Analyst Alternative Fund Admin

About the role

VanEck is a privately held global asset management firm founded in 1955. We develop forward-looking, intelligently designed, active and ETF strategies that strengthen long-term portfolios. The Alternative Administration team focuses on digital asset partnerships and comingled products and works closely with professionals throughout the entire firm including portfolio managers, traders, marketing, IT, PortOps and Tax. This is an excellent opportunity for someone interested in joining a growing team in an ever-evolving business landscape.

Responsibilities

• Handle various accounting and operational functions across a basket of private funds' portfolio of frontier technology investments spanning across AI, cryptocurrency, tokenized assets, decentralized finance (DeFi), and other digital assets — gaining deep exposure to some of the most dynamic sectors in private markets
• Model and review carried interest and waterfall calculations in accordance with the limited partnership agreement
• Calculate monthly incentive fees and/or GP carry
• Manage cash flow / vendor expenses / budgets and projections for various entities
• Perform oversight of monthly and quarterly fund NAV packages
• Aid in production of various valuation works for Private Equity and Venture Capital investments
• Maintain procedures and perform oversight of partner capital account / NAV calculations, including, among other accounts, accurate expense accruals and expense caps
• Act as liaison between the custodian, portfolio management, portfolio operations and Fund Administration to resolve problems
• Aid in oversight and management of the Capital Call and Distribution process for limited partners
• Work closely with internal teams and third-party vendors
• Work on any special projects assigned by Management

Qualifications

• Accounting, tax and operational experience - digital assets experience is a plus
• Possess presence to interact with service providers, clients, consultants and senior management
• Comfortable working with new product ideas and developing corresponding processes and procedures
• Strong experience with private fund structures and calculation of incentive fees and carry
• Big 4 audit firm experience a strong plus
• Strong understanding of GAAP standards
• Strong communication skills, sharing important information with other departments
• Candidate needs to work with peers, portfolio managers and third-party representatives
• Track record of hands-on problem solving, detail-oriented and able to multi-task
• Ability to analyze data, think critically
• Ability to work independently and take a task to completion
• Understanding how to prioritize projects and when to escalate issues

Education and/or Experience

• Bachelor’s degree in accounting is preferred but other related degrees will be considered
• 3-5 or more years of relevant industry experience, with significant experience with investment partnership products
• CPA is a plus