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Manager-Private Equity Services
| Company | SS&C |
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| Location | New York, NY, USA |
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| Salary | $146141 – $160000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Mid Level, Senior |
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Requirements
- Bachelor’s degree or equivalent in Accounting, Finance, Commerce or a related field
- 4 years of experience in an accounting role
- Strong knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting, specifically with respect to alternative investment funds, with a focus on private equity, hedge funds, and hybrid funds
- 4 years of experience with developing and implementing consistent policies and procedures for clients including business analysis, new requirements, workflow, and operational review
- Strong expertise with fund accounting system Investran, including onboarding and setup of new client entities
- Proven ability in reviewing fund governing documents, offering documents, subscription documents, side letters, and investment management agreements, in order to ensure proper application of fund terms
- Proven ability with capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
- Proven ability reviewing all transaction documentation and supporting files, and understanding the features of the investment transactions, accruals, etc.
- 4 years of experience with various management fee calculations, including offsetable amounts and management fee waiver contributions
- 4 years of experience reviewing work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, etc.
- 4 years of experience creating, maintaining, or reviewing distribution waterfall (carried interest) models, in keeping with the applicable fund terms
- Proven ability with preparing or reviewing financial statements, notes disclosures, and supporting schedules, including consolidated and combined financial statements
- 4 years of experience with investor allocations, including deal specific and non-commitment based allocations and capital account statements
- Proven ability managing the year-end audit process, in collaboration with the client and auditors.
Responsibilities
- Managing and monitoring transaction processing
- Proper application of accounting principles to complex transactions
- Financial reporting for private equity clients
- Managing one or more client relationships, including scheduling and meeting all client deliverables
- Maintaining/managing client expectations and coordinating deliverable timelines
- Demonstrating strong knowledge of accounting, specifically with respect to alternative investment funds, with a focus on private equity limited partnerships
- Reviewing fund governing documents, offering documents, subscription documents, side letters, and investment management agreements, in order to ensure proper application of fund terms
- Reviewing all transaction documentation and supporting files, and understanding the features of the investment transactions, accruals, etc.
- Preparing/reviewing work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments
- Preparing/reviewing management fee calculations, including offsetable amounts, management fee waiver contributions
- Preparing/reviewing investor allocations and capital account statements
- Preparing/reviewing capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
- Creating, maintaining, and/or reviewing distribution waterfall (carried interest) models, in keeping with the applicable fund terms
- Preparing/reviewing financial statements, notes disclosures, and supporting schedules
- Helping manage the year-end audit process, in collaboration with the VP, client, and auditors
- Providing guidance and direction on technical and client-service-related topics for junior staff, assist in preparation of goals and career development plans, and provide input for performance appraisals
- Supporting the tax team as needed with information to prepare tax compliance/reports.
Preferred Qualifications
No preferred qualifications provided.
Benefits
No information provided on Benefits.
