Private Equity, Fund Accounting & Administration, Vice President
Who We Are Looking For
We are looking for a Vice President (VP) for our Private Markets to service clients for our division of Alternative Investment Solutions Group. They will partner with both clients and colleagues to establish workflow and client deadlines while supervising staff members. They will be responsible for delivering reporting and day-to-day accounting and support for our clients.
Why this role is important to us
The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions, is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private credit funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements.
Responsibilities
- Supervise all lower-level staff (including Associate 1, Associate 2, Senior Staff, Officer and AVP)
- Manage client relationships with both client personnel and fund investors
- Review quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations
- Review quarterly and annual financial statements and footnotes
- Review and/or prepare annual tax work paper packages
- Review and/or prepare capital calls and distributions, including notices and release merged documents
- Review monthly bank reconciliations and post journal entries
- Review quarterly management fee calculations
- Review and/or prepare various client-related correspondence
- Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices
- Heavy client interaction on a daily basis
- Coordinate annual audit and tax return preparation with Big 4 accounting firms
- Review and/or prepare waterfall and capital account allocations
- Understand how to navigate through limited partnership agreements
- Review and/or prepare estimated tax workpapers
- Maintain working relationships with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel
- Ensure compliance with investment fund legal documents, i.e., partnership agreements
- Assist accounting managers to ensure compliance with investment fund agreements and other legal documents
- Special client projects
- Manage internal workflow and client deadlines
- Identify any unusual or potentially suspicious transaction activity and report and/or escalate in accordance with corporate policy and guidelines
What We Value
- Strong critical thinking, problem solving, and decision-making skills
- Excellent administrative and organizational skills
- Ability to multitask and work efficiently to meet client deliverables
Education & Preferred Qualifications
- Bachelor’s degree with accounting
- 12+ years of general ledger accounting or audit experience
- 6+ years of leadership experience
- Previous financial reporting experience
- Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP)
Additional Requirements
- Real estate, hedge fund, or private market accounting experience
- Exceptional interpersonal and communication skills
- Experience with Investran, Great Plains and Oracle Financials preferred
Salary Range
$115,000 - $201,250 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.