Fund Operations Specialist
This role supports the management of private equity and real estate investment funds, as well as working with hedge funds and other fund complexes.
Key Responsibilities:
* Processing capital calls and distributions, cash management, valuation support, performance measurement and reporting
* Audit support, systems support, preparation of regulatory and internal fund reports
* Monitoring and working closely with custodians and administrators to ensure fund accounting, fund expense and valuation policies are followed
The Fund Operations Specialist will perform a variety of specific activities with a focus on fund accounting. Additional tasks and projects may be required.
Specific Activities:
* Capital calls and distributions/subscriptions and redemptions - assisting with preparation, tracking and completion of fund investment transactions, including detailed documentation and obtaining or providing required approvals
* Cash management and fund expense - preparation of wire instructions, cash projections and reconciliations
* Reconciling unfunded commitments
* Assisting with oversight of fund accounting activities including valuation, accruals and expense management
* Helping with various activities in relation to fund expenses
* Supporting with oversight of fund distribution calculations and payments
* Assisting in oversight of performance fee calculations
* Valuation support - retrieving and tracking large quantities of portfolio company valuations and inputting into industry-specific applications
* Preparing portfolio valuations and quarterly reports for internal and external clients
* Providing monitoring and signoff on estimate and Final NAVs, interacting with fund administrators and underlying fund administrators regularly
Client Service and Reporting:
* Acting as a point of contact/liaison with the investment team, administrators/custodians as it relates to day to day operations of alternative investments
* Addressing all inquiries with professionalism and timely response
* Reporting - preparing, coordinating, and distributing various internal and external reports, as well as various ad-hoc reports
Systems Support:
* Inputting and maintaining fund data
* Responding to queries and producing reports
The successful candidate will have extensive demonstrable skills and experiences, including accountancy qualification or part qualification, or equivalent Investment Management or Financial Services certification/diploma, and a business related undergraduate degree or equivalent experience/qualification.