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HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds, and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and extensive proprietary transaction data sets. HedgeServ’s entrepreneurial spirit fosters a productive and agile environment, enabling our team to anticipate client needs and deliver solutions in real time. Led by industry experts, HedgeServ with over 1,500 professionals worldwide offers customizable solutions for risk management, portfolio management, middle office, investor relations, accounting, regulatory compliance, and tax services. Since 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings in Fund Accounting, Reporting & Technology, Client Service, Investor Services, and Regulatory Expertise.
HedgeServ is a progressive company with evolving work practices to ensure a future-focused mindset. Our employees benefit from a robust career development framework, clear learning paths, and support for remote and hybrid work arrangements, along with fully paid health and well-being benefits. Recognized as a Next Gen employer by RippleMatch in 2022, HedgeServ operates 13 offices across the US, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines, and Australia.
Private Equity Department
Due to its innovative technology and service offerings, HedgeServ’s private equity team is expanding in Luxembourg, Poland, Dublin, and the US. The team services private equity, real estate, and hybrid structures, collaborating on new technology solutions and client service models to support evolving asset management industry needs.
Job Description
A Private Equity Director oversees all aspects of NAV calculation for Private Equity funds, reporting to the Private Equity Managing Director. The role involves providing leadership, strategic direction, and contributing to system, procedural, and operational enhancements. Ensuring the timely and accurate delivery of NAV calculations, managing client requests, and maintaining a detailed understanding of Private Equity Fund Administration services are essential.
Key Accountabilities of the Role
The following responsibilities may vary based on client structure, requirements, and business needs:
1. Lead a team of managers, directors, and managing directors in developing HedgeServ services.
2. Provide leadership and strategic direction for fund accounting groups.
3. Participate in client meetings, demonstrating HedgeServ software, discussing accounting issues, and presenting solutions tailored to fund structures and traded products.
4. Manage multiple client relationships efficiently.
5. Oversee NAV production, including fee calculations, waterfall calculations, capital call and distribution calculations, investor notices/statements, profit and loss allocations, and complex financial instruments accounting.
6. Maintain a controlled environment within the private equity accounting group.
7. Develop and improve workflows and procedures.
8. Handle exceptional problems and special projects.
9. Manage recruitment, performance evaluations, and team development.
10. Support education and training initiatives.
11. Resolve employee issues in collaboration with HR and leadership.
12. Prepare and review financial and regulatory reports.
13. Maintain relationships with brokers, auditors, and legal counsel.
14. Manage new client onboarding and platform initialization.
15. Collaborate across departments within HedgeServ.
Flexibility and adaptability are key, as HedgeServ’s client-focused structure offers diverse experiences. The Private Equity Director may manage teams of up to 30 staff across multiple clients with varying needs and deadlines.
Education
Degree in Accounting, Finance, Legal, or Business with a minimum 2.2 honors classification.
Skills
* IT literacy
* Strong communication skills
* Analytical and problem-solving abilities
* Flexibility and teamwork skills
* Interpersonal skills
* Initiative and prioritization skills
* Knowledge of systems, products, and processes
* Reliability and dependability
* Approachability and leadership qualities
* Ownership and role modeling
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