Pros
The place has a good work-life balance. You are paid hourly and can't work more than 40 hours a week unless there are special circumstances. The job would be really easy if the software weren't incredibly difficult to use. The job doesn't require a lot of thinking. If you a big drinker, the first Friday I was there they actually gave us beers to drink while working.
Cons
The software is horrible. Everybody is super young and trying to find people to date and different ways to get drunk. It isn't really accounting. Most of what you do is finding numbers on different documents and highlighting them on the computer. Its located in a pretty bad part of town. If anything, it is basic finance. There isn't really anywhere to move up to from Fund Accounting except supervisor. If you have goals of doing something else, I recommend starting somewhere else.