We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
Position Overview:
The Accounts Payable Senior Accountant is a member of the corporate accounting team and is responsible for assisting with accounts payable/treasury functions for StepStone’s investment funds.
Eessential Job Functions:
The position requires a hands-on, proactive, and highly detail-oriented individual who will process accounts payable items and work closely with StepStone’s corporate accounting, fund accounting, legal team, and external vendors both domestic and international. Further, this position requires strong Excel skills and being able to aggregate and present large amounts of data, while meeting strict deadlines.
Specific activities include:
- Perform day-to-day accounts payable activities, including but not limited to:
o Respond to and track responses in the Fund AP inbox
o Initiate and process new vendor name and new fund name set-ups in NetSuite
o Process vendor invoices
o Process vendor bill upload templates with fund level allocations
o Prepare allocation of costs by fund in the Due From Funds (“DFF”) process
o Bill funds for expense reimbursements - Perform treasury function, including but not limited to:
o Complete verbal confirmation for bank instructions for new vendors
o Prepare Wire/ACH templates and initiate transactions set up in online banking system
o Distribute remittance advice to vendors
o Prepare bank reconciliations
o Ensure that vendor payments are processed in a timely manner
o Process cash receipts/reimbursements from Funds
o Ensure the accuracy for application of fund reimbursements
o Track the DFF aging and seek estimated reimbursement timelines
o Prepare bi-weekly cash projection - Perform month-end close activities, including but not limited to:
o Reconcile associated balance sheet accounts
o Create fund reimbursement invoices and provide to the Fund Accounting team
o Perform DFF’s reconciliation and distribute the reconciliation to the Fund Accounting team
o Resolve any DFF discrepancies - Provide requested information to the Fund Accounting team, as needed
- Perform other duties as requested or as responsibilities dictate
- Assist with preparation of Form 1099 data
- Assist with audit requests, as needed
QUALIFICATIONS:
- Bachelor’s degree with a major in Accounting or Finance
- Minimum of two to five years of progressive accounting experience
- Acute attention to accuracy and detail
- Ability to work independently, multi-task and manage priorities against key deadlines
- Solid foundation in accounts payable procedures and accounting principles
- Highly proficient in Excel, Word, and other Microsoft office programs
- NetSuite (or similar ERP) experience a plus
- Excellent verbal and written communication skills
- Strong problem-solving skills
Salary: $75,000 - $100,000
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
About us
Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.
Benefits
We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
#LI-Hybrid
Top Skills
What We Do
StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals.StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
