Job Openings

Staff Accountant

Job ID: BH406189

Category: Staff Accountant

Specialty: Accounting & Finance

Direct Hire
Staff Accountant
$60-$65k, 10% bonus
4 days onsite, vaccination verification or biweekly COVID tests


Position Title: Staff Accountant

Department: Finance – General Partner (GP) Services

Reports To: GP Services Manager

Location: Boston

Group Objective

To accurately and timely report the books and capital accounts of the carried interest holders and General Partner entities on a U.S. federal income tax basis.  To issue and maintain awards of carried interest and calculate the allocation of income and distribution based on these awards.  To provide reporting for tax compliance, carryholders and management. Provide best in class service to all clients.  Collaborate with other teams to meet the ongoing and changing needs of the Firm as a global leader in the private equity industry.

Specifications of Core Function

This position reports to the GP Services Manager and will assist with the day to day needs of the GP Services group as they relate to the administration of carried interest and maintaining the books and capital accounts of the General Partner and carried interest entities. The position’s responsibilities require that the individual be exposed to confidential employee information. Strict security of all confidential information is required.

Primary Responsibilities

Assist in the calculation of carried interest income and distribution allocations to carryholders
Compilation and distribution of quarterly and annual reports to carried interest holders and senior management
Quarterly preparation of carried interest awards documents and distribution of awards through DocuSign
Preparation and filing of certain Foreign and U.S. election forms relating to carried interest awards
Cash management responsibilities include:

assist with recording cash activity in the general ledger weekly and reconcile cash at month end

assist with the investment of any excess cash

assist with reimbursement of expenses back to the management company

assist with bank account maintenance, including opening and closing of accounts and KYC requests

assist with maintenance of carry holder wire instructions for distributions

Assist with responding to requests from carry holders, including running reports, preparing ad hoc reports and

compiling information for our non-U.S. employees to assist them with their tax filings

Assist in the delivery of U.S. Schedule K-1s to carry holders and co-investors

Assist with the preparation of presentation materials to senior management

Maintain carried interest and General Partner entity information in Investran and Partners Capital (an internally

developed database)

Maintain investor information (contact information, tax jurisdiction, department, level, hire/termination date, etc.)

Maintain investor capital account activity in Investran and Partners Capital.   Reconcile balances across systems monthly

Maintain  Xtranet site (internal site for current and former employees) which includes uploading documents weekly and providing users and tax advisors with access as needed

Various ad-hoc projects including assist in onboarding of employees to the co-invest loan program with outside banks, assist in the quarterly compliance of the co-invest loan program, GP Services’ team process documentation and testing software developments to the Partners Capital



Experience and Technical skills

Bachelor's degree with a major in Accounting or Finance; CPA preferred

One plus years of professional accounting and/or tax experience.  Big Four experience preferred.

Prior private equity/venture capital industry a plus

Knowledge of GAAP accounting principles and financial reporting concepts

Proficient in using Excel, Word, and other Microsoft Office programs.  Experience with Investran a plus

Comfortable with learning new technology (Asana, Tableau, DocuSign)

Interpersonal skills

Brings a strong work ethic, honesty and willing to take ownership

Is an energetic, self-motivator with the ambition and drive to continuously learn, grow and improve in a fast paced

and dynamic environment

Acute attention to accuracy and detail

Produces excellent work product and delivers superior customer service

Listens and communicates effectively, both verbally and written

Ability to prioritize activities while working on multiple projects to achieve target deadlines; knows when to ask for


Team player

The Planet Group of Companies is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Type: Direct

Location: Boston, Massachusetts