Title: Accounting and Compliance Associate, WWB Asset Management

Reports to: Principal Investment Officer and Operations Manager, WWB Asset Management

Classification: Part-time

Location: New York, NY (currently remote)

Start Date: Immediately


WWB Asset Management (WAM) is seeking an experienced, highly motivated Accounting and Compliance Associate to support accounting, finance, reporting and compliance functions for two private equity funds under management. Accounting experience is required and experience with accounting for private equity funds is preferred. The position is currently part-time. The Associate will be expected to work from home for an unspecified amount of time but will eventually be based in the office in New York City.


About Women’s World Banking Asset Management (WAM)

WAM is a wholly-owned subsidiary of Women’s World Banking, Inc., headquartered in New York City. It manages the Women’s World Banking impact investment program, including a co-managed USD 50M private equity fund, WWB Capital Partners, LP (“Fund I”), and a solely-managed USD 75M private equity fund, WWB Capital Partners II (“Fund II”). Fund II is a Mauritius-based blended finance limited partnership, with a dedicated, grant-funded, side-car technical assistance program. It makes direct minority equity investments ranging between USD 1M – 15M in high-performing, women-focused inclusive finance institutions worldwide, and provides technical assistance to improve client and staff gender diversity, in accordance with the impact investment program established by Women’s World Banking.


Tasks & Responsibilities:

  • General bookkeeping (Fund I, Fund II and WAM)
    • Process invoices for WAM, Fund I and Fund II and appropriately record in bookkeeping files
    • Create invoices for WAM to reimburse expenses in timely manner and record appropriately
    • Reconcile accounts for different Fund entities with bank accounts and financial statements prepared by administrator on monthly and quarterly basis
    • Coordinate cash flow management between different entities, and inter-company cash transfers, in line with LPA restrictions
    • Support capital call and distribution calculations and coordinate process of issuing capital calls and distributions
    • Maintain Partner Capital Account calculations up to date and reconcile with quarterly PCAPs
    • Respond to inquiries from administrators, auditors and Limited Partners
    • Review available accounting software for PE funds, and support procurement of software
    • Manage transfer from current accounting files to software
  • Compliance and other support
    • Perform quarterly AML checks
    • Support reporting to regulatory entities, incl. SEC, Mauritius, Luxembourg and other European jurisdictions
    • Support notarization and certification of documents
    • Support with procurement process of consultants, vendors, etc.
    • Ensure payment of consultants and other third-parties

Required Qualifications

  • 3+ years experience in accounting
  • Knowledge of private equity funds services and processes
  • Ability to reconcile cash balances and review financial statements for accuracy
  • Strong analytical skills
  • Extraordinary attention to detail
  • Superior project management
  • Curiosity and desire to support building gender-diverse organizations
  • Dedication to ensuring an exceptional client experience
  • Bachelor’s Degree in accounting, finance or related field
  • Fluent in written and spoken English
  • Desire and capability to work independently and collaboratively in a remote and/or office environment

Preferred Qualifications

  • Experience working in accounting for an investment firm, ideally managing private equity funds
  • Experience with accounting software for private equity funds


Within the first 75 days:

  • Embrace Women’s World Banking’s core values and desired behaviors
  • Understand WAM’s investment process, accounting and compliance functions
  • Manage bookkeeping functions for WAM and fund entities
  • Coordinate with Fund administrators on quarterly financial statements