Led by its three original co-founders Steven Millner, Steven Alecia and Norman Leben since 2009, Gen II is a leading pure-play provider of alternative asset fund administration services.
What is mutual fund administration?
Fund administration is a service whereby a third-party company acts as an intermediary between fund managers and investors to verify and distribute assets tied to investments.
What is private equity fund administration?
What is private equity fund administration? Private Equity Fund Administration include functions related to the funds operations including functions such as regulatory and compliance, fund accounting, audit oversight, investor reporting, and tax requirements.
What is fund accounting process?
Fund accounting is a system of accounting used by non-profit entities to tracking the amount of cash assigned to different purposes and the usage of that cash. The intent of fund accounting is not to track whether an entity has generated a profit, since this is not the purpose of a non-profit.
What does Gen II do?
Gen II Fund Services, LLC is the largest independent, U.S. based, private equity fund administrator, administering over $650+B of private capital. The Gen II team is the longest-tenured, most experienced team in the fund administration industry. For more information, please visit www.gen2fund.com.
Is Gen II a good company?
The firm has a stellar reputation in the industry and provides personalized, hands on service to its clients. Low turnover among employees, management and clients.
What does fund accountant do?
Fund accountants conduct daily analysis of various financial metrics to help firms set a price or value of their funds. They also calculate and report income, expense, and item-specific accrual statements including a dividend or interest income worksheet and other schedules including a T-bill.
Is fund accounting a good career?
Yes, it can be a good job. Major thing to be careful about: exit opportunities. If you live in an area with lots of investment funds/hedge funds/VC/PE/mutual funds/etc, then it won't be a problem, and there are probably a lot of people with heavy experience in the field.Jul 8, 2014
How much does a fund accountant earn?
The salaries of Fund Accountants in the US range from $12,955 to $342,306 , with a median salary of $62,103 . The middle 57% of Fund Accountants makes between $62,103 and $154,525, with the top 86% making $342,306.