Vice President, Fund Accounting

Director

In Office

Job description

Over the last 20 years, our success has been driven by our people and our culture. Today, our team is guided by core values such as collaboration, responsibility, entrepreneurship, self-awareness, and trustworthiness, with a purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development, and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

The Secondaries team specializes in secondary market transactions of private equity, real estate, credit, and infrastructure investments with assets under management of approximately $27 billion as of September 30, 2024. The team is currently looking to hire a Vice President to join our dynamic Finance team of approximately 60 professionals located in our West Hartford, CT, Boston, MA, and New York, NY locations.

Reporting relationships

Reports to: Chief Accounting Officer, Secondaries

Primary functions and essential responsibilities

Responsibilities include:

• Supervise and develop staff at all levels with demonstrated ability to work with others through challenges and career development while providing ongoing training and feedback.

• Day-to-day oversight for numerous funds. Fund structures may include master-feeder structures, open-ended structures, closed-end structures in various countries including the U.S., and Luxembourg.

• Regularly review effectiveness of current processes and workflow, while proposing and implementing improvements.

• Manage quarterly close processes, including review work of accounting staff and third-party administrators, along with producing original workpapers and analyses.

• Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.

• Review calculation of performance fees/waterfall calculations.

• Review regulatory compliance filings (e.g. Form ADV, Form PF, SLT, etc.)

• Review cash flow projections and daily cash management, including activity on credit lines, expected settlement timing of purchases and underlying investment cash activity, and timing of investor capital calls and distributions.

• Monitor compliance with the Fund’s governing documents (e.g. Limited Partnership Agreement, Investment Management Agreement, investor side letters, etc.) and credit facilities, as applicable.

• Prepare and assist with ad-hoc limited partner reporting, analysis and other requests.

• Review and understand complex fund terms, vehicles, and structures.

• Coordinate cash management with accounting team, investment team and portfolio management.

• Review investor capital call and distribution calculations, and quarterly management company deliverables.

Qualifications

• CA, or CPA or CFA

• 10+ years of related financial experience is required, which may include public accounting.

• 4+ years of experience working in the private equity industry is strongly desired.

• Advanced computer skills including Microsoft Office, eFront Software is a plus.

• Experience working with third party administrators is a plus.

General Requirements:

• Strong management skills, including proven experience of managing and/or collaborating with teams in remote locations to ensure efficiency, effectiveness, and high level of supervisory oversight.

• Proven team player with stakeholder management skills.

• Strong relationship building skills with internal and external business clients, including third party administrators.

• Strong sense of ownership and accountability.

• High accuracy and detail orientation.

• Organizational skills, demonstrated ability to manage competing priorities and deliverables.

• Ability to work independently within a fast-paced environment with a hands-on approach.

• Dependable, great attitude, highly motivated and a team player.

• Working understanding of “waterfall” allocations.

• Advanced computer skills including Microsoft Office, eFront Software and reporting skills a plus.

Reporting Relationships

Chief Accounting Officer, Secondaries

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.

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Reporting relationships Reports to: Chief Accounting Officer, Secondaries Primary functions and essential responsibilities Responsibilities include:• Supervise and develop staff at all levels with demonstrated ability to work with others through challenges and career development while providing ongoing training and feedback.• Day-to-day oversight for numerous funds. Fund structures may include master-feeder structures, open-ended structures, closed-end structures in various countries including the U.S., and Luxembourg.• Regularly review effectiveness of current processes and workflow, while proposing and implementing improvements.• Manage quarterly close processes, including review work of accounting staff and third-party administrators, along with producing original workpapers and analyses.• Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.• Review calculation of performance fees/waterfall calculations.• Review regulatory compliance filings (e.g. Form ADV, Form PF, SLT, etc.)• Review cash flow projections and daily cash management, including activity on credit lines, expected settlement timing of purchases and underlying investment cash activity, and timing of investor capital calls and distributions.• Monitor compliance with the Fund’s governing documents (e.g. Limited Partnership Agreement, Investment Management Agreement, investor side letters, etc.) and credit facilities, as applicable.• Prepare and assist with ad-hoc limited partner reporting, analysis and other requests.• Review and understand complex fund terms, vehicles, and structures.• Coordinate cash management with accounting team, investment team and portfolio management.• Review investor capital call and distribution calculations, and quarterly management company deliverables. qualifications• CA, or CPA or CFA• 10+ years of related financial experience is required, which may include public accounting.• 4+ years of experience working in the private equity industry is strongly desired.• Advanced computer skills including Microsoft Office, eFront Software is a plus.• Experience working with third party administrators is a plus. 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