company holidays; 20 days vacations; flexible sick leave
• $2,000 USD annual Coworking Travel Perk
• $2,000 USD annual Professional Development Perk Perk
• $500 USD annual Fitness Perk
• $250 USD Home Office equipment allowance
• $250 USD Headphone allowance

PayJoy is proud to be an Equal Employment Opportunity employer and we welcome and encourage people of all backgrounds. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

PayJoy Principles

Finance for the next billion * Ownership * Break Through Walls * Live Communication * Transparency & Directness * Focus on Scale * Work-Life Balance * Embrace Diversity * Speed * Active Listening