Position: Analyst, Alternative Fund Administration
Business Unit(s): Portfolio Administration
Location: New York, NY or Tampa, FL
Reporting to: Manager, Alternative Administration
The Alternative Administration team focuses on digital asset partnerships and comingled products and works closely with professionals throughout the entire firm including portfolio managers, traders, marketing, IT, PortOps and Tax. This is an excellent opportunity for someone interested in joining a growing team in an ever-evolving business landscape.
Essential Duties and Responsibilities:Includes the following, other duties may be assigned as needed:
- Handle various accounting and operational functions across a basket of private funds' portfolio of frontier technology investments spanning across AI, cryptocurrency, tokenized assets, decentralized finance (DeFi), and other digital assets - gaining deep exposure to some of the most dynamic sectors in private markets
- Model and review carried interest and waterfall calculations in accordance with the limited partnership agreement
- Calculate monthly incentive fees and/or GP carry
- Manage cash flow / vendor expenses / budgets and projections for various entities
- Perform oversight of monthly and quarterly fund NAV packages
- Assist in production of various valuation works for Private Equity and Venture Capital investments
- Maintain procedures and perform oversight of partner capital account / NAV calculations, including, among other accounts, accurate expense accruals and expense caps
- Act as liaison between the custodian, portfolio management, portfolio operations and Fund Administration to resolve problems
- Assist in oversight and management of the Capital Call and Distribution process for limited partners
- Work closely with internal teams and third-party vendors
- Work on any special projects assigned by Management
Supervisory Responsibilities: This role does not have supervisory responsibilities
Qualifications: - Accounting, tax and operational experience - digital assets experience is a plus
- Possess presence to interact with service providers, clients, consultants and senior management
- Knowledge of alternative investment structures including Master Feeder Funds and SPV's
- Comfortable working with new product ideas and developing corresponding processes and procedures
- Strong experience with private fund structures and calculation of incentive fees and carry
- Big 4 audit firm experience a strong plus
- Strong understanding of GAAP standards
- Strong communication skills, sharing important information with other departments
- Candidate needs to work with peers, portfolio managers and third-party representatives
- Track record of hands-on problem solving, detail-oriented and able to multi-task
- Ability to analyze data, think critically
- Ability to work independently and take a task to completion
- Understanding how to prioritize projects and when to escalate issues
Education and/or Experience: - Bachelor's degree in accounting is preferred but other related degrees will be considered
- 3-5 or more years of relevant industry experience, with significant experience with investment partnership products
- CPA is a plus
Compensation: If this position will be performed in whole or in part in New York City, the base salary range is $85,000 - $110,000. Individual salaries may vary based on different factors including but not limited to, skills, experience, job-related knowledge, and location. Base salary does not include other forms of compensation or benefits offered in connection with this position.
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