Client Operations Associate, Private Markets

Responsibilities

• Assist with middle and back-office operations and account services on private market funds
• Record transactions to the company’s investment management system
• Liaise with investment managers, third party administrators and banks
• Track forecasted cash flows – capital calls, distributions, invoices, etc.
• Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
• Review monthly/quarterly closing packages for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
• Review management fee calculations, including offset amounts, management fee waiver contributions, etc.
• Review investor allocations and capital account statements
• Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
• Review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
• Prepare and/or review financial statements, notes disclosures, and supporting schedules
• Work on the year-end audit process, in collaboration with the client and auditors and service providers

Qualifications

• 3 to 5 years of fund accounting/operations experience, ideally at a fund administrator, investment manager, public accounting firm or other financial institution
• Knowledge of private equity, private credit, fund accounting, legal structures, investment objectives, fee structures
• CPA preferred but not required
• Strong quantitative and qualitative skills
• Advanced professional proficiency in Microsoft Excel