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Director, Private Fund Administration – Accounting
Location
Maryland
Posted
15 days ago
Salary
$173K - $350K / year
Seniority
Lead
Job Description
Director, Private Fund Administration – Accounting
T. Rowe Price
• Accountable for accounting functions related to TRP private funds' franchise • Partners with other functional teams within FA&A and across TRP to determine appropriate support model for the most complex funds and transaction types • Develops strategy for and leverages external providers to enable products and client needs • May be responsible for managing and developing a limited number of more junior associates within FA&A • Develops the most complex FA&A procedures, processes and policies based on regulatory requirements, market practices and internal stakeholder needs • Leads major change initiatives within the firm – operating or executive sponsor • Develops and maintains content designed to communicate about the team and its activities to a broad range of stakeholders
Job Requirements
- Bachelor's degree or the equivalent combination of education and relevant experience
- 10+ years of total relevant work experience
- 14+ years of accounting/finance experience, with focus on alternative investments
- Expertise in fund accounting, NAV calculations, and partnership capital account structures
- Experience with financial reporting for complex vehicles (e.g., feeder funds, multi-tiered structures, SPVs)
- Familiarity with carried interest calculations, management fee waterfalls, and investor allocations
- Exposure to regulatory compliance (SEC, AIFMD, FATCA, etc.) and tax considerations (e.g., pass-through entities)
- Understanding of fund lifecycle processes (capital calls, distributions, liquidity events)
- Ability to manage audits (fund-level and entity-level) and liaise with auditors
- Experience with capital account statements and investor reporting (IRR, MOIC, performance metrics)
Benefits
- Competitive compensation
- Annual bonus eligibility
- A generous retirement plan
- Hybrid work schedule
- Health and wellness benefits, including online therapy
- Paid time off for vacation, illness, medical appointments, and volunteering days
- Family care resources, including fertility and adoption benefits
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