Fund Accounting Manager

California, United States
23 Sep 2020
End of advertisement period
23 Nov 2020
Contract Type
Full Time

Stanford Management Company (SMC), the University’s investment office, is responsible for managing the University’s endowment funds, which provide critical financial support to current and future generations of students and scholars, supplying over one fifth of the University’s operating budget each year. SMC pursues a long-term, global, multi-asset class investment strategy that couples disciplined asset allocation with superior active management.  The investment portfolio is designed to optimize long-term returns, create meaningful annual payouts to the University’s operating budget, and preserve purchasing power for future generations of Stanford scholars and academics. With Stanford University’s brand and SMC’s reputation as a thoughtful, long-term source of capital, SMC is able to partner with the best investment firms in the world to drive superior returns. 

SMC is seeking an experienced accounting professional with high integrity for the position of Fund Accounting Manager. The manager will be responsible for overseeing accounting for all investment activities, including cash investment activities, trade processing and settlements, and will work with the investment team to set up and fund new investments, ensuring the accuracy of all related legal and financial information.  This position requires a strong understanding of GAAP accounting and private equity fund administration. The ideal candidate will thrive in a fast paced, deadline driven, environment in which first principles thinking guides their reasoning.


  • Manage accounting and fund administration activities; develop system and procedures to support reporting for the organization.
  • Review financial reports, capital calls, distributions, trades, wire transfers, fees, accruals, and valuations prepared by analysts. 
  • Onboard new investments, working closely with the investment, legal, and operations teams and external service providers.  Oversee maintenance of investment and manager information including operational contacts, wire instructions, legal entities, legal terms, ownership, benchmarks, attributes, and other critical information.
  • Design and execute internal controls for investment valuation and accounting. 
  • Identify operational challenges and opportunities for continuous improvement to ensure data accuracy and timeliness and increase efficiency.  Plan, execute, and lead process improvement initiatives.  Act as business owner on other major initiatives.
  • Cultivate strong relationship with the investment team, providing the highest level of client service.  Proactively coordinate investment activities and provide timely, relevant, and accurate investment information. 
  • Develop strong partnership with University departments such as Tax and Investment Accounting as well as with custodian bank and other service providers.
  • Manage fiscal year-end audit.
  • Work closely with director to determine staffing needs, make hiring decisions, and provide coaching, training, and mentoring.

The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned.


Education & Experience:

Master’s degree or CPA and six years of applicable experience, or an equivalent combination of education and relevant work experience.

Knowledge, Skills and Abilities:

  • CPA designation or candidate preferred.
  • Knowledge and ability to apply, interpret, and implement Generally Accepted Accounting Principles and strong understanding of private equity fund administration.
  • Strong technical skills, significant experience with portfolio accounting software.
  • Ability to prioritize workload, set deadlines independently and complete tasks in a timely and efficient manner.
  • Advanced written and oral communication skills, to clearly and effectively synthesize and articulate complex concepts in a simple, meaningful fashion.
  • Must be a critical thinker, intellectually curious, and unafraid to ask questions or give opinions. 
  • Excellent organizational and problem-solving skills with an attention to detail.
  • Strong leadership and strategic management skills, as well as ability to contribute as part of a multi-functional team.
  • Ability to utilize internal/external resources and interact with all levels of the organization with a cooperative and service-oriented attitude and demeanor.
  • Advanced knowledge of Microsoft applications, such as Excel skills, Word, Access, and PowerPoint.
  • Advanced analytical skills to review and analyze complex financial information.
  • Team orientation and strong interest in supporting the work of a university endowment.

Certifications and Licenses:



  • Constantly perform desk-based computer tasks.
  • Frequently sit, sort, file paperwork or parts, grasp lightly, and use fine manipulation, lift, carry, push and pull objects that weigh 10 pounds or less.
  • Occasionally write by hand, twist, bend, stoop and squat.
  • Rarely stand, walk, reach or work above shoulders and use a telephone.

* - Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.


  • May work extended hours during peak business cycles.


  • Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
  • Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.
  • Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University’s Administrative Guide,

*A background check will be required for all final candidates

We are not able to provide relocation or sponsorship for this position.

Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.

Additional Information

  • Schedule: Full-time
  • Job Code: 4457
  • Employee Status: Regular
  • Grade: L
  • Requisition ID: 87338

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