Senior Waterfall SME – Private Markets (Director Level)
2 days ago Be among the first 25 applicants
This range is provided by Quest Recruitment. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
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COO @ Quest Recruitment | Accountancy & Finance Recruitment Company of the Year
Are you a Waterfall calculation expert ready to step into a strategic, high-impact role with global exposure?
We’re working with a world-leading financial services organisation undergoing a major transformation of its private markets platform. As part of a senior cross-functional transformation team, you'll be the go-to subject matter expert for everything Waterfall—bringing your deep understanding of LPA terms, IRR models, carry structures and bespoke reporting into a high-visibility, client-facing position.
What You’ll Be Doing:
* Partner with Private Markets teams and Business Development to design bespoke Waterfall models.
* Serve as a solution expert in client pitches, helping shape proposals and demonstrating best-in-class analytics.
* Build and maintain complex calculation templates, interpreting LPAs, side letters, and deal terms.
* Collaborate with developers to evolve internal tools, reporting outputs and scenario analysis models.
* Contribute to building a European Waterfall strategy, with potential to grow and lead a specialist team.
Ideal Background:
* 10+ years in Private Equity fund accounting, reporting, or transformation roles.
* Demonstrated experience in designing and building Waterfall models—Excel-based and client-specific.
* Ability to translate technical structures into clear reporting tools for stakeholders and clients.
* Strong understanding of carried interest, preferred return mechanics, clawback, tiered fee structures.
* Confident, articulate, and client-facing with a solutions-driven mindset.
Why Apply?
* Executive-level visibility within a global business.
* Play a key role in the next evolution of private markets infrastructure.
* Outstanding compensation and opportunity to shape future strategy.
Apply to Larry in confidence or reach out directly for a confidential discussion.
Seniority level
* Director
Employment type
* Full-time
Job function
* Accounting/Auditing, Analyst, and Strategy/Planning
Industries
* Venture Capital and Private Equity Principals, Financial Services, and Investment Management
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