Job Description

Private Equity Fund Accounting Manager

Company Description

Fast-growing finance and technology service provider to investment management companies has an excellent Private Equity Fund Accounting Manager opportunity. Due to its innovative technology and service offering, the team is expanding in the Dallas office. The team currently services a mix of private equity, real estate, and hybrid structures. The team collaborates with clients on new technology solutions, client service models to support unique structures, and operating models to meet an evolving and growing area within the asset management industry.

Job Description

The manager will be required to manage the closed-end fund accounting process within the company’s guidelines and procedures. They will manage the timely and accurate delivery of the NAV calculations. They will help develop client relationships and require a detailed understanding of the service requirements for closed-end fund administration.

Responsibilities

Responsible for the day-to-day management of the private equity team, including :

• Capital call and distribution processing
• Preparation of net asset value calculations and financial statements
• Fee calculations and profit and loss allocations
• Waterfall creation and maintenance
• Performance reporting, including IRRs
• Ad hoc client and investor reporting
• Managing client relationships involving interaction with both the client and the relevant Private Equity Director to ensure consistency of service
• Ensure the assigned accounting team operates within the clearly defined and documented control environment
• Manage and develop client teams of up to 10 employees
• Resolve fund accounting inquiries escalated by Supervisor or Administrator
• Develop and improve workflows and procedures
• Manage the audit process, ensuring timely and successful completion of fund audits
• Manage and complete client onboarding and transitions
• Manage fund accounting recruitment, training and performance evaluations
• Establish and maintain effective working relationships with other stakeholder groups

Qualifications

• A minimum of 5 years experience working in a Hedge Fund Administration firm with at least 3 of those at the Supervisor level is desired. Alternative Hedge Fund or Private Equity Fund experience will be considered
• Accounting, Economics, Finance, Mathematics or Business Degree
• Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required
• Strong verbal and written communication skills
• Good people manager with the ability to coach and develop a team
• Strong analytical and problem-solving skills
• Ability to be flexible and work effectively both within a team structure or independently
• Strong interpersonal skills with the ability to influence at all levels of the organization
• Strong systems, product, and process knowledge – Investran experience ideal
• Strong Client focus and stakeholder management skills

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