Manager - Fund Accounting Private Equity (VP level) The Role & Key Responsibilities: The Manager will work as part of a team-servicing clients, will have direct communication, and will work towards becoming an extension to the client's finance organization.
Fund and Investor Accounting:
- Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
- Review fund reimbursable expenses.
- Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
- Prepare fund financial statements with footnotes and supporting schedules.
- Prepare partner allocations and capital account statements.
- Understand/review of LPAs, purchase/sales agreement, side letters, etc.
- Coordinate and support the audit for both SSAE 16 audit and fund audit.
- Support the tax team with information to prepare tax compliance/reports.
- Assist with other regulatory reporting.
- Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).
Cash forecasting and budgeting:
- Responsible for bank and brokerage reconciliations.
- Assist with Ad hoc financial analysis for client.
- Assist with credit facility drawdowns for the fund.
Portfolio Accounting:
- Track portfolio company transactions (purchases, income, liquidity).
- Understand complex investment structures (hold companies, blockers, tax withholding, etc.).
- Calculate investment IRR.
- Accounting for holding companies and blocker entities.
Skills Required:- Bachelor's degree in accounting/finance required.
- 6 -10 years of professional experience (A mix of private and audit preferred).
- Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience).
- CPA Preferred.
- Strong Fund and Partner accounting knowledge.
- Credit funds exposure.
- Portfolio accounting, complex investment structures preferred.
- Supervisory experience.
- Strong written and verbal communication skills.
- Highly motivated with ability to multitask.
- Special Skills:
- Experience in fund accounting with a focus on private equity experience.
- Knowledge with LPA or other governing documents.
- Experience with waterfall calculations.
- Basic knowledge of Level 3 valuation methodologies.
- Experience with audit process, including internal control and test of details.
- Knowledge of US GAAP with an emphasis on investment partnerships.
- Our Services Focus On:
- Fund accounting and financial reporting - Offering exceptional technical accounting and reporting capabilities tailored to the specific needs of structures and clients.
- Governance, management and control - Ensuring statutory duties and governance are undertaken with appropriate diligence.
- Administration of Private Equity structures - Delivering a responsive, client focused administration service.
What you will get in return:- A high level of visibility within a large organisation on an upwards trajectory
- The ability to define marketing processes to drive innovation and have a tangible impact on the business
- Be part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline.
- Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly.
- Opportunity to work with a diverse, agile and global marketing team.
- The opportunity to innovate, bring discipline to brand activity and really make a difference.
We pride ourselves in our commitment to fostering a connected and inclusive culture, all our opportunities at Apex have four (4) days in office requirement.
Salary ranges from USD $130,000 to USD 140,000. Compensation within this range is dependent on individual's skills, experience and qualifications.
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