Q&A: Non-Target to REPE Fund Accountant
Background: * Finance and Accounting Double Major at Extreme Non-Target: 3.4 GPA * PWM Intern during school * Working in Investor Reporting for a Single Family Real Estate PE fund with ~ $1.5Bn AUM following a year at a large Multi Family Fund. I am in my second year of full time work after undergrad, and I am grateful for the opportunity to share my experience. The WSO community has been such an incredible resource and encouragement so if I can be of any help feel free to ask. As there are not too many posts on Fund Accounting (I didn't even really know what it was when I got my first offer) I'll share a few of my responsibilities. I work with our Asset Managers to build reports for our LP's e.g. return metrics, capital statements, and most importantly quarterly and annual financial statements. Since my firm is smaller everyone wears a couple of different hats so I have been learning SQL for our database management as well as helping our acquisitions team clean some of their Excel models; neither of which I was expecting to do but enjoy immensely. Networking and Mentors This is the main point I want to get across to everyone hustling for the internship or FT offer - NETWORK. This is the crux of many posts on WSO for good reason. I had to support myself during college by working part-time at a coffee shop, and I realized that many of my regular customers were very successful. As time went on, and I learned their names I would ask them to get coffee and many of them graciously obliged (I should mention I live in the Southeast where there is not as much finance opportunity for entry level). Once I reached my senior year I had around 10 mentors that I was meeting with regularly including energy traders, fund managers, real estate developers, and even a F500 CFO (which I did not know until I had known him for a year). Although my background was not the most impressive EVERYONE respects the hustle and as time goes on networking becomes easier as your network networks for you which is how I got my first job. Truly successful people can see your intrinsic value and will not talk down or belittle you. I continue to meet with many of my mentors and have even met a couple of new ones since I began working. Hobbies I would also like to mention that hobbies really set you apart - regardless of background. I am an Eagle Scout which opened a couple of interviews by itself, I did ballroom dancing in college and now I have been doing MMA (mostly Brazilian Jiu Jitsu and Muay Thai) for about a year which is awesome. Obviously do this as time allows - the next couple of weeks I'll be living in the office but I try to stay consistent with these things - people notice and remember. I'll be studying for the CPA this year, and may go to B-School in a few years but who knows. Happy to answer any questions WSO Mentor Want to work with me? Click here.