Dagen Personnel
Private Equity Fund Accounting Supervisor
Dagen Personnel, Dallas, Texas, United States, 75215
Private Equity Fund Accounting Supervisor
Company Description:
Fast-growing finance and technology service provider to investment management companies has an excellent Private Equity Fund Accounting Supervisor 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.
Position:
A Private Equity Supervisor is required to execute their role within the guidelines and procedures provided by the company and under the supervision and guidance of a Private Equity Manager and Director. The role requires the timely and accurate delivery of NAV calculations and working closely with any staff under their supervision. Review fee calculations, including waterfalls, profit and loss investor allocations, and investor and portfolio performance reporting, including IRR. Supervision of the reconciliation process, including trade capture, processing corporate actions, and pricing are an integral part of the role. Assisting in the development of the team, setting goals and acting as a guide and mentor to direct reports. The Private Equity Supervisor will receive the requisite Induction Training in addition to both compulsory (AML/KYC) and optional training. Additional client-specific training will be provided by the Private Equity Manager and or Director.
Responsibilities:
Assist in managing client relationships involving interaction with both the client and the management to ensure consistency of service.
Ensure the assigned Private Equity team operates within the clearly defined and documented control environment.
Supervise a team of up to four Private Equity accountants facilitating their ongoing development.
Resolve fund accounting inquiries escalated by the Administrator.
Responsible for the day-to-day supervision of the Private Equity team, including:
Capital Call and Distribution Processing
Investor Allocations and performance reporting, including portfolio and investor IRRs
Waterfall creation and maintenance
Preparation of net asset value calculations and financial statements
Ad hoc client and investor reporting
Ensure all aged items on cash and position reconciliations are resolved timely.
Review daily and monthly NAV calculations.
Develop and improve NAV calculation workflows and procedures.
Play a role in new client initialization and transition.
Pre-requisite Knowledge, Skills and Experience
3-6 years experience working in the Finance sector. Advantage if either at an Administrator, Auditor, or Investment Manager
Private Equity experience is not required but is a plus
Hedge fund experience is an advantage
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
Positive attitude and willingness to learn proprietary systems
Strong verbal and written communication skills
Strong attention to detail and well organized
Strong analytical and problem-solving skills
Ability to be flexible and work effectively both within a team structure or independently
Ability to coach and mentor junior employees and share knowledge and information across the team
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Company Description:
Fast-growing finance and technology service provider to investment management companies has an excellent Private Equity Fund Accounting Supervisor 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.
Position:
A Private Equity Supervisor is required to execute their role within the guidelines and procedures provided by the company and under the supervision and guidance of a Private Equity Manager and Director. The role requires the timely and accurate delivery of NAV calculations and working closely with any staff under their supervision. Review fee calculations, including waterfalls, profit and loss investor allocations, and investor and portfolio performance reporting, including IRR. Supervision of the reconciliation process, including trade capture, processing corporate actions, and pricing are an integral part of the role. Assisting in the development of the team, setting goals and acting as a guide and mentor to direct reports. The Private Equity Supervisor will receive the requisite Induction Training in addition to both compulsory (AML/KYC) and optional training. Additional client-specific training will be provided by the Private Equity Manager and or Director.
Responsibilities:
Assist in managing client relationships involving interaction with both the client and the management to ensure consistency of service.
Ensure the assigned Private Equity team operates within the clearly defined and documented control environment.
Supervise a team of up to four Private Equity accountants facilitating their ongoing development.
Resolve fund accounting inquiries escalated by the Administrator.
Responsible for the day-to-day supervision of the Private Equity team, including:
Capital Call and Distribution Processing
Investor Allocations and performance reporting, including portfolio and investor IRRs
Waterfall creation and maintenance
Preparation of net asset value calculations and financial statements
Ad hoc client and investor reporting
Ensure all aged items on cash and position reconciliations are resolved timely.
Review daily and monthly NAV calculations.
Develop and improve NAV calculation workflows and procedures.
Play a role in new client initialization and transition.
Pre-requisite Knowledge, Skills and Experience
3-6 years experience working in the Finance sector. Advantage if either at an Administrator, Auditor, or Investment Manager
Private Equity experience is not required but is a plus
Hedge fund experience is an advantage
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
Positive attitude and willingness to learn proprietary systems
Strong verbal and written communication skills
Strong attention to detail and well organized
Strong analytical and problem-solving skills
Ability to be flexible and work effectively both within a team structure or independently
Ability to coach and mentor junior employees and share knowledge and information across the team
#J-18808-Ljbffr