JTC Group
Associate Director - Fund Services
JTC Group, Boston, Massachusetts, us, 02298
The role holder will be required to administer a client portfolio, under the supervision of a Line Manager. They should be able to demonstrate a clear understanding of the client's portfolio, including risk awareness, relationship management and contractual and statutory obligations.MAIN RESPONSIBILITIES AND DUTIESSupervises a team and is responsible for the day-to-day investor servicing/onboarding, accounting, and reporting for private equity and real estate funds
Reviews and approves general ledger activity for investor-level, fund-level, and investment-level transactions
Reviews and approves investor subscription documentation and follows AML/KYC procedures
Responsible for daily cash activity, wire transfers and bank reconciliations
Reviews and approves quarterly accounting packages, including partner allocations
Manages and trains junior members of the team, including hiring decisions and performance appraisals
Serves as US GAAP subject matter expert and monitors FASB guidance for incorporation into procedures
Reviews and approves US GAAP financial statements and partner capital statements
Ensures fund waterfall and management fee calculations are interpreted in accordance with relevant fund operating documents, e.g. LP or LLC agreements
Reviews and approves investor capital call and distribution notices
Manages relationship with clients’ external auditors during year-end audits
Interacts with clients on day-to-day matters as well as on ad-hoc queries
Participates in regular technology and information reviews, identifies potential changes and enhancements, and recommends alternatives for implementation
Manage own billing and cash collection / debtors process, have an awareness of recoverability and work in an efficient manner so as to minimise write-offs
Adhere to Risk & Associated Compliance procedures in relation to regulatory requirements and AML legislation
Adhere to CPD requirements in accordance with qualification level and in-house procedures
Adhere to the JTC core values and expected behaviours
Any other duties as deemed necessary by ManagementESSENTIAL REQUIREMENTSPrivate equity or fund administration experience, ideally 8+ years, for this role.
College degree (accounting business, mathematics, finance or economics degree preferred but not essential)
Proficiency in MS Office. Strong Excel expertise
Strong organizational and communication skills
Attention to detail, problem solving and analytical skills
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Reviews and approves general ledger activity for investor-level, fund-level, and investment-level transactions
Reviews and approves investor subscription documentation and follows AML/KYC procedures
Responsible for daily cash activity, wire transfers and bank reconciliations
Reviews and approves quarterly accounting packages, including partner allocations
Manages and trains junior members of the team, including hiring decisions and performance appraisals
Serves as US GAAP subject matter expert and monitors FASB guidance for incorporation into procedures
Reviews and approves US GAAP financial statements and partner capital statements
Ensures fund waterfall and management fee calculations are interpreted in accordance with relevant fund operating documents, e.g. LP or LLC agreements
Reviews and approves investor capital call and distribution notices
Manages relationship with clients’ external auditors during year-end audits
Interacts with clients on day-to-day matters as well as on ad-hoc queries
Participates in regular technology and information reviews, identifies potential changes and enhancements, and recommends alternatives for implementation
Manage own billing and cash collection / debtors process, have an awareness of recoverability and work in an efficient manner so as to minimise write-offs
Adhere to Risk & Associated Compliance procedures in relation to regulatory requirements and AML legislation
Adhere to CPD requirements in accordance with qualification level and in-house procedures
Adhere to the JTC core values and expected behaviours
Any other duties as deemed necessary by ManagementESSENTIAL REQUIREMENTSPrivate equity or fund administration experience, ideally 8+ years, for this role.
College degree (accounting business, mathematics, finance or economics degree preferred but not essential)
Proficiency in MS Office. Strong Excel expertise
Strong organizational and communication skills
Attention to detail, problem solving and analytical skills
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